Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.118 Original Sheet No.118 : Effective

 

GENERAL TERMS AND CONDITIONS (cont'd)

 

 

18.6 Refund of Prepayment

 

Transporter shall refund to all parties whose bids were

either rejected by Transporter or superseded by

Shipper's election to match the best bid(s) the entire

amount of the required prepayment within thirty (30)

days of the earlier of (a) Transporter's rejection of

their bid(s) pursuant to Section 18.3 or (b)

Transporter's receipt of Shipper's notice of its

election pursuant to subsection 18.5(a).

 

18.7 No Best Bid(s)

 

In the event Transporter does not receive any bids for

Shipper's capacity or any bids which are acceptable to

Transporter, Shipper shall have the right to retain its

firm capacity at the maximum rate applicable thereto,

or any discount agreed to by Transporter, for an

additional term as requested by Shipper, not to exceed

five (5) years. If Shipper refuses to renew its

Transportation Service Agreement at the maximum rate,

absent an agreement by Transporter to discount, said

Transportation Service Agreement shall be subject to

pregranted abandonment on the effective date of

termination.

 

18.8 Shipper's Notice of Termination

 

If Shipper gives notice to terminate its Transportation

Service Agreement pursuant to the provisions contained

therein, said agreement shall be subject to pregranted

abandonment on the effective date of Shipper's

termination notice and the above provisions of this

Section 18 shall not apply.