Nautilus System definition

Nautilus System means the Nautilus Initial Facilities, and any other natural gas pipelines and related facilities constructed, purchased or otherwise acquired by Nautilus in accordance with the terms and conditions of this Agreement and Nautilus' Limited Liability Company Agreement.
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Examples of Nautilus System in a sentence

  • The sole purpose of the Company is to own interests in Manta Ray and Nautilus, which shall acquire, construct, own and operate the Manta Ray System and the Nautilus System, respectively.

  • Manta Ray and Nautilus will acquire, construct, own and operate the Manta Ray System and the Nautilus System (each defined below), respectively.

  • If the reconstituting Members construct the Nautilus Initial Facilities, such Members agree to use good faith reasonable efforts to maintain the transport rates on the Nautilus System agreed to in the Precedent Agreements between (i) Shell Offshore Inc., Shell Deepwater Development Inc., Shell Deepwater Production Inc., and Nautilus, and (ii) Marathon Oil Company and Nautilus subject to the other terms and provisions of such Precedent Agreement.

  • The Nautilus System was constructed during 1997 and first provided natural gas transportation service on December 15, 1997.

  • The FERC has jurisdiction over the Nautilus System with respect to transportation of gas, rates and charges, construction of new facilities, extension or abandonment of service facilities, accounts and records, depreciation and amortization policies and certain other matters.

  • If the reconstituting Members construct the Nautilus Initial Facilities, such Members agree to use good faith reasonable efforts to maintain the transport rates on the Nautilus System agreed to in the Precedent Agreements between (i) Shell Offshore Inc., Shell Deepwater Development Inc., Shell Deepwater Production Inc., and Nautilus and (ii) Marathon Oil Company and Nautilus subject to the other terms and conditions of such Precedent Agreements.