Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/16/2002, Docket: RP03- 26-001, Status: Effective

Sub First Revised Sheet No. 190 Sub First Revised Sheet No. 190 : Effective

Superseding: Original Sheet No. 190

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

(d) The Replacement Shipper meets all of the credit

worthiness requirements contained in Section 28 of

the General Terms and Conditions of Transporter's

Tariff.

 

26.6 Transporter's Rights to suspend and/or Terminate Temporary

Capacity Release Transactions.

 

(a) In the event of a temporary release for which: (i)

the Releasing Shipper no longer maintains

creditworthiness as outlined in Section 28 of

Transporter's General Terms and Conditions and

Transporter has terminated Releasing Shipper's

Service Agreement; and(ii) the reservation charge

specified in the applicable Award Notice is less than

the level of the reservation charge which the

Releasing Shipper was obligated to pay Transporter

(or, if the Releasing Shipper is paying a negotiated

rate, the sum of all reservation-type and commodity-

type charges), then Transporter shall be entitled to

terminate the service described in the Award Notice,

upon 30 Days' written notice to the Replacement or

Prearranged Shipper, unless the Replacement or

Prearranged Shipper agrees, at its sole election,

prior to the end of said 30-Day notice period to pay

for the remainder of the term specified in the Award

Notice one of the following: (i) the reservation and

commodity charges at levels which the Releasing

Shipper was obligated to pay Transporter, (ii) the

applicable maximum tariff rate, or (iii) such rate as

mutually agreed to by Transporter and Replacement or

Prearranged Shipper.