Sabine Pipe Line Company LLC

Original Volume No. 1

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Effective Date: 04/01/2006, Docket: RP06-265-000, Status: Effective

Second Revised Sheet No. 274 Second Revised Sheet No. 274 : Effective

Superseding: First Revised Sheet No. 274

or modify the existing Service Agreement, reflecting the

terms of the best bid. If Shipper fails to match the best

bid within the time allowed by Sabine, Shipper's existing

Firm Service Agreement will be abandoned upon the

termination of the Firm Service Agreement and Sabine will

enter into a new Firm Service Agreement with the Shipper(s)

offering the best acceptable bid.

 

11.5 Acceptable Bids

 

In the event Sabine does not receive any bids for Shipper’s

capacity or any bids which are acceptable to Sabine, Shipper

shall have the right to retain its firm capacity at the

maximum rate applicable thereto, or any negotiated discount

agreed to by Sabine, for an additional term as requested by

Shipper. If Shipper refuses to renew its existing Firm

Service Agreement at the maximum rate, absent an agreement

by Sabine to discount, such Service Agreement shall be

subject to abandonment upon its termination.

 

11.6 Abandonment

 

Sabine shall be relieved of its transportation service

obligations for any Interruptible Service Agreement and for

any Firm Service Agreement with a primary term of less than

one (1) year, regardless of any subsequent roll-over term

provided by an evergreen provision, upon the expiration or

termination of such Service Agreement. Sabine shall be

relieved of its transportation service obligations for any

Firm Service Agreement that is eligible to be renewed under

the right of first refusal procedures upon the expiration of

such Service Agreement, if that Shipper gives notice to

terminate its Firm Service Agreement pursuant to the

provisions contained therein, or Shipper fails to match the

best bid under its right of first refusal option as

described in Subsection 11.4.