Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-443-000, Status: Effective

Third Revised Sheet No. 107 Third Revised Sheet No. 107 : Effective

Superseding: Second Revised Sheet No. 107

 

 

GENERAL TERMS AND CONDITIONS

 

Transporter and the first ACQUIRING

SHIPPER no later than 2:30 p.m. on

the day that Intraday 2 Nominations

are due;

 

(b) Transporter should provide

notification of such recall to all

affected ACQUIRING SHIPPERS no later

than 3:30 p.m. on the day that

Intraday 2 Nominations are due

(Central Clock Time).

 

(c) The recall notification provided to Transporter should be

expressed in terms of the total released capacity entitlement

that is the subject of the recall.

 

(d) In the event of an intra-day capacity recall, Transporter

will determine the allocation of capacity between the RELEASING

SHIPPER and the ACQUIRING SHIPPER(s) based upon the Elapsed

Prorata Capacity (EPC). Elapsed Prorata Capacity means that

portion of the capacity that would have theoretically been

available for use prior to the effective time of the intraday

recall based upon a cumulative uniform hourly use of the

capacity.

 

(e) Transporter has the right to rely on a RELEASING

SHIPPER'S notice and a RELEASING SHIPPER shall

defend and indemnify Transporter against any

claims, losses, liabilities or expenses resulting

from claims by any ACQUIRING SHIPPER that it was

not notified or that firm capacity was not

recalled in accordance with the recall rights

specified by the RELEASING SHIPPER in its Offer.

 

(f) If recall is subject to reput and time remains in the term

for which the firm capacity was temporarily released, the

capacity shall revert back to the last ACQUIRING SHIPPER either

on the date previously specified in the Offer or upon notice

given by the RELEASING SHIPPER by 8:00 a.m. CCT on nomination day