Capacity Release definition

Capacity Release means those contract rights released to Manager, as specifically set forth in Section 2.01 of this Agreement, and for which Manager is designated agent, as provided in Section 3.01.
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Capacity Release means the release of interstate pipeline transportation and storage capacity to replacement shippers pursuant to applicable FERC rules.
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Capacity Release means the release of transportation or storage capacity pursuant to the terms and conditions of an Interstate Pipeline's effective gas tariff on file with the Federal Energy Regulatory Commission as contemplated by 18 C.F.R. Part 284 or successor regulations, and "Released Capacity" shall refer to capacity that has been released pursuant to a Capacity Release.
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Examples of Capacity Release in a sentence

  • To the extent Customer so desires, when it releases capacity pursuant to Section 3.14 of the General Terms and Conditions, Customer may require privity between Customer and the Replacement Customer, as further provided in the applicable Capacity Release Umbrella Agreement.

  • ESCO shall provide Company with prompt written notice of any modifications to the Capacity Release Addendum.

  • ESCO requests that the Capacity Release be released to the named entity on the pipeline(s) as designated in the attached Capacity Release Addendum to be completed by ESCO and returned to Company with this Agreement.

  • This Agreement shall terminate upon any date on which any federal or state statute, regulation, order or judicial decision renders this Agreement, or the Agreements comprising the Capacity Release, illegal, null or void.

  • Either Party may pledge or mortgage this Agreement, the Counterparty Storage Accounts or the Capacity Release as security for its indebtedness only with the prior written consent of the other Party, such consent not to be unreasonably withheld.

  • In the event of an assignment of this Agreement, the Counterparty Storage Accounts or the Capacity Release, the assignor shall not be relieved from the performance of its obligations under this Agreement absent a written release issued by the non-assigning Party.

  • The existence of such an agreement will be indicated on the appropriate Addendum to this Capacity Release Umbrella Agreement.

  • The term of this Capacity Release Umbrella Agreement shall commence on ________ and shall continue in force and effect until_______ and ____________to _____________thereafter unless this Capacity Release Umbrella Agreement is terminated as hereinafter provided.

  • Any other assignment of this Agreement, the Counterparty Storage Accounts or the Capacity Release other than those specifically permitted by the foregoing parts of this Section 11.01 shall be null and void unless the written consent of the other Party shall first have been obtained by the assigning Party.

  • Manager shall manage the transferred Counterparty Storage Volume and Capacity Release in a prudent manner consistent with all applicable Tariffs and the operational requirements detailed on Exhibit D.


More Definitions of Capacity Release

Capacity Release means those contract rights released to Manager, as specifically set forth in Section
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Capacity Release means the capacity assigned to another shipper or consumer.
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Capacity Release means the Transportation Capacity released to Asset Manager, as specifically set forth in Article IV of this AMA.
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Related to Capacity Release

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Threat of Release means a substantial likelihood of a Release that may require action in order to prevent or mitigate damage to the Environment that may result from such Release.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.