Planned CDP definition
Examples of Planned CDP in a sentence
Each Connection Notice shall set forth the target completion date for drilling and completion of the initial Well to produce through such Planned CDP (the “Target Completion Date”).
Such Connection Notices shall be deemed to have been given for each such Planned CDP on the Effective Date.
Gatherer shall provide Producer notice promptly upon Gatherer’s becoming aware of any reason to believe that it may not be able to connect a Planned CDP to the Gathering System by the Completion Deadline therefor or to otherwise complete all facilities necessary to provide the full scope of the Services with respect to all Dedicated Saltwater produced through such Planned CDP by the Completion Deadline therefor.
Gatherer shall provide Producer and Shipper notice promptly upon Gatherer’s becoming aware of any reason to believe that it may not be able to connect a Planned CDP to the Gathering System by the Completion Deadline therefor or to otherwise complete all facilities necessary to provide the full scope of the Services with respect to all Dedicated Crude Oil produced through such Planned CDP by the Completion Deadline therefor.
The Completion Deadline for each such Planned CDP shall be July 1, 2020.
Gatherer shall provide Producer and Shipper notice promptly upon Gatherer’s becoming aware of any reason to believe that it may not be able to connect a Planned CDP to the Gathering System by the Completion Deadline therefor or to otherwise complete all facilities necessary to provide the full scope of the Services with respect to all Dedicated Gas produced through such Planned CDP by the Completion Deadline therefor.
Each Connection Notice shall set forth the target date for the initial utilization of Freshwater at such Planned CDP (the “Target Completion Date”).
If Gatherer delivers the notice referred to in Section 3.3(c)(ii) with respect to a Connection Notice for a Planned CDP, Producer may, by notice to Gatherer, accept Gatherer’s proposed fee, in which case such Planned CDP shall be deemed a Required Connection CDP from and after the date of Producer’s notice, and the fee proposed in Gatherer’s notice shall be charged for Dedicated Saltwater delivered to the Receipt Point at such Planned CDP in lieu of the Gathering Fee.
If the Parties do not reach agreement within such 30-Day period, Producer may, at its option by notice to Seller, (i) withdraw the Connection Notice with respect to such Planned CDP, in which case at Producer’s option, the entire DSU or any portion thereof associated with the ▇▇▇▇▇ connected to such CDP shall be released from the commitment made by Producer under this Agreement.
If the Parties agree in writing on such fee, such Planned CDP shall be deemed a Required Connection CDP from and after the date of such agreement, and the fee agreed by the Parties shall be charged for Freshwater delivered to the Delivery Point at such Planned CDP in lieu of the Fees.