Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 12/01/1997, Docket: CP96-790-003, Status: Effective

Original Sheet No. 197 Original Sheet No. 197 : Effective

 

GENERAL TERMS AND CONDITIONS

 

 

24. PREGRANTED ABANDONMENT OF FIRM SERVICE AGREEMENTS con't

 

(b) In the event Transporter does not receive any

bids for Shipper's capacity or any bids which are

acceptable to Transporter, Shipper shall have the

right to retain its firm capacity at the maximum

rate applicable thereto, or any discounted rate

agreed to by Transporter, for an additional term

as requested by Shipper. If Shipper refuses to

renew its Service Agreement at the maximum rate,

absent an agreement by Transporter to discount,

said Service Agreement shall be subject to

pregranted abandonment on the effective date of

termination.

 

(c) If Shipper gives notice to terminate its Service

Agreement pursuant to the provisions contained

therein, said Agreement shall be subject to

pregranted abandonment on the effective date of

Shipper's termination notice.