LNG SPA definition

LNG SPA means an LNG sale and purchase agreement between the Borrower and a buyer of LNG pursuant to which the Borrower will sell and the buyer will purchase LNG from the Borrower.

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LNG SPA has the meaning given in Schedule A of the CSAA.

LNG SPA means that certain LNG Sales and Purchase Agreement, by and between Rio Grande LNG, LLC and TotalEnergies Gas & Power North America, Inc.

Examples of LNG SPA in a sentence

Except to the extent such amendment or modification is required by applicable law or regulation of any Governmental Authority, CCL will not agree to any amendment or modification to the terms or provisions of any Qualifying LNG SPA if such amendment or modification would or could reasonably be expected to have a Material Adverse Effect.
LNG SPAs may be entered into by CCL in respect of Supplemental Quantities of LNG and such LNG SPAs may be of any duration, on any terms and to buyers of any credit quality; provided that (a) performance under such LNG SPAs would not reasonably be expected to have a Material Adverse Effect; and (b) entry into and the terms of such LNG SPA will not result in a breach of any Required LNG SPA then in effect.
For the avoidance of doubt, the Qualifying LNG SPAs required to be maintained in accordance with the provisions of this Section 8.1 (LNG SPA Maintenance) are referred to as “Required LNG SPAs”.
No Impairment of any Required Export Authorization with respect to any Required LNG SPA has occurred and is continuing that could reasonably be expected to result in a Material Adverse Effect.
Any LNG SPA that becomes a Qualifying LNG SPA will automatically be deemed to be a Material Project Agreement.

More Definitions of LNG SPA

LNG SPA means each of the following LNG sale and purchase agreements entered into by Project Company as seller of LNG: (a) the BG SPA, (b) the GN SPA, (c) the Kogas SPA, (d) the GAIL SPA, (e) the Total SPA, (f) the Centrica SPA and (g) any Train 6 SPA.

LNG SPA means each agreement for the supply of LNG that is to be delivered to the FSRU.

LNG SPA means the LNG Purchase and Sale Agreement dated November 10, 2016, entered into between the LNG Supplier and the Issuer, as amended by the agreement dated July 27, 2017 and the First Amendment dated March 22, 2018.

LNG SPA means the LNG Sale and Purchase Agreement to be entered into as of the Phase 1 Project FID Date pursuant to Section 4.1 by and between Driftwood LNG, as seller, and the Partner (or its Affiliate), as buyer, a substantially final execution version of which is set forth on Exhibit C, as the same may be amended or restated from time to time.

LNG SPA means an LNG sale and purchase agreement between Driftwood LNG and a Partnership Buyer.

LNG SPA means the long term agreement with the LNG Supplier for supply, sale and purchase of LNG for the Project;

LNG SPA means each of the following LNG sale and purchase agreements entered into by Project Company as seller of LNG: (a) the BG SPA, (b) the GN SPA, (c) the Kogas SPA, and (d) the GAIL SPA. “Loss” means any losses, liabilities, costs, expenses, claims, proceedings, actions, demands, obligations, deficiencies, lawsuits, judgments, awards, or damages. “Manager” has the meaning given in the preamble hereto. “Manager Event of Default” has the meaning given in Section 7.1. “Manager Fee” has the meaning given in Section 6.2. “Monthly Expenditures” has the meaning given in Section 6.4. 4 “Natural Gas” means any mixture of hydrocarbons and other gases consisting primarily of methane which at a temperature of sixty degrees Fahrenheit (60°F) and at an absolute pressure of 1.01325 bar is predominately in the gaseous state. “O&M Agreement” has the meaning given in the recitals hereto. “Operating Year” means each calendar year during the term of this Agreement; provided that the first Operating Year shall commence on the Effective Date. “Operator” has the meaning given in the recitals hereto. “Parties” and “Party” have the meaning given in the preamble hereto. “Person” means any individual, sole proprietorship, corporation, trust, company, voluntary association, partnership, joint venture, limited liability company, unincorporated organization, institution, governmental authority or any other legal entity. “Pre-Completion Fee” has the meaning given in Section 6.1. “Project Company” has the meaning given in the preamble hereto. “Project Company Action” has the meaning given in Section 5.3. “Project Company Event of Default” has the meaning given in Section 7.2. “Project Contract” means any agreement related to the development, financing, construction, operation, and maintenance of the Facility to which the Project Company is a party other than this Agreement. “Risk Management Policy” means the risk management policy for the Project Company as adopted and approved by the GP Board. “Service Providers” means the Operator and each other Person hired by the Project Company, or by the Manager on behalf of the Project Company, to perform services for the Project Company, including, without limitation, Subcontractors and other providers of maintenance, repair and warranty services, certified public accountants, tax return preparers, law firms, engineering firms, and other professional advisors and consultants. “Services” means managing all of the operations and business of the Projec...