Oktex Pipeline Company
Original Volume No. 1
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Effective Date: 01/01/2008, Docket: RP08- 85-000, Status: Effective
2nd Revised Sheet No. 56 2nd Revised Sheet No. 56 : Effective
Superseding: 1st Revised Sheet No. 56
2. This Contract shall be effective as of the date first
hereinabove written: provided however, that Transporter shall be under no
obligation to receive or to deliver any quantities of natural gas hereunder
and Shipper shall be under no obligation for any payments hereunder prior to
the Commencement Date.
3. This Contract shall continue in force and effect until [date]
pursuant to any effective provisions for termination of this Contract by
Transporter as stated in Rate Schedule ITS or the General Terms and Conditions
for Transportation Service: provided however, that if the FERC authorizes
Transporter to abandon service to Shipper on an earlier date, this Contract
shall terminate as of such earlier date.
ARTICLE VI - NOTICES
Notices Transporter shall be addressed to:
Manager Contract Administration
OkTex Pipeline Company
100 W. 5th Street, MD 12-4
Tulsa, OK 74103
Notices to Shipper hereunder shall be addressed to
[Name of Shipper]
[address]
Either party may change its address under this Article by written
notice to the other party.
ARTICLE VII - TRANSFER AND ASSIGNMENT OF CONTRACT
Any entity which shall succeed by purchase, merger or consolidation to
the properties, substantially or as an entirety, of either Transporter or
Shipper, as the case may be, shall be entitled to the rights and shall be
subject to the obligations of its predecessor in title under this Contract.
Otherwise, no assignment of this Contract or of any of the rights or
obligations hereunder or any portion of Shipper's effective Maximum Daily
Contract Demand shall be made. It is agreed, however, that the restrictions
on assignment contained in this Article VII shall not in any way prevent
either party to this Contract from pledging or mortgaging its rights hereunder
as security for its indebtedness.
ARTICLE VIII - BANKRUPTCY OF SHIPPER
Subject to the requirements of Section 7 of the Natural Gas Act,
Transporter shall not be required to render or to continue to render
transportation service on behalf of any Shipper that has applied for
bankruptcy under the Bankruptcy Code or on behalf of any Shipper which, at
Transporter's request, fails within a fifteen (15) day period to demonstrate
and maintain credit worthiness, provided however, that Transporter shall
render or continue to render transportation service for any such Shipper which
prepays for such service or which, upon fifteen (15) days notice by
Transporter, furnishes good and sufficient security bond or other good and
sufficient security as Transporter in its reasonable discretion deems
acceptable, of a continuing nature and in an amount equal to the cost of
performing the transportation service request for a two (2) month period.