What is an asset management agreement natural gas?

AMAs are contractual relationships in which an asset manager agrees to manage another party's gas supply and delivery arrangements, including its pipeline capacity.

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Precedent Agreement for Firm Natural Gas Storage Service

Pima Arizona Precedent Agreement for Firm Natural Gas Storage Service

Name: Pima Arizona Precedent Agreement for Firm Natural Gas Storage Service
Brand: US Legal Forms
Rating: 4.72 (328 reviews)

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

County:

Pima

Control #:

US-OG-1089

Format:

Instant download

Description

This form is a precedent agreement for a firm national gas storage service.

How to fill out Pima Arizona Precedent Agreement For Firm Natural Gas Storage Service?

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FAQ

AMAs are contractual relationships in which an asset manager agrees to manage another party's gas supply and delivery arrangements, including its pipeline capacity.

Precedent Agreement means a binding agreement between Company and a Prospective Shipper for the provision of the transportation service requested, subject to fulfillment of conditions precedent as agreed to between Prospective Shipper and Company.

A condition precedent is an explicit or implicit clause within a contract that says the other party must accomplish its duty before the contract can move forward.

In a contract, a condition precedent is an event that must occur before the parties are obligated to perform. For example, an insurance contract may require the insurer to pay to rebuild the customer's home if it is destroyed by fire during the policy period. The fire is a condition precedent.

Second, increasingly, precedent agreements are between entities under the same corporate umbrella and where one subsidiary company (e.g., the shipper that may own a power plant or provide local gas distribution service) agrees to buy capacity on a pipeline proposed by its sister company.

Firm Transportation Agreement means a Transportation Agreement (including this Agreement) which provides for transportation services on a firm basis, including the parts of this Agreement relating to the Firm Service and, if the Details state that the Parking Service is a firm service, the Parking Service.

A condition precedent is a condition of a contract which must be fulfilled for either the contract to be valid or certain contractual obligations to come into effect.

Pipeline Agreements means leases, subleases, licenses, permits, franchises, assignments, easements, rights-of-way and other agreements used in the operation of or otherwise necessary to operate the Pipeline.

An asset management agreement is a real estate agreement that determines the rights and obligations of both parties, typically a property owner and a property management company. The property owner is entering into a deal with a property management company to manage the property on its behalf.

More info

Market as interruptible and firm natural gas storage, hub, and wheeling services. Tres. Arizona Session Law references in a chapter can be found at the.Use of Storage to Provide Flexible Pipeline Services . Final investment decision for the first natural gas liquefaction project in the country, which will be jointly developed with Sempra LNG and a subsidiary of. Market as interruptible and firm natural gas storage, hub, and wheeling services. Tres. Arizona Session Law references in a chapter can be found at the. Use of Storage to Provide Flexible Pipeline Services . Final investment decision for the first natural gas liquefaction project in the country, which will be jointly developed with Sempra LNG and a subsidiary of.

Pima Arizona Precedent Agreement for Firm Natural Gas Storage Service

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