Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 09/01/1998, Docket: CP96-655-003, Status: Effective

Original Sheet No. 107 Original Sheet No. 107 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 18.6(a) (continued)

 

those set forth in Sections 18.6 (h) and (i) hereof, are

deemed to be non-standard offers and shall require

additional evaluation time. It shall be the sole

responsibility of the RELEASING SHIPPER to post its Offer in

sufficient time to allow the release to occur on the date

offered given the schedule to be applied and any extensions

of that schedule allowed by the RELEASING SHIPPER in its

Offer. A RELEASING SHIPPER shall not be able to specify an

extension of the original bid period or the prearranged deal

match period, without posting a new release.

 

The RELEASING SHIPPER may post its Offer earlier than the day

set forth in the applicable timetable in Appendix E hereto,

thereby extending the bid period for such Offer. If it posts

its Offer early, the RELEASING SHIPPER may alter the bid

deadline and the deadline for removing contingencies by

changing them to an earlier date so long as the interval

between each deadline is no shorter than the intervals set

forth in the applicable timetable in Appendix E hereto. If

the RELEASING SHIPPER allows contingent bids to be submitted,

each bidder submitting a valid, contingent bid must notify

COMPANY by the deadline set forth in the applicable Appendix

E timetable, unless the RELEASING SHIPPER specified another

deadline pursuant to the foregoing procedures, that the

contingency has been removed and that the bid is to remain

eligible for processing. It is provided, however, that the

bidder does not have to notify COMPANY of the removal of the

type of contingency set forth in Section 18.6(f)(11) since

such contingency will be resolved during COMPANY's

determination of the best bids.