Honeoye Storage Corporation

Original Volume No. 1A

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Effective Date: 01/01/2010, Docket: RP10-135-000, Status: Effective

First Revised Sheet No. 101A First Revised Sheet No. 101A

Superseding: Original Sheet No. 101

 

10.7 Early Termination of Service Agreements

 

Honeoye may, in a not unduly discriminatory manner, agree with Customer to terminate

its Service Agreement prior to the expiration date if Customer and Honeoye enter into a

financial settlement to pay an exit fee that is sufficient, taking into account the remaining

term of the Service Agreement and the value and liquidity of the capacity subscribed

under the Service Agreement being terminated or reduced, to make the termination or

reduction financially beneficial in Honeoye’s reasonable judgment.

 

An agreement to terminate a Service Agreement hereunder shall not constitute a material

deviation from the applicable form of service agreement.

 

11. MISCELLANEOUS

 

11.1 Responsibility for Gas. Upon receipt of Gas to be stored Seller shall be in

exclusive control and possession of such Gas, until the Equivalent Quantities of

Gas have been delivered for the account of Customer after which Customer shall

be in exclusive control and possession of such Gas.