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.302 Original Sheet No.302 : Effective

 

 

FORM OF RESERVE COMMITMENT AGREEMENT

(cont'd)

 

Section 2.4 - (d)(cont'd)

 

commitment it makes to third parties to deliver

the Impacted Quantities released under this

Section 2.4 for a period to coincide with the

anticipated duration of the Transporter Inability

or Excess Deliverability; provided that in no

event will the Impacted Quantities be returned for

transportation under an FT-1, FT-2 or IT-1

Transportation Service Agreement later than the

first day of the calendar month following sixty

(60) days after receipt by Shipper of

Transporter's notice that it is able to accept all

quantities tendered by Shipper from the Committed

Field(s).

 

2.5 Permanent Release

 

In the event of:

 

(1) Excess Deliverability under Section 2.4(a)

for more than 180 consecutive days; or

 

(2) Transporter Inability under Section 2.4(b) for more than

ninety (90) days during any rolling twelve month period or for

more than sixty (60) consecutive days,

 

Shipper may request in writing from Transporter a

prospective permanent release of the Impacted

Quantities from the obligations under Section 2.1.

Transporter shall have six (6) months from the date of

receipt of Shipper's release request to take actions,

including without limitation the installation of

facilities, to enable Transporter to receive the

Impacted Quantities from Shipper. To that end, within

three (3) months following Shipper's release request,

Transporter shall review with Shipper the steps or

actions Transporter is taking, or proposes to take, to

enable Transporter to receive the Impacted Quantities

from Shipper. Within thirty (30) days after such

review, Shipper must notify Transporter in writing if

Shipper elects to implement the permanent release of

the obligations under Section 2.1 with respect to the

Impacted Quantities. Upon