Date Requested: Mar 28 2024 5:10 AM
Offer Number: 32 |
Comment Type | Comment Text |
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RAPP Terms | Conditional right to amend primary points. |
Terms/Notes - AMA | This capacity is released pursuant to an asset management arrangement ("AMA") between Riverbend Oil & Gas VIII LLC ("Releasing Shipper"), and Wells Fargo Commodities, LLC ("Asset Manager"). Asset Manager will acquire 125,000 Dth/day of Releasing Shipper's capacity for the period from November 1, 2018 through December 31, 2020 Subject to the terms of the AMA, Asset Manager is required to receive natural gas from Releasing Shipper in an amount up to one hundred percent (100%) of the released capacity on any day during the term of the release. |
Recall/Reput Terms | The Released Capacity shall be recallable by Seller (Releaser), on written notice to Wells Fargo, at any time upon the mutual written agreement of the Parties; provided that Seller (Releaser) shall be responsible for any and all Pipeline-required postings associated with such recall; provided further that if an Early Termination Date in respect of the NAESB or this Transaction has occurred or this Transaction has been rejected in bankruptcy, the Released Capacity shall be automatically recalled. Wells Fargo shall have no obligation nor liability to pay Demand Charges or Commodity Charges related to the Released Capacity to Pipeline (nor any obligation or liability to reimburse Seller (Releaser) for such Demand Charge or Commodity Charges) arising or incurred while Released Capacity has been recalled by Seller (Releaser). |