RIPET definition
Examples of RIPET in a sentence
Buyer agrees to pay Seller, as a contribution in aid of construction, any reasonable amounts by which Seller’s actual costs of constructing the new pipeline facilities required by Seller for the purpose of providing Service to Buyer at RIPET hereunder exceed $4.5 million (the “Contribution to Costs”).
Prior to the Commencement Date, Seller may upon request from Buyer provide Service when there is Gas available from Seller’s pipeline system at the Delivery Point, and Buyer shall purchase Gas if so requested and provided by Seller, for the commissioning of RIPET based on actual volumes of Gas sold and transported at the rates set forth in Schedule “B”.