Horizon Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 02/22/2009, Docket: RP09-246-000, Status: Effective

First Revised Sheet No. 195 First Revised Sheet No. 195

Superseding: Original Sheet No. 195

 

GENERAL TERMS AND CONDITIONS

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(c) In the event that a Released Firm Transportation

Agreement covers the remaining term of the Eligible Firm Transportation

Agreement at maximum rates, if applicable, then the Original Shipper may

request in writing that the Original Shippers' rights and obligations

under the Eligible Firm Transportation Agreement shall be prospectively

assigned to, and be assumed by, the Replacement Shipper. Following such

request, Horizon shall send the Original Shipper and Replacement Shipper

an assignment agreement to so provide. In the event that the Original

Shipper and the Replacement Shipper execute such assignment agreement,

the Original Shipper shall be released from all liability under the

Eligible Firm Transportation Agreement arising after such execution

date.

 

15.18 DISCHARGE OF RELEASING SHIPPER IN PERMANENT RELEASES

 

The Releasing Shipper shall remain liable and

responsible for the payment of all reservation charges applicable to the

Agreement unless and until the following conditions have been met, in

which case, the Releasing Shipper shall be discharged from such

obligation:

 

(a) The Capacity Release shall be for the remaining

term of the Agreement;

 

(b) The Replacement Shipper shall agree to pay a rate

equal to or greater than the reservation rate which the Releasing

Shipper paid under the Agreement; and

 

(c) The Replacement Shipper shall meet the creditworthy

standards of the General Terms and Conditions of Horizon's Tariff.

 

15.19 CONVERSIONS BETWEEN MONTHLY AND DAILY RESERVATION RATES

 

For less than maximum rate transactions only, converting

daily rate to monthly rate is accomplished by multiplying the daily rate

times number of days in rate period, dividing the result by number of

months in rate period and taking the remainder out to five (5) decimal

places and rounding up or down to Horizon's specified decimal place.

Converting a monthly rate to a daily rate is accomplished by multiplying

the monthly rate by number of months in rate period, dividing the result

by number of days in rate period and taking the remainder out to five

(5) decimal places and rounding up or down to Horizon's specified

decimal place.