Liberty Gas Storage, LLC
Original Volume No. 1
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Effective Date: 04/15/2007, Docket: RP07-357-000, Status: Effective
Original Sheet No. 28 Original Sheet No. 28 : Effective
SFS RATE SCHEDULE SECONDARY FIRM STORAGE SERVICE
(Continued)
8. EXPIRATION OF TERM
At least ten (10) Business Days prior to the end of the primary term or any
renewed term of the Customer's Secondary Firm Storage Service Agreement,
Liberty shall notify Customer to withdraw all of the SFS Gas quantities held in
storage by Liberty for the account of Customer. Liberty's notice to Customer
may be given orally, but shall be confirmed in writing via e-mail or facsimile
to the Customer. Before the end of the contract term, Customer must either
physically withdraw the Gas or indicate to Liberty in writing that it desires
to have Liberty cash out the Gas on mutually agreeable terms. If, by midnight
on the last Day of the contract term, the Customer neither has withdrawn the
Gas or indicated in writing to Liberty that it desires to exercise the cash out
option, then Liberty may take, free and clear of any adverse claims, title to
such SFS storage quantities as Customer was required to withdraw or cash out;
provided, however, that if Customer was unable to withdraw its SFS Gas
quantities due to an interruption of Customer's withdrawal service during the
last ten Days before termination, Customer shall be allowed to withdraw its Gas
within a reasonable period following the end of the contract term.
In the event that Liberty retains and takes title to any of Customer's Gas
pursuant to this Section, Liberty shall dispose of such Gas by auction and
shall credit the net proceeds received from such auction in accordance with the
provisions of Section 33 of the General Terms and Conditions of this FERC Gas
Tariff.
9. GENERAL TERMS AND CONDITIONS
Applicable provisions of the General Terms and Conditions of this FERC Gas
Tariff, as such provisions may be amended from time to time, are hereby
incorporated by reference and made a part of this SFS Rate Schedule, where
applicable, and shall supplement the terms and conditions governing service
rendered hereunder, as though stated herein; provided, however, that in the
event of any inconsistency, the terms of this SFS Rate Schedule shall control.