Existing Shipper definition

Existing Shipper means an entity that has shipped NGLs in the Pipeline during the Base Period, excluding any Committed Shipper to the extent of its Volume Commitment.
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Existing Shipper means those entities which have
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Examples of Existing Shipper in a sentence

  • Upon the expiration, cancellation or termination of a Transportation Service Agreement, Transporter has pregranted authority to abandon that service pursuant to Section 7(b) of the Natural Gas Act, and Transporter shall have no further obligation to render service under the Transportation Service Agreement unless the Existing Shipper exercises a Right of First Refusal as prescribed in Section 26.5 of the General Terms and Conditions of this Tariff.

  • The term "Competing Offer" shall mean the Best Bid that Transporter accepts and presents to an Existing Shipper for the Existing Shipper to match under the Bid Matching Procedure prescribed in Section 26.5(j) of the General Terms and Conditions of this Tariff.

  • Upon expiration of a Transportation Service Agreement subject to this Section 26.5(a), and provided that the Existing Shipper meets the standards of Section 3.5 of these General Terms and Conditions, the Existing Shipper will have a "Right of First Refusal".

  • The term "Existing Shipper" shall mean the Shipper for which Transporter provides service under any executed Transportation Service Agreement subject to this Section 26.

  • If Transporter accepts a Best Bid as a Competing Offer for purposes of this Bid Matching Procedure, Transporter will inform the Existing Shipper of the terms of the Competing Offer.

  • The term "Notice of Election" shall mean the notice that an Existing Shipper provides Transporter, as prescribed in Section 26.5(b) of the General Terms and Conditions of this Tariff, that the Existing Shipper intends to exercise its Right of First Refusal upon termination of its Transportation Service Agreement.

  • To match the Competing Offer, the Existing Shipper must either (i) match the Competing Offer or (ii) match the rate contained in the Competing Offer for a period of at least five Years.

  • If the Existing Shipper refuses pay the maximum authorized rate, Transporter has pregranted authority to abandon service and Transporter shall have no further obligation to render service under the Existing Shipper's Transportation Service Agreement pursuant to Section 7(b) of the Natural Gas Act.

  • Upon receipt of a Notice of Election from an Existing Shipper, Transporter will post information relevant to the notice, as provided in Section 26.5(c) of the General Terms and Conditions of this Tariff.

  • Within 30 days of receiving the terms of the Competing Offer, the Existing Shipper must notify Transporter whether the Existing Shipper agrees to match the Competing Offer.

Related to Existing Shipper

  • existing company means a company formed and registered under any of the previous companies laws…”

  • Existing Shares means shares of the Company Common Stock Beneficially Owned by Stockholder as of the date hereof.