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.