Sea Robin Pipeline Company, LLC

Second Revised Volume No. 1

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Effective Date: 12/31/2004, Docket: RP05- 87-000, Status: Effective

Original Sheet No. 380 Original Sheet No. 380 : Effective

 

FORM OF RESERVE COMMITMENT AGREEMENT

 

 

THIS RESERVE COMMITMENT AGREEMENT (Agreement) is made and

entered into as of the ________ Day of ______________, _____, by and

between SEA ROBIN PIPELINE COMPANY LLC, a limited liability company

of the State of Delaware, hereinafter referred to as "Sea Robin" and

_________________________, a _______________________ corporation,

hereinafter referred to as "Shipper". Sea Robin and Shipper shall

collectively be referred to herein as the Parties.

 

 

ARTICLE I

DEFINITIONS

 

 

1.1 COMMITTED LEASE(S) - shall mean those Outer Continental Shelf

(OCS) or State Waters leases set forth on Exhibit "A" hereto.

The estimated proven recoverable reserves from the Committed

Lease(s) attributable to Shipper's and/or its affiliates'

interest or aggregated with other Shipper's interests in such

lease(s) which are committed to Sea Robin pursuant to this

Reserve Commitment Agreement shall meet the eligibility

requirements set forth in Rate Schedule FTS-2 of Sea Robin's

FERC Gas Tariff. Shipper shall provide to Sea Robin supporting

documentation for the reserves estimate, technical support

data, and production development plans, including facilities

design capacity, subject to a mutually agreeable

confidentiality agreement to confirm Shipper's estimated proven

recoverable reserves and to demonstrate Shipper's authority to

dedicate the Committed Lease(s) under the terms of this

Agreement.

 

1.2 AFFILIATE - For purposes of this Agreement, "affiliate" shall

mean, with respect to any relevant entity, any other entity

that directly or indirectly controls, is controlled by, or is

under common control with, such relevant entity in question.

As used herein, the term "control" (including its derivatives

and similar terms) means owning or holding, directly or

indirectly, the power (i) to vote 10% or more of the Voting

Stock of any such relevant entity, or (ii) to direct or cause

the direction of the management and policies of any such

relevant entity. "Voting Stock" shall mean capital stock

issued by a corporation, or equivalent interests in any other

entity, the holders of which are ordinarily, in the absence of

contingencies, entitled to vote for the election of directors

(or entity with management authority performing similar

functions) of such entity.