Southern LNG Inc.

Original Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-271-000, Status: Effective

Original Sheet No. 11B Original Sheet No. 11B

 

4.5.2 Buyout Election:

 

(a) Qualifications.

 

In order to qualify to make a Buyout Election, Customer must so

elect for its Service Agreements, and the Service Agreements to

which the election applies must each, unless Southern LNG agrees

otherwise:

 

(1) have a primary term of no less than nineteen (19) years; and

 

(2) obligate Customer to pay either the maximum recourse

reservation rate or a negotiated reservation rate;

 

(b) General Terms and Conditions.

 

Section 8.6 of the General Terms and Condition to this FERC Gas

Tariff shall govern the applicability of, conditions on, and

limitations to the Buyout Election.

 

4.5.3. Exclusivity

 

Customer's entitlement to demand charge reductions under the Crediting

Election or entitlement to terminate its Service Agreement under the Buyout

Election shall constitute Customer's sole and exclusive remedy for the

event of force majeure to which the Crediting Election or Buyout Election

is applicable, without prejudice to Southern LNG's obligation to restore

service in the event Customer does not terminate its Service Agreement

under either Section 8.6(b)(1)(C) or Section 8.6(b)(2)(B) of the General

Terms and Conditions of SLNG's tariff.