NMPC definition
Examples of NMPC in a sentence
Transco and NMPC Reimbursement Agreement - December 2020 EXECUTION VERSION SERVICE AGREEMENT NO.
The Requesting Party shall provide to NMPC conformed copies of all necessary real property interests not prepared by, or directly for, or issued to NMPC.
Title shall be determined satisfactory by the NMPC real estate attorney in his or her sole discretion.
NMPC will advise the Requesting Party if there will be any additional right-of-way requirements.
Title requirements of NMPC shall be of a reasonable nature and consistent with legally sound title practice in the applicable jurisdiction.
To the extent legally permissible, NMPC reserves the right to refuse the use of condemnation by the Requesting Party (if the Requesting Party has the legal authority to commence and conduct an eminent domain proceeding), or by itself, in its sole discretion.
NMPC shall concur with respect to any temporary roads being acquired versus permanent roads.
At the time of the transfer of such interests to NMPC, the Requesting Party shall provide a title insurance policy naming NMPC as the insured covering the real property interests, in fee or easement, that are to be transferred to NMPC.
This information may be transmitted by NMPC to Federal, State or local governmental authorities, as required by law.
The Requesting Party shall be required to provide NMPC with a title insurance commitment with a complete title report issued by a reputable and independent title insurance company for any real property rights in fee or easement that are to be transferred to NMPC.