Harris Texas Facilities Sale Agreement for Plant and Pipeline is a legal document that outlines the terms and conditions for the sale of industrial facilities, including plants and pipelines located in Harris County, Texas. This agreement serves as a binding contract between the buyer and the seller, ensuring that both parties are aware of their respective rights, responsibilities, and obligations. The Harris Texas Facilities Sale Agreement includes various key elements and provisions to provide a thorough understanding of the transaction. It typically covers details such as the purchase price, payment terms, property description, closing conditions, representations and warranties, indemnification clauses, and dispute resolution mechanisms. Moreover, to better cater to specific needs, there may be several types or variations of the Harris Texas Facilities Sale Agreement for Plant and Pipeline. These may include: 1. Asset Purchase Agreement: This agreement involves the transfer of specific assets related to the facilities, such as production equipment, machinery, and physical infrastructure. 2. Stock Purchase Agreement: This type of agreement focuses on the acquisition of shares or ownership interests of a company that owns the facilities. It entails the transfer of ownership, responsibility, and liabilities associated with the plant and pipeline. 3. Pipeline Easement Agreement: This agreement grants an easement or right-of-way for the pipeline to pass through the seller's property. It includes terms related to maintenance, access, compensation, and liability allocation. 4. Joint Venture Agreement: In situations where multiple parties wish to collaborate on the operation, maintenance, or development of the facilities, a joint venture agreement may be established. This agreement specifies the rights, responsibilities, and profit-sharing mechanisms between the parties involved. Overall, the Harris Texas Facilities Sale Agreement for Plant and Pipeline plays a pivotal role in facilitating seamless transactions, mitigating risks, and ensuring compliance with relevant laws and regulations. It serves as a comprehensive legal tool that safeguards the interests of both buyers and sellers throughout the process of purchasing, transferring, or operating industrial facilities in Harris County, Texas.
Harris Texas Facilities Sale Agreement for Plant and Pipeline
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Table Definitions, Sources, and Explanatory Notes. A futures contract specifying the earliest delivery date. Natural gas contracts expire three business days prior to the first calendar day of the delivery month. Thus, the delivery month for Contract 1 is the calendar month following the trade date.
A fuel contract is a type of futures contract that helps you to avoid the risk of fluctuating fuel prices. When you enter into a fuel contract with a wholesale provider, you agree to buy a specified amount of fuel from this provider.
Fuel Supplies means the coal, oil, natural gas and other fuels that generation facilities consume to produce electricity and the transportation and transmission services used to deliver those fuels.
Natural gas futures contract specifications Exchange, Product Name, Product CodeNew York Mercantile Exchange (NYMEX), Henry Hub Natural Gas Futures, NGContract Size10,000 mmBtuMinimum Tick Size and Value0.001, worth $10.00 per contract.2 more rows
An agreement by which a seller promises to supply all of the specified goods or services that a buyer needs over a certain time and at a fixed price, and the buyer agrees to purchase such goods or services exclusively from the seller during that time.
The wholesale provider agrees to provide you with fuel at a specified volume and price. A typical fuel contract determines a set price per gallon for the amount of time agreed upon by both parties. Fuel prices may fluctuate during that time, but the price you pay stays the same due to the fuel contract in place.
Fuel Supply Agreement (FSA) means the agreement or agreements to be entered into by and between the Fuel Supplier and the Company for the supply of liquid fuel to the Facility.
Energy Contract means any agreement for the purchase or sale of electrical energy or any related attributes, including but not limited to capacity, resource adequacy, transmission or congestion rights, demand response products, or environmental attributes.
Gas Contract means any contract, agreement or other obligation of any of the Company, Manta Ray or Nautilus to purchase fuel gas, buy or sell linepack gas or transport, exchange, gather, process or otherwise handle natural gas.
A product supply agreement establishes the terms on which a seller will supply products to a buyer. The agreement must be clearly written to ensure that products will reach the hands of the consumers quickly and with little complication.
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The two-year agreements set up three-way interconnection through which the utilities must purchase energy from these two entities. Source: “Pipeline Construction,” American Petroleum Institute. January 2008. The Interconnection Agreement is the first in a 2.5 billion energy interconnection program between the companies. Interconnection Agreement for Electricity (IECA) between Southern California Edison Company and National Grid and for Transmission and Distribution of Electricity between Evelyn Corporation, Southern California Edison Company and Southern California Public Power Authority. The interconnection program provides natural gas from Southern California Edison generation to provide electricity to customers in the San Fernando Valley and parts of Los Angeles. IECA is a long-term relationship through which all parties will remain committed for up to 80 years and have the power to terminate the agreement at any time. (See also, IECA-7 and IECA-8.
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