Ozark Gas Transmission, L. L. C.

Original Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-481-000, Status: Effective

First Revised Sheet No. 122 First Revised Sheet No. 122 : Effective

Superseding: Original Sheet No. 122

FORM OF FIRM TRANSPORTATION SERVICE (continued)

 

ARTICLE V

 

TERM OF AGREEMENT

 

5.1 Subject to the provisions of the General Terms and

Conditions of Transporter's FERC Gas Tariff and of Rate

Schedule FTS, this Agreement shall be effective as of

_____________________ and shall continue for a primary term

through _________________________.

 

5.2 Any portions of this Agreement necessary to enable the

parties balance receipts and deliveries under this Agreement as

required by the Rate Schedule FTS shall survive the other parts

of this Agreement until such time as such balancing has been

accomplished.

 

5.3 The term of this Agreement shall automatically be extended

for additional periods of one (1) Year following the conclusion

of the primary term or any extension thereof unless Shipper

notifies Transporter in writing by not later than one hundred

eighty (180) Days prior to the conclusion of the primary term

or any extension thereof that it desires to terminate this

Agreement as of the conclusion of such primary or extended

term.

 

5.4 Upon receipt of termination notification, and for a period

of sixty (60) Days, Transporter will post on its Internet

Website notice of such termination, and begin offering firm

capacity for bid. Shipper will continue to receive service in

accordance with the provisions of Rate Schedule FTS until

service is actually terminated. If there are bidders for the

capacity, Shipper must meet or exceed the value (as defined by

the terms and conditions posted during notification) of the

competing bids if it desires to retain its capacity under this

Agreement.

 

If Shipper fails to meet the value of the bid properly

submitted by a competing bidder, then subject to the competing

bidder's satisfaction of applicable requirements of

Transporter's FERC Gas Tariff, Transporter will provide

transportation service to such competing bidder under the terms

and conditions of the offer.