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.303 Original Sheet No.303 : Effective

 

 

FORM OF RESERVE COMMITMENT AGREEMENT

(cont'd)

 

Section 2.5 - (cont'd)

 

such notification and immediately after the end of the

six (6) month period set forth above, Transporter will

release the Impacted Quantities from the obligations

under Section 2.1

 

ARTICLE III

 

TRANSPORTATION

 

3.1 Shipper may request that its production from the

Committed Field(s) be transported under Transporter's

Rate Schedules FT-1, FT-2 or IT-1, in accordance with

the provisions of the applicable Rate Schedule.

 

3.2 Transporter agrees to accept and process Shipper's

Requests for Service under Section 3.1 in accordance

with the provisions of the applicable Transporter's

Rate Schedules. Transporter does not guarantee

sufficient capacity to transport all of Shipper's

production from Committed Field(s). In the event of

insufficient capacity, Shipper's sole and exclusive

remedy shall be as specified in Sections 2.4 and 2.5

above.

 

3.3 Transporter shall have no obligation to build or

install new facilities to provide transportation

service for production from Committed Field(s).

 

ARTICLE IV

 

REGULATION

 

This Agreement shall be subject to all applicable and lawful

governmental statutes, orders, rules and regulations.

 

ARTICLE V

 

TERM

 

This Agreement shall be effective _____________,

______, and shall remain in force and effect for

the economic life of the Committed Field(s).