FPS System definition

FPS System means the facilities existing from time to time necessary to transport and process Pipeline Liquids and necessary to handle and deliver Forties Blend and Gas Products (or Raw Gas as appropriate). The relevant facilities currently comprise those facilities described in Attachment A.
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Examples of FPS System in a sentence

  • It is therefore hereby agreed that, in such circumstances where such Other Facilities are essential to maintain the operational, safety and/or environmental integrity of the FPS System, the definition of the FPS System for the purposes only of this Clause 12 shall be deemed to include such Other Facilities.

  • The Shippers Group shall maintain the facilities referred to in Clause 9.2 to ensure continuous compatibility with the FPS System, including the facilities referred to in Clause 9.1 as they may be adapted or replaced by INEOS from time to time, at the Shippers Group’s own cost and expense.

  • Except as provided to the contrary herein, this Agreement contains the entire agreement between the Parties in respect of the transportation and processing of Shippers Pipeline Liquids within the FPS System and supersedes any previous understandings, commitments, agreements or representations whatsoever, oral or written.

  • In addition, Shippers Production shall be free from any other undesirable substance or matter (including, without limitation, radioactive materials), which, in the reasonable opinion of INEOS, is likely to cause damage to any part of the FPS System, contaminate or reduce the value of any product deliverable therefrom, or prejudice health, safety or the environment.

  • The system difference (dry) is calculated using a mass balance equation and is the difference in mass between input to and disposals from the system at the Kinneil Raw Gas and SCO meters, over a period of one (1) Day or other period as agreed by the FPS System Measurement Forum (Mass Balance Period).

  • These yields shall be calculated using a computer process simulation program as agreed by the FPS System Measurement Forum on behalf of Field Operators, which requires as input data the mass (dry) at the Kerse of Kinneil and the representative composition of each User's Pipeline Liquids (dry) being processed.

  • Should the Shippers Group have a long term requirement to export contaminants, the FPS System may be able to provide an additional handling service.

  • The procedure that INEOS has in place for new shippers in the FPS System covering technical, commercial and start up activity from the time that INEOS receives a service request to the time that a new field commences export through the FPS System is summarised below (the “New Entrant Co-ordination Procedure”).

  • However, if at any time and for any reason INEOS is unable to fulfil any of those obligations and in order to resume its performance thereof it would have to rebuild, repair, re-configure, rectify or reinstate any part of the FPS System, it shall be under no obligation to rebuild, repair, re-configure, rectify or reinstate such part or to resume such performance if to do so would, in the reasonable opinion of INEOS, be uneconomic to INEOS.

  • All Users shall contribute to stocks within the FPS System upstream of the Kerse of Kinneil approved meters for Forties Blend and Raw Gas in accordance with Paragraph 3.5.4.

Related to FPS System

  • ▇▇▇▇▇ System means the ▇▇▇▇▇ filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • SDX System means the system used by NERC to exchange system data.

  • Waterworks System means all waterworks and all appurtenances thereto, including water mains, service connections, pumping stations, wells, water storage facilities and treatment plants, and owned, controlled, maintained and operated by the City or by agreement between the City and others.

  • PV System means, a photovoltaic system, including Solar Photovoltaic Panels, Inverters, Racking Systems, wiring and other electrical devices, as applicable, conduits, weatherproof housings, hardware, remote monitoring equipment, connectors, meters, disconnects and over current devices (including any replacement or additional parts included from time to time).

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.