Arlington Storage Company, LLC

Original Volume No. 1

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Effective Date: 08/24/2009, Docket: RP09-872-000, Status: Effective

Original Sheet No. 116 Original Sheet No. 116

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

This allocated daily contractual entitlement shall be used for purposes of nominations, billing, and if

applicable, for overrun calculations.

 

The MSQ, Maximum Park Quantity or Maximum Loan Quantity that can be released by a Releasing Customer for

an intraday release is limited to a quantity not in excess of the Releasing Customer's MSQ, Maximum Park

Quantity or Maximum Loan Quantity, less the Releasing Customer's Storage Inventory or Loan Balance.

 

4.3 Posting and Bidding Timeline. For the Capacity Release business process timing model, only

the following methodologies shall be supported by ASC and provided to Releasing Customers as

choices from which they may select and, once chosen, shall be used in determining the awards

from the bid(s) submitted. They are: 1) highest rate, 2) net revenue and 3) present value.

Other choices of bid evaluation methodology (including other Releasing Customer defined

evaluation methodologies) can be accorded similar timeline evaluation treatment at ASC's

discretion; however, ASC is not required to offer other choices or similar timeline

treatment for other choices. Further, ASC shall not be held to the timeline specified in

Sections 4.3(a) and 4.3(b) below should the Releasing Customer elect another method of

evaluation. Should the Releasing Customer elect another method of evaluation, the timeline

specified in Section 4.3(c) below shall apply. The proposed duration of Customer's release

determines the minimum bid period for the Customer's offer pursuant to this Section 4.

The Capacity Release timeline is applicable to all parties involved in the Capacity Release

process; however, it is only applicable if (i) all information provided by the parties to

the transaction is valid and the Replacement Customer has been determined to be creditworthy

before the capacity release bid is tendered and (ii) there are no special terms or conditions

of the release.

 

The Capacity Release timeline is as follows:

 

(a) For standard releases of less than one (1) year:

 

- Offers shall be tendered by 12:00 p.m. CCT on a Business Day;

- The bid period shall end at 1:00 p.m. CCT on the same Business Day or at 1:00 p.m. CCT on any

subsequent Business Day as specified in Releasing Customer's offer, whichever is elected by

Releasing Customer;

- Evaluation period begins at 1:00 p.m. CCT on the Day the bid period ends, during which contingency

is eliminated, determination of best bid is made, and ties are broken;

- Evaluation period ends and award is posted if no match is required at 2:00 p.m. CCT the same Day;

- If the Prearranged Replacement Customer's bid is not the "best bid", ASC shall allow such

Prearranged Replacement Customer a Matching Period of thirty (30) minutes from 2:00 p.m. until

2:30 p.m. CCT on the Day the Bid Period ends, or such later time as specified in the Releasing

Customer's offer, to determine whether to match the "best bid" and to notify ASC of its decision.

- If a match is required, the award will be posted by 3:00 p.m. CCT.