Pipeline System Clause Samples

Pipeline System. Pipeline Company in consideration of the provisions of this PS Agreement and Termination Payment, if any, shall assign all of its rights, title, and interest in and to the Pipeline System to CPC with good title and free from any Encumbrance as on the date falling immediately after the expiration of the Lease Period or earlier on the date on which this PS Agreement stands terminated (“Transfer Date”). Such transfer shall be in accordance with the transfer plan as set put in Schedule [18] (“Transfer Plan”). An Integrity Test shall be initiated by a mutually agreed Independent Inspector at least fifteen (15) months prior to the transfer of the pipeline system, in order to ensure the agreed lifespan of at least forty (40) years of the pipeline system without any fault subject to the clauses of this Agreement and such assessment report shall be completed and submitted to CPC and the Pipeline Company at least twelve (12) months before the transfer of the Pipeline system in accordance with the Transfer Plan as set out in Schedule 18 (Transfer Plan). The cost of Independent Inspector shall be borne equally between CPC and the Pipeline Company. Pipeline Company shall be bound to rectify the defaults identified by the Integrity Assessment within four (04) months from the date of the Assessment report and as such rectification shall be reviewed by the Independent Inspector for clearance. The Pipeline Company shall be bound to rectify the defects of the Pipeline system and endeavor to exercise all reasonable steps to ensure the smooth functioning of the Pipeline System for the Agreed lifespan before the transfer of the Pipeline System, in accordance with the Transfer Plan, Schedule 18. The Pipeline Company shall be entitled for a reasonable extension of time to rectify the defects of the PS , upon agreement by the CPC; the Pipeline Company shall be bound to pay Liquidated Damages (Defects Notification prior to Transfer delay LDs) caused by any excessive delay occurred by the Pipeline Company in rectifying such defects beyond the agreed time at the rate set out as in Clause 5.4 (a) (i) and (ii). If the delay to rectify defects before the transfer is caused by “CPC Delay Events”, the date of transfer shall be postponed by the aggregate of all CPC delay as set out in Clause 5.5. Failure of the Pipeline Company or its successor (if any) shall be held liable for damages after litigation/arbitration proceedings even after the expiration of this Agreement
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Pipeline System the Gas pipelines and other facilities used by Buyer for receiving Seller’s Gas covered by this Agreement.
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Related to Pipeline System

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Interconnection Customer’s Interconnection Facilities The Interconnection Customer shall design, procure, construct, install, own and/or control the Interconnection Customer’s Interconnection Facilities described in Appendix A at its sole expense.

  • Interconnection Facilities 4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the NYISO, and the Connecting Transmission Owner. 4.1.2 The Interconnection Customer shall be responsible for its share of all reasonable expenses, including overheads, associated with (1) owning, operating, maintaining, repairing, and replacing its own Interconnection Facilities, and

  • Delivery Point The delivery point is the point of delivery of the Power Product to the CAISO Controlled Grid (the “Delivery Point”). Seller shall provide and convey to Buyer the Power Product from the Generating Facility at the Delivery Point. Title to and risk of loss related to the Power Product transfer from Seller to Buyer at the Delivery Point.

  • Two-Way Interconnection Trunks 2.4.1 Where the Parties use Two-Way Interconnection Trunks for the exchange of traffic between Verizon and KDL, KDL, at its own expense, shall: 2.4.1.1 provide its own facilities to the technically feasible Point(s) of Interconnection on Verizon’s network in a LATA; and/or 2.4.1.2 obtain transport to the technically feasible Point(s) of Interconnection on Verizon’s network in a LATA (a) from a third party, or, (b) if Verizon offers such transport pursuant to this Agreement or an applicable Verizon Tariff, from Verizon. 2.4.2 Where the Parties use Two-Way Interconnection Trunks for the exchange of traffic between Verizon and KDL, Verizon, at its own expense, shall provide its own facilities to the technically feasible Point(s) of Interconnection on Verizon’s network in a LATA. 2.4.3 Prior to establishing any Two-Way Interconnection Trunks, KDL shall meet with Verizon to conduct a joint planning meeting (“Joint Planning Meeting”). At that Joint Planning Meeting, each Party shall provide to the other Party originating Centium Call Seconds (Hundred Call Seconds) information, and the Parties shall mutually agree on the appropriate initial number of End Office and Tandem Two-Way Interconnection Trunks and the interface specifications at the technically feasible Point(s) of Interconnection on Verizon’s network in a LATA at which the Parties interconnect for the exchange of traffic. Where the Parties have agreed to convert existing One-Way Interconnection Trunks to Two-Way Interconnection Trunks, at the Joint Planning Meeting, the Parties shall also mutually agree on the conversion process and project intervals for conversion of such One- Way Interconnection Trunks to Two-Way Interconnection Trunks. 2.4.4 On a semi-annual basis, KDL shall submit a good faith forecast to Verizon of the number of End Office and Tandem Two-Way Interconnection Trunks that KDL anticipates Verizon will need to provide during the ensuing two (2) year period for the exchange of traffic between KDL and Verizon. KDL’s trunk forecasts shall conform to the Verizon CLEC trunk forecasting guidelines as in effect at that time. 2.4.5 The Parties shall meet (telephonically or in person) from time to time, as needed, to review data on End Office and Tandem Two-Way Interconnection Trunks to determine the need for new trunk groups and to plan any necessary changes in the number of Two-Way Interconnection Trunks. 2.4.6 Two-Way Interconnection Trunks shall have SS7 Common Channel Signaling. The Parties agree to utilize B8ZS and Extended Super Frame (ESF) DS1 facilities, where available. 2.4.7 With respect to End Office Two-Way Interconnection Trunks, both Parties shall use an economic Centium Call Seconds (Hundred Call Seconds) equal to five (5). Either Party may disconnect End Office Two-Way Interconnection Trunks that, based on reasonable engineering criteria and capacity constraints, are not warranted by the actual traffic volume experienced. 2.4.8 Two-Way Interconnection Trunk groups that connect to a Verizon access Tandem shall be engineered using a design blocking objective of ▇▇▇▇-▇▇▇▇▇▇▇▇▇ B.005 during the average time consistent busy hour. Two-Way Interconnection Trunk groups that connect to a Verizon local Tandem shall be engineered using a design blocking objective of ▇▇▇▇-▇▇▇▇▇▇▇▇▇ B.01 during the average time consistent busy hour. Verizon and KDL shall engineer Two-Way Interconnection Trunks using Telcordia Notes on the Networks SR 2275 (formerly known as BOC Notes on the LEC Networks SR-TSV-002275). 2.4.9 The performance standard for final Two-Way Interconnection Trunk groups shall be that no such Interconnection Trunk group will exceed its design blocking objective (B.005 or B.01, as applicable) for three