Firm Service Shipper definition
Firm Service Shipper means a shipper who is party to a Contract.
Firm Service Shipper means a Shipper that has (a) committed under a separate gas gathering and treating agreement with Transporter’s affiliate to tender all of its at natural gas production from a mutually agreed to dedicated area (“Dedicated Production”) for a term of at least ten (10) years and (b) has entered into an Agreement with Transporter for a term of at least ten (10) years for the dedication and transportation of its Condensate associated with the Dedicated Production. The permitted successors and assigns of any Firm Service Shipper shall also be considered Firm Service Shippers.
Firm Service Shipper means a Shipper that has (a) committed under a separate gas gathering and treating agreement with Transporter’s affiliate to tender at least two hundred seventy-five million cubic feet (275 MMcf) of natural gas per Day (“Dedicated Production”) for a term of at least fifteen (15) years and (b) has entered into an Agreement with Transporter prior to the later of the commencement of construction of Transporter’s facilities or May 10, 2012, for a Primary Term of at least fifteen (15) years for the transportation of Condensate associated with the Dedicated Production. The successors and assigns of any Firm Service Shipper shall also be considered Firm Service Shippers.
Examples of Firm Service Shipper in a sentence
In the event that the Actual Monthly Volume is less than the Monthly Volume, the Firm Service Shipper shall pay to the Carrier the Fixed Toll on the difference.