Foundation Shipper definition

Foundation Shipper means the Foundation Shipper in relation to the Pipeline or its direct or indirect assignee or novatee under the Gas Transportation Agreement between the Foundation Shipper and the Service Provider in existence prior to the date of this agreement.

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Foundation Shipper means a Shipper holding one or more FTS Agreements utilized to support the initial certification of the System which were entered into prior to the Commencement Date, hereinafter shall be referred to as “Foundation Shipper” or “Shipper”; provided that, unless otherwise mutually agreed by TIGER and the Foundation Shipper, such Shipper must hold in the aggregate at least 900,000 Dth/d of firm capacity for a minimum term of fifteen (15) years under such FTS Agreements as of the Commencement Date.

Foundation Shipper means a Shipper holding one or more Service Agreement(s) and/or Confirmation(s) for transportation of intrastate gas that were utilized to support the initial construction of a pipeline described therein (the “New Pipeline”) and which were entered into prior to the initial in-service date of the New Pipeline (the “FS Intrastate Confirmation(s)”). Such Shipper must hold in the aggregate a certain percentage of the Firm capacity of the New Pipeline for a minimum term as specified under such FS Intrastate Confirmation(s) as of the in-service date of the New Pipeline.

Examples of Foundation Shipper in a sentence

As such, Customer understands that Pipeline has included in its Open Season posting for the Project a description of the benefits available to prospective shippers that seek Foundation Shipper status.
To the extent that Shipper remains a Foundation Shipper under the provisions of FEP's Tariff, Shipper shall be entitled to participate in an interruptible transportation service ("IT") revenue crediting mechanism (exclusive of AOS and any interruptible service revenues other than FEP's Rate Schedule ITS revenues) under which Foundation Shippers receive a portion of FEP's net IT revenue.
If Shipper partially assigns the Transportation Agreement or permanently releases a portion of the capacity under the Transportation Agreement, Shipper shall maintain its Foundation Shipper status if Shipper's Contract MDQ under this Transportation Agreement at all times is at least 375,000 Dth/day (the "Minimum Capacity Commitment").
Foundation Shipper shall also be entitled to receive, in accordance with the provisions of FEP's Tariff, a credit for its pro rata share, based on the Contract MDQ of all shippers during the relevant period, of any penalty revenues collected by FEP which negotiated rate shippers are permitted to receive under then-applicable FERC policy and the provisions of FEP's Tariff.
Foundation Shipper B A firm gas transportation and/or throughput service on DDP 133 provided pursuant to a Gas Transportation Agreement with Foundation Shipper B, including any such service acquired by a Foundation Trade Shipper through a Foundation Trade (DDP 133-2 Foundation Firm Services).
Foundation Shipper The firm gas transportation service on the Pipeline provided to the Foundation Shipper pursuant to a Gas Transportation Agreement with the Foundation Shipper, including any such service acquired by a Foundation Trade Shipper through a Foundation Trade.
Each Foundation Shipper shall receive a share of the IT revenue for any month which is prorated based on each Foundation Shipper's effective Contract MDQ during such month.
Foundation Shipper C A firm gas transportation service on DDP 90 provided pursuant to a Gas Transportation Agreement with Foundation Shipper C, including any such service acquired by a Foundation Trade Shipper through a Foundation Trade (DDP 90-2 Foundation Firm Services).
As specified in Annexure DDP 134 Service Priority Existing Shipper (DDP 134) Firm Services – Foundation Shipper A Firm gas transportation and storage services on DDP 134 provided pursuant to a Gas Transportation Agreement with Foundation Shipper A, including any such service acquired by a Foundation Trade Shipper through a Foundation Trade (DDP 134-1 Foundation Firm Services).
Existing Shipper (DDP 90) As-Available or Interruptible Service – Foundation Shipper A or Foundation Shipper B An as-available or interruptible gas transportation service on DDP 90 provided pursuant to a Gas Transportation Agreement with either Foundation Shipper A or Foundation Shipper B, including any such service acquired by a Secondary Shipper through an Exchange Trade or Bilateral Trade (DDP 90-1 As-Available or Interruptible Services).

More Definitions of Foundation Shipper

Foundation Shipper. C A firm gas transportation service on DDP 90 provided pursuant to a Gas Transportation Agreement with Foundation Shipper C, including any such service acquired by a Foundation Trade Shipper through a Foundation Trade (DDP 90-2 Foundation Firm Services). In the event of insufficient available Capacity in the DDP 90 Pipeline to meet all DDP 90-2 Foundation Firm Services contracted by the Service Providers, the Service Providers will Curtail the quantities of Gas to be transported on account of the Shipper and all other shippers entitled to DDP 90-2 Foundation Firm Services (DDP 90-2 Shippers), and such Curtailment will be apportioned on a pro-rata basis according to the proportion that each DDP 90-2 Shipper’s Operational MDQ (to the extent related to DDP 90-2 Foundation Firm Services) is as a percentage of all Operational MDQ for DDP 90-2 Foundation Firm Services under all Gas Transportation Agreements at the relevant Receipt and/or Delivery Point, as applicable. 2 Firm Haulage Services (other than Foundation Firm Services) A gas transportation service on DDP 90 that gives the highest level assurance (subject to the services described at priorities 1 and 2) that the Shipper will be able to transport Gas, subject to Curtailment, including any such service acquired by a Secondary Shipper through an Exchange Trade or Bilateral Trade. In the event of insufficient available Capacity in the DDP 90 Pipeline to meet all Firm Haulage Services (other than 3 3440-4547-1244 Gas Transportation Agreement (DDP) 75 Service Priority number

Foundation Shipper means a shipper that meets the requirements to be a Foundation Shipper set forth in Adelphia’s Open Season Notice as specified in Section 4(a)(ii).

Foundation Shipper on the terms set forth in this Precedent Agreement; and WHEREAS, subject to the terms and conditions of this Precedent Agreement, Pipeline is willing to develop the Project and to provide the firm transportation service Customer desires.

Foundation Shipper means a Shipper who satisfies the criteria specified in Section 6.1 of this Precedent Agreement.

Foundation Shipper means a Shipper holding one or more FTS Agreements utilized to support the initial certification of the System which were entered into prior to the Commencement Date; provided that, unless otherwise mutually agreed by MEP and the Foundation Shipper, such Shipper must hold in the aggregate at least 500,000 Dth/d of firm capacity in Zone 1 and at least 300,000 Dth/d of firm capacity in Zone 2 for a minimum term of 10 years under such FTS Agreements.

Foundation Shipper on the terms set forth in this Precedent Agreement; and