Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 10/29/2001, Docket: RP01-614-000, Status: Effective

First Revised Sheet No. 462 First Revised Sheet No. 462 : Effective

Superseding: Original Sheet No. 462

 

NORTHERN BORDER PIPELINE COMPANY

PARK AND LOAN ("PAL")

AGREEMENT

 

 

THIS AGREEMENT (the Agreement) is made and entered into at Omaha,

Nebraska as of ______________, 20__, by and between NORTHERN BORDER

PIPELINE COMPANY, hereinafter referred to as "Company" and

__________________________________, hereinafter referred to as "Buyer".

 

WHEREAS, Buyer desires to engage Company to provide interruptible park

and loan service; and

 

WHEREAS, Company desires to provide interruptible park and loan service

to Buyer;

 

NOW THEREFORE, in consideration of their respective covenants and

agreements hereinafter set out, the parties hereto covenant and agree as

follows:

 

Article 1 - Basic Receipts

 

Buyer shall be entitled to nominate a quantity of gas up to Buyer's

Maximum Park and Loan Quantity at a Parking Point as set forth in the

Exhibit(s) A attached hereto. Once scheduled by Company, Company shall

receive gas in accordance with the applicable terms and conditions of

Rate Schedule PAL.

 

Article 2 - Basic Deliveries

 

Buyer shall be entitled to nominate a quantity of gas up to Buyer's

Maximum Park and Loan Quantity at a Lending Point as set forth in the

Exhibit(s) A attached hereto. Once scheduled by Company, Company shall

deliver gas in accordance with the applicable terms and conditions of

Rate Schedule PAL.

 

Article 3 - Rates

 

Rates for service under this Agreement shall be at Company's Maximum

Rate plus all applicable surcharges in effect under Rate Schedule PAL

unless otherwise agreed to by the parties and set forth in the

Exhibit(s) A attached hereto.