NITCO definition
Examples of NITCO in a sentence
For the Natural Gas Service rendered during the first five (5) years of the Term, SDI shall pay to NITCO a monthly service fee of twenty cents per dekatherm ($.20/Dth) less any amounts paid directly by SDI under the Crossroads and NIFL Agreements for the billing month, on a per dekatherm basis, for all quantities of SDI's gas delivered by NIFL to the SDI Facility.
Each month SDI shall issue and send to NITCO payment of these invoices on SDI's "25th of the month check run" for the prior month's service.
At the expiration of this term, this Agreement may automatically renew or may carry forward on a month-to-month basis unless it is terminated by You or NITCO by giving proper notice as described in this Agreement.
In the event of a Failure of Performance, NITCO shall use its reasonable efforts to correct such failure as soon as reasonably practicable after NITCO is notified of such failure.
NITCO accepts no responsibility if you fail to receive invoices, communications, or other notices due to your failure to timely notify NITCO of a change in address.
This paragraph shall not apply to gas redelivered by NIFL to SDI, where NITCO or an affiliate took title as agent for or otherwise on behalf of SDI.
In such a case, NITCO may terminate this Agreement by giving You ten (10) days prior written notice of its intent to terminate if You do not remedy the default.
This Agreement constitutes the entire understanding of NIFL, Crossroads and NITCO and SDI with respect to the subject matter hereof and supersedes any and all prior oral and written agreements.
All notices from NITCO to You shall be delivered in writing to You at the address where Service is provided or any mailing or email address to which You have directed NITCO to deliver invoices or other communications.
You may terminate this Agreement by submitting a written request for termination (via fax or U.S. Mail) to NITCO at the address listed in this Agreement.