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. 204 Original Sheet No. 204 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

33. DEFAULT AND TERMINATION

 

33.1 Except where different procedures for termination of an

Agreement are expressly provided in the General Terms and

Conditions, if Transporter or Shipper shall fail to perform

any of the covenants or obligations imposed upon it under

any Agreement into which these General Terms and Conditions

are incorporated, then in such event the other party may,

at its option, terminate such Agreement by proceeding as

follows: The party not in default shall cause a written

notice to be served on the party in default stating

specifically the default under the Agreement and declaring

it to be the intention of the party giving the notice to

terminate such Agreement; thereupon the party in default

shall have 30 Days after the service of the aforesaid

notice in which to remedy or remove the cause or causes

stated in the default notice and if within the said 30 Day

period the party in default does so remove and remedy said

cause or causes and fully indemnifies the party not in

default for any and all consequences of such default, then

such default notice shall be withdrawn and the Agreement

shall continue in full force and effect.

 

33.2 In the event the party in default does not so remedy and

remove the cause or causes, or does not indemnify the party

giving the default notice for any and all consequences of

such default within the said period of 30 Days, then, after

any necessary authorization by regulatory bodies having

jurisdiction, at the option of the party giving such

default notice, the Agreement shall terminate.

 

33.3 Any termination of the Agreement pursuant to the provisions

of this Section 33 shall be without prejudice to the right

of Transporter to collect any amounts then due to it for

Gas delivered or service provided prior to the date of

termination, and shall be without prejudice to the right of

Shipper to receive any Gas which it has not received but

the Transportation of which has been paid prior to the date

of termination, and without waiver of any other remedy to

which the party not in default may be entitled for breaches

of the Agreement.