Examples of Released Capacity in a sentence
The Parties shall keep the terms and provisions of this Agreement strictly confidential and shall not disclose them, in whole or in part, provided that the Parties may disclose to El Paso the fact that they have entered into an agreement to acquire the Permanently Released Capacity, for purposes of satisfying El Paso's creditworthiness requirements and obtaining El Paso's consent to the assignment of the Permanently Released Capacity.
Xxxxx agrees to satisfy any requirements of El Paso and execute any and all documents as may be reasonably necessary to effectuate the permanent release of the Permanently Released Capacity such that El Paso (i) agrees to look solely to Xxxxx for all obligations with respect to the Permanently Released Capacity and (ii) releases ENA from all obligations for demand/reservation charges, and all other charges related to the Permanently Released Capacity.
Xxxxx acknowledges and agrees that El Paso’s capacity allocation procedures are under review by the Federal Energy Regulatory Commission (“FERC”) and the Permanently Released Capacity as specified herein will be bound by any modifications resulting from any FERC proceedings related to such capacity allocation procedures.
All rights of first refusal held by ENA for the Permanently Released Capacity, if any, shall be assigned by ENA to Xxxxx under the Original El Paso Release.
O&R shall not be liable to Qualified Seller and/or its Agent in any way for interruptions of service by the Pipelines, but represents that the Released Capacity will be firm, primary delivery point capacity or will be part of a path of firm, primary delivery point capacity to O&R’s Citygate.