Sabine Pipe Line Company LLC

Second Revised Volume No. 1

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Effective Date: 07/31/1993, Docket: RS92- 78-003, Status: Effective

Original Sheet No. 274 Original Sheet No. 274 : Superseded

 

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 with a primary term of one (1) year or more

upon the expiration of such Service Agreement, provided

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