Destin Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 06/01/2000, Docket: RP00-268-000, Status: Effective
First Revised Sheet No. 253 First Revised Sheet No. 253 : Effective
Superseding: Original Sheet No. 253
FORM OF RESERVE COMMITMENT AGREEMENT
(Continued)
ARTICLE VII
NONRECOURSE OBLIGATIONS
Shipper acknowledges and agrees that (a) Company is a Delaware
limited liability company; (b) Shipper 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) Shipper 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.
ARTICLE VIII
MISCELLANEOUS
The laws of the State of Texas (excluding choice of law
provisions) shall govern the validity, construction,
interpretation, and effect of this Agreement.
IN WITNESS WHEREOF, the Parties hereto have caused this
Agreement to be duly executed as of the date first hereinabove
written.
SHIPPER Destin Pipeline Company,
L.L.C.
By:__________________________________
By:______________________________
Title:__________________________________
Title:___________________________
Date:__________________________________
Date:____________________________