Pipeline Records definition
Examples of Pipeline Records in a sentence
The Parties agree that the provision by Vendors of a Pipeline Engineering Assessment completed by Vendors shall be an acceptable substitute in lieu of the rectification of any deficiency in the Pipeline Records, in order for both Parties to make the declarations required to comply with the regulatory requirements to transfer the Operated Pipeline licences pursuant to the Pipeline Rules.
Prior to Closing, Vendor shall make the Pipeline Records available to Purchaser for Purchaser’s review and assessment.
Until such time as the rectification of the subject Pipeline Records is complete, at which time the relevant Permit shall be transferred to Purchaser, the pipeline license in respect of the subject pipeline to which the deficient Pipeline Records relate shall be held by Vendor on behalf of Purchaser in accordance with and subject to the provisions of Section 8.3.
Any Pipeline Records which are the subject of an Ovintiv Deficiency Notice shall be deemed to be “Deficient Pipeline Records”.
Ovintiv shall be entitled to, acting reasonably, provide one or more written notices to Paramount specifying: (i) any Pipeline Records that are materially deficient and not in compliance with the Pipeline Regulations; (ii) the nature of the deficiency and non-compliance; and (iii) the pipeline licence(s) to which such Pipeline Records relate (each an “Ovintiv Deficiency Notice”).
BTG Energy is of the opinion, acting reasonably, that none of the Pipeline Records are deficient such that they do not comply with the requirements of the Pipeline Rules (Alberta) and CSA Z662, Oil and Gas Pipeline Systems to an extent that BTG Energy and Captus GP are unable to make such declarations as are required to comply with the AER’s certification requirements for transfer of pipeline licenses.
BTG Energy shall deliver to Captus GP prior to the Closing Time all available Pipeline Records.
Vendor shall deliver to Purchaser at or prior to the Closing Time all available Pipeline Records.
In the event that any of the Pipeline Records are deficient such that they do not comply with the requirements of the Pipeline Rules (Alberta) and CSA Z662, Oil and Gas Pipeline Systems to an extent that it is unable to make such declarations as are required to comply with the AER’s certification requirements for transfer of pipeline licenses, the Parties shall meet to determine such steps as may be reasonably required to rectify such deficiencies.
Vendor shall deliver to Purchaser at or prior to Closing all available Pipeline Records.