Garden Banks Gas Pipeline, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/16/1997, Docket: CP96-678-001, Status: Effective

Original Sheet No. 286 Original Sheet No. 286 : Effective

 

FORM OF RESERVE COMMITMENT AGREEMENT

 

 

(b) Shipper shall be released from its obligations under

Section 2.1 with respect to any quantities of Shipper's

production from the Committed Block(s) up to the MDQ

under Shipper's existing FT-1 or FT-2 Transportation

Service Agreement(s) that Transporter is unable to accept

for transportation (referred to herein as "Transporter

Inability"). In the event of Transporter Inability,

Shipper shall be released from its obligations under

Section 2.1 with respect to the Impacted Quantities (as

defined in subsection 2.4(c)) pursuant to the provisions

of subsection 2.4(d).

 

(c) For purposes of Sections 2.4 and 2.5, Impacted Quantities

shall mean those quantities of Shipper's production from

the Committed Block(s) in excess of the combined

quantities that Transporter could transport for Shipper,

on a firm or interruptible basis. The Impacted

Quantities shall be deemed to be the last quantities

produced, so that any release under Section 2.4 or 2.5 is

applicable only to the daily production quantity in

excess of the quantity that Transporter is able to accept

into Transporter's Facility on a given day.

 

(d) Shipper and Transporter shall discuss the cause and

anticipated duration of any Transporter Inability or

Excess Deliverability. Shipper will limit any commitment

it makes to third parties to deliver the Impacted

Quantities released under this Section 2.4 for a period

to coincide with the anticipated duration of the

Transporter Inability or Excess Deliverability; provided

that in no event will the Impacted Quantities be returned

for transportation under an FT-1, FT-2 or IT-1

Transportation Service Agreement later than the first day

of the calendar month following thirty (30) days after

receipt by Shipper of Transporter's notice that it is

able to accept the Impacted Quantities tendered by

Shipper.