Capacity Release. ▇▇▇▇▇ agrees to enter into a prearranged capacity release transaction (with right to match) with ENA to permanently release from ENA to ▇▇▇▇▇ a total of 30,000 MMBtu per day of capacity currently held by ENA under the El Paso FT Agreement (the total 30,000 MMBtu per day of El Paso capacity referred to as the “Permanently Released Capacity”). The capacity release from ENA to ▇▇▇▇▇ described in the preceding sentence shall hereinafter be referred to as the “Original El Paso Release”. ▇▇▇▇▇ 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 ▇▇▇▇▇ 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.
Appears in 3 contracts
Sources: Capacity Assignment and Release Agreement, Capacity Assignment and Release Agreement, Capacity Assignment and Release Agreement