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:
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
(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.
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.