Gulfstream Natural Gas System, L.L.C.
Original Volume No. 1
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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective
Original Sheet No. 44 Original Sheet No. 44 : Effective
RATE SCHEDULE PALS
Parking and Lending Service
(CONTINUED)
(a) In the event that the specified time for removal
or return of Gas quantities is the next Day, the
time frame for required removal or return shall
begin from the time that Shipper receives notice
from Transporter. Notices provided after business
hours for the next Day will be provided to Shipper
via Electronic Communication. In the event that
Shipper makes a timely and valid nomination in
response to notification by Transporter to remove
parked quantities and/or return loaned quantities,
Shipper shall be deemed to have complied with
Transporter's notification; and
(b) Unless otherwise agreed by Shipper and
Transporter: (i) any parked quantity not nominated
for removal within a time frame specified by
Transporter's notice shall become the property of
Transporter at no cost to Transporter free and
clear of any adverse claims; (ii) any loaned
quantity not returned within the time frame
specified by Transporter's notice shall be sold to
Shipper at Transporter's Cashout Price at the >25%
Imbalance level for Imbalances Due Transporter,
pursuant to Section 8.7(b) of the General Terms
and Conditions.
Any penalty revenues received by Transporter as a result of
the operation of Section 4.1(b) above will be credited
pursuant to Section 24.1(a) of the General Terms and
Conditions.