AEP definition
Examples of AEP in a sentence
Each of WGR and AE&P has the requisite power and authority to carry on its business as it is now being conducted and to own all of its properties and assets, except as would not be reasonably likely to have, individually or in the aggregate, a material adverse effect on WGR or AE&P, as applicable, and would not prevent, materially delay or materially impede the performance by WGR or AE&P of its obligations under this Agreement.
AEP’s Buyback Gas received at each Buyback Delivery Point (the settlement of which may be described under a separate written agreement between AEP and DBM) shall be deemed to be based on the percentage, as set forth in the Allocation Statement, of the total Buyback Gas delivered at such Buyback Delivery Point.
AEP may organize and group Points of Receipt and Buyback Delivery Points in an Allocation Statement, but, in any case, shall provide the information required in items (i) and (ii) above for all Points of Receipt and Buyback Delivery Points (as applicable) within such grouped Points of Receipt and Buyback Delivery Points (as applicable).
AEP shall use commercially reasonable efforts to deliver Gas to the Points of Receipt at a reasonably uniform daily rate of flow.
AEP shall have the right to request that DBM test (at AEP’s sole cost and expense) the measurement equipment between the regularly scheduled tests per the below table.