Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-414-000, Status: Effective

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

Superseding: Sub Original Sheet No. 190A

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

(b) In the event of a temporary release for which the

Replacement Shipper no longer satisfies Transporter's

credit requirements as set forth in Section 28 of the

General Terms and Conditions: (i) Transporter may

notify the Releasing Shipper, without any liability

or prior notice to Replacement Shipper, that the

Replacement Shipper no longer meets the credit

requirements of Transporter's Tariff; and (ii)

subject to Transporter exercising its rights under

Section 28 of the General Terms and Conditions to

suspend and/or terminate such capacity release

transaction, the firm capacity subject to the release

transaction shall revert to Releasing Shipper

immediately upon the effectiveness, and for the

duration, of such suspension or permanently if the

release transaction is terminated.

 

26.7 Notices to Releasing Shippers. Transporter shall provide

the original Releasing Shipper with Internet E-mail

notification reasonably proximate in time with any of the

following formal notices given by Transporter to the

Releasing Shipper's replacement Shipper(s), of the

following:

 

(a) Notice to the Replacement Shipper regarding the

Replacement Shipper's past due, deficiency, or

default status pursuant to Transporter's tariff;

(b) Notice to the Replacement Shipper regarding the

Replacement Shipper's suspension of service notice;

(c) Notice to the Replacement Shipper regarding the

Replacement Shipper's contract termination notice due

to default or credit-related issues; and

(d) Notice to the Replacement Shipper that the

Replacement Shipper(s) is no longer creditworthy and

has not provided credit alternative(s) pursuant to

Transporter's tariff.