Destin Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 10/01/2003, Docket: RP03-592-000, Status: Effective
First Revised Sheet No. 150 First Revised Sheet No. 150 : Effective
Superseding: Original Sheet No. 150
GENERAL TERMS AND CONDITIONS
APPENDIX C
(Continued)
2.6 In the event there is a capacity constraint at a Delivery
Point, Pooler's nominations at such constrained Delivery
Point shall be allocated on a pro rata basis with
nominations under IT Service Agreements at said Point,
except to the extent that the Pooling Agreement has been
assigned the Delivery Point on a firm basis by a firm
shipper. Any nomination by a Pooler at an assigned firm
Delivery Point shall be allocated on a firm basis pro rata
with other nominations at primary Exhibit B Delivery Points
under an FT-1 or FT-2 Service Agreement.
2.7 Pooler shall exercise due diligence in monitoring the supply
serving its Pool and shall notify Company promptly of any
variations it discovers in its supplies.
ARTICLE III
CREDITWORTHINESS
3.1 If at any time Pooler is or becomes insolvent or fails to
demonstrate creditworthiness, Pooler must provide Company
one of the following forms of credit to enter into or
maintain in effect this Agreement: (a) a security deposit
or other good and sufficient surety, as determined by
Company in its reasonable discretion, in an amount equal to
the maximum interruptible transportation rate multiplied by
Pooler's average Pool nominations for a three (3) month
period; or (b) a guarantee from a creditworthy party that
said creditworthy party will be responsible for payment of
all charges or penalties assessed by Company but not paid by
Pooler hereunder.
ARTICLE IV
NOTICES
4.1 Except as provided in Section 6.1 herein, notices hereunder
shall be given pursuant to the provisions of Section 16 of
the General Terms and Condition