Low Pressure System definition
Examples of Low Pressure System in a sentence
Upon Company’s receipt of notice from Supplier electing to have such qualifying Delivery Point converted to the Low Pressure System, the transfer of the Delivery Point shall be completed by Company within sixty (60) Days of the latter of (i) Company’s receipt of Supplier’s notice or (ii) the end of the first Month in which the referenced average Daily pressure is less than the Low Pressure Conversion Pressure (“LP Conversion Date”).
Example: The County Clerk incurred Shared Election Costs of $12,500 to administer the Election, of which $2,500 was incurred to print and mail Notice Packets, leaving a balance of $10,000 in Non-▇▇▇▇▇ Election Costs.
The Company has made available to Parent true and complete copies of the documents in the possession of the Company and the Company Subsidiaries creating all material Easements used by the Company and the Company Subsidiaries in the conduct of their businesses (other than those relating to the Low Pressure System).
Should Company elect, as provided above, to provide Low Pressure Service through the use of compression of Gas at the Delivery Point, rather than direct connection to the Low Pressure System, the Low Pressure Gathering Fee shall be charged and received by Company on each MMBtu of Supplier’s Gas received at such Delivery Point regardless of the extent to which any provided compression is actually needed to compress any of Supplier’s Gas to allow it to enter the Gathering System.
Except as set forth on Company Disclosure Schedule 3.1(m), neither the Company nor any Company Subsidiary is in default under any material Easements not relating to the Low Pressure System, except for any such default that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
If Company so elects to provide compression in lieu of physical transfer of a well to the Low Pressure System, same shall be accomplished within the same time period as required in Section 8.A(1) above for physical transfers to the Low Pressure System.
To the Knowledge of the Company, except as set forth on Company Disclosure Schedule 3.1(m), neither the Company nor any Company Subsidiary is in default under any material Easements relating to the Low Pressure System, except for any such defaults that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
The Company has made available to Parent true and complete copies of the documents in the possession of the Company and the Company Subsidiaries creating all Easements used by the Company and the Company Subsidiaries in the conduct of their businesses and relating to the Low Pressure System.
Supplier shall be notified of Company’s intention to transfer a connection of well to the Low Pressure System prior to doing so and Supplier may direct Company to not complete such a transfer if Supplier advises that the lower pressures from the well will not continue but are a temporary condition.
Except as set forth in Company Disclosure Schedule 3.1(m), such Easements represent all Easements that are reasonably necessary for the Company or the applicable Company Subsidiary to use and operate its respective assets and properties in the manner that such assets and properties are currently used and operated (other than those relating to the Low Pressure System).