Precedent Agreements definition
Examples of Precedent Agreements in a sentence
Promptly following [***], but in no event later than [***] ([***]) Business Days following the end of such binding open season, each Founding Shipper shall enter into Precedent Agreements for the firm commitment shipping capacity [***].
To the extent that the Company is found to have acted reasonably and prudently in incurring costs associated with the Precedent Agreements, such costs will be recoverable through the Company’s rates.
In light of the Company’s assessment of its supply needs, options available in the market, and regional supply constraints, the Settling Parties agree that the relatively modest commitment of 10,000 dth / day as reflected in the Precedent Agreements and associated firm transportation agreements is reasonable.
The Settling Parties agree that recovery of costs associated with the Precedent Agreements, other than pre-service and cancellation costs covered in 3 above, will be addressed through the Company’s annual Cost of Gas filings.
You acknowledge that ISXPay may pay amounts to other third parties for referring you to ISXPay.
Anchor Shippers are shippers that have made long-term capacity commitments through all three Segments of the Project, as well as on the Entrega Projects prior to the conclusion of the Open Season, by the execution of Precedent Agreements which contain binding commitments, (together with such commitments to the Project that are made by such shipper’s affiliates) equal to or exceeding 200,000 Dth/day on the Entrega Projects and all three Certificate Segments of the Project.
The Company shall inform the Commission of regulatory approvals related to the projects and/or material changes in actual and projected costs Northern would be responsible for under the terms of the Precedent Agreements.
It is expressly understood and agreed that the Anchor Shipper status is not transferable to a successor Shipper except in the limited circumstance where all of Shipper’s Precedent Agreements or FTSAs and that of its affiliates, as applicable, are assigned or released, as applicable, at the same time to a single successor shipper.
The Settling Parties agree that Northern will monitor and evaluate the prudency of continuing with or terminating any or all of the Precedent Agreements at certain decision points outlined in the Company’s response to Staff Data Requests 4-2 and 4-3, or in light of any new 4 The various transportation agreements are labeled as follows in the precedent agreements: Gas Transportation Contract for PNGTS, Firm Transportation Service Contract for TransCanada, and M12 Transportation Contract for Enbridge.
On behalf of the Company, market the Company's services, including, but not limited to, conducting open seasons for new services, receiving and responding to requests for new services or changes in existing services, the negotiation, execution and administration of Precedent Agreements and Service Agreements in accordance with FERC's policies, rules and Orders and the Company's FERC Gas Tariff, and the preparation and collection of all bills to the Customers for services rendered thereunder.