Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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

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

Superseding: Fourth Revised Sheet No. 60A

GENERAL TERMS AND CONDITIONS

1. DEFINITIONS (cont'd)

(ac) The term "Negotiated Rate Formula" shall mean a rate formula

provision under which Transporter and Shipper have agreed will be

applied to 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 discount rate or a rate pursuant to a Negotiated

Rate Formula.

(ad) The term "New Facilities" shall mean those facilities on

Transporter's System which were not included in the certificate

filing in Docket CP96-307-000 or Docket No. CP96-307-002 which are

necessary in order for Transporter to provide the transportation

service(s) that a Shipper requests by use of the Service Request

Form (for example, a new, additional Receipt and/or Delivery

Point).

(ae) The term "Nomination Period" shall mean a period of time a

customer includes in a nomination for gas services.

(af) The term "Operational Balancing Agreement" or "OBA" shall mean a

contract between two parties which specifies the procedures to

manage operating variances at an interconnect.

(ag) The term "Operational Flow Order" or "OFO" shall mean an order

issued to alleviate conditions, inter alia, which threaten or

could threaten the safe operations or system integrity, of the

Transportation Service Provider's system or to maintain operations

required to provide efficient and reliable firm service. Whenever

a Transportation Service Provider experiences these conditions,

any pertinent order should be referred to as an Operational Flow

Order.

(ah) The term "Pooling" shall mean (a) the aggregation of gas from

multiple physical and/or logical points to a single or physical or

logical point, and/or (b) the dis-aggregation of gas from a single

physical or logical point to multiple physical and/or logical

points.