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.