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.