Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/10/2010, Docket: RP10-594-000, Status: Effective

Fifth Revised Sheet No. 60 Fifth Revised Sheet No. 60

Superseding: Fourth Revised Sheet No. 60

 

GENERAL TERMS AND CONDITIONS

 

(v) The term "Mcf" shall mean 1,000 cubic feet of gas.

 

(w) The term "Maximum Daily Delivery Quantity" (MDDQ) shall mean the

maximum daily quantity of gas in Mcf that Transporter agrees to

deliver to or for the account of Shipper at each Delivery Point on

each day during the term of Shipper's Transportation Service

Agreement, as set forth on Exhibit "A" to the Transportation

Service Agreement.

 

(x) The term "Maximum Daily Receipt Quantity" (MDRQ) shall mean the

maximum daily quantity of gas in Mcf that Transporter agrees to

receive from or for the account of Shipper at each Receipt Point

on each day during the term of Shipper's Transportation Service

Agreement, as set forth on Exhibit "A" to the Transportation

Service Agreement.

 

(y) The term "month" shall mean the period beginning at 9:00 a.m. CCT

on the first day of the calendar month and ending 9:00 a.m. CCT on

the first day of the next succeeding calendar month.

 

(z) The term "Monthly Allocation" is the term used to describe the

process where the Allocating Party performs the allocation process

at the end of the monthly flow period.

 

(aa) The term "natural gas" or "gas" shall mean any mixture of

hydrocarbons consisting essentially of methane, other

hydrocarbons, and noncombustible gases in a gaseous state which is

extracted from the subsurface of the earth in its natural state

separately and together with liquid hydrocarbons, meeting the

quality specifications set forth in Section 2 hereof.

 

(ab) The term "Negotiated Rate(s)" shall mean a rate provision under

which Transporter and Shipper have agreed on the amount to be

charged for the service under Rate Schedule FT-1, FT-2 or IT-1

which results in a rate (including but not limited to lost-and-

unaccounted-for gas) where, for all or a portion of the contract

term, one or more of the individual components of such rate

exceeds or may exceed the applicable maximum rate or is less than

or may be less than the applicable minimum rate (including but not

limited to in the form of surcharges, credits, refunds or return

of credits or refunds). Any Transportation Service Agreement

entered into after the effective date of this subsection which

provides for a rate under Rate Schedule FT-1, FT-2 or IT-1 other

than the applicable maximum rate shall contain a provision setting

out the mutual agreement of the parties as to whether the pricing

terms represent a discounted rate or a Negotiated Rate.