Destin Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 01/14/2005, Docket: RP05-123-000, Status: Effective
First Revised Sheet No. 153 First Revised Sheet No. 153 : Effective
Superseding: Original Sheet No. 153
GENERAL TERMS AND CONDITIONS
Pooler acknowledges and agrees that (a) Company is a
Delaware limited liability company; (b) Pooler shall have
no recourse against any member of Company with respect to
Company's obligations under this agreement and its sole
recourse shall be against the assets of Company,
irrespective of any failure to comply with applicable law or
any provision of this Agreement; (c) no claim shall be made
against any member of Company under or in connection with
this Agreement; (d) Pooler shall have no right of
subrogation to any claim of Company for any Capital
Contribution from any member of Company; and (e) this
representation is made expressly for the benefit of the
members in Company.
8.1 No waiver by Company or Pooler of any default of either
party under this Agreement shall operate as a waiver of any
subsequent default whether of a like or different character.
8.2 The laws of the State of Texas (excluding choice of law
provisions) shall govern the validity, construction,
interpretation and effect of this Agreement.
8.3 Exhibits I and II are attached hereto and incorporated
8.4 No modification of or supplement to the terms and provisions
hereof shall become effective except by execution of a
supplementary written agreement between the parties.