PetroLogistics Natural Gas Storage LLC

Original Volume No. 1

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Effective Date: 06/03/2009, Docket: RP09-577-000, Status: Effective

Original Sheet No. 129 Original Sheet No. 129

 

(f) Partial Day Recall Quantity. The daily contractual entitlement that can be recalled by a

Releasing Shipper for a partial day recall is a quantity equal to the lesser of:

(1) The quantity specified in the Releasing Shipper's notice to recall capacity; or

(2) The difference between the quantity released by the Releasing Shipper and the Elapsed Prorata Capacity.

In the recall notification provided to PetroLogistics by the Releasing Shipper, the quantity to be recalled

shall be expressed in terms of the adjusted total released capacity entitlements based upon the Elapsed

Prorata Capacity. In the event of an intra-day capacity recall, PetroLogistics shall determine the

allocation of capacity between the Releasing Shipper and the Replacement Shipper(s) based upon the

Elapsed Prorata Capacity.

The amount of capacity allocated to the Replacement Shipper(s) shall equal the original released quantity

less the recalled capacity. This allocated daily contractual quantity shall be used for purposes of

nominations, billing, and, if applicable, for overrun calculations. As a result of the allocation of

capacity described in this section, PetroLogistics shall not be obligated to deliver a combined quantity to

the Releasing Shipper and the Replacement Shipper(s) that is in excess of the total daily contract quantity

of the release.

The Releasing Shipper shall exercise and administer such recall rights and PetroLogistics may rely

on the Releasing Shipper's notice and instructions. Releasing Shipper shall indemnify and hold

PetroLogistics harmless from and against all demands, losses, causes of action, expenses and/or damages

resulting from or relating to Releasing Shipper's exercise of its recall rights and PetroLogistics'

compliance therewith including claims by the affected Replacement Shippers.

(g) Reput Provisions. PetroLogistics shall support the function of reputting by the Releasing Shipper.

The Releasing Shipper may reput previously recalled capacity to the Replacement Shipper pursuant to the

reput rights and methods identified in the Releasing Shipper's notice to release capacity, as required by

Section 8.1(g). When capacity is recalled, such capacity may not be reput for the same gas Day. The

deadline for the Releasing Shipper to notify PetroLogistics of a reput of capacity is 8:00 A.M. CT to

allow the Replacement Shipper to submit timely nominations for gas to flow on the next gas Day.

(h) Following the awarding of capacity to a Replacement Shipper in accordance with the procedures

provided in this section, the Releasing Shipper's rights and PetroLogistics' obligations under the

Releasing Shipper's Service Agreement shall be modified and subject to the capacity rights released and

assigned to the Replacement Shipper for the term of such release. Effecting a release pursuant to the

provisions of this section shall constitute Releasing Shipper's consent and agreement to such amendment

or modification of its existing Service Agreement.

(i) The offer to release by a Shipper under Rate Schedule FSS must specify the quantities of MDDQ, MDRQ,

MSQ, MDIQ, MDWQ or rights offered, and actually available on the effective date of the assignment, and the

exercise of which rights, in conjunction with Releasing Shipper's exercise of its retained rights, will not

violate any maximum or minimum quantity requirements or limitations applicable under the Rate Schedule or

the respective Service Agreements. Releasing Shipper shall be responsible for ensuring, if applicable,

whether by the withdrawal or transfer-in-