Garden Banks Gas Pipeline, LLC
Original Volume No. 1
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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.