Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 06/01/2005, Docket: RP02-361-055, Status: Effective

Third Revised Sheet No. 305 Third Revised Sheet No. 305 : Effective

Superseding: Second Revised Sheet No. 305

 

FORM OF SERVICE AGREEMENT

For use under Transporter's Rate Schedule FTS

(Continued)

 

 

8. INTERPRETATION

 

The interpretation and performance of this Agreement shall be in

accordance with the laws of the State of _____ without recourse

to the law regarding the conflict of laws.

 

This Agreement and the obligations of the parties are subject to

all present and future valid laws with respect to the subject

matter, State and Federal, and to all valid present and future

orders, rules and regulations of duly constituted authorities

having jurisdiction.

 

9. CANCELLATION OF PRIOR CONTRACT(S)

 

This Agreement supersedes and cancels, as of the effective date of

this Agreement, the contract(s) between the parties hereto as

described below, if applicable:

 

[None or an appropriate description]

 

10. OPERATIONAL FLOW ORDERS:

 

Transporter has the right to issue effective Operational Flow

Orders pursuant to Section 13 of the General Terms and

Conditions.

 

[For a Service Agreement entered into after June 1, 2005, with a

primary term of 23 years or longer, add the following Section 11, and

for a Service Agreement in effect prior to May 2, 2005, with a primary

term of more than one year, add the following Section 11 if Shipper

notifies Transporter in writing of its desire to add such Section 11

within six months of the Commission approving such Section 11 without

condition:]

11. LIMITED CONSENT TO ASSIGNMENT:

 

Subject to any necessary regulatory authorizations for the direct

generation of electricity, Shipper shall have the assignment

rights with respect to this Agreement as follows:

 

(a) Shipper may, upon notice to Transporter but without the need

for Transporter's consent, assign all or part of its right,

interest and obligations under this Agreement to any wholly-

owned affiliate(s) of Shipper that has an investment grade

credit rating from a nationally recognized credit rating

agency (or that has been provided a guarantee in

Transporter's favor from an affiliated entity with such a

rating).