Kinder Morgan Louisiana Pipeline LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective

Original Sheet No. 212 Original Sheet No. 212

 

GENERAL TERMS AND CONDITIONS

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Replacement Shipper. Following such request, KMLP shall send the

Original Shipper and Replacement Shipper an assignment agreement to so

provide. In the event that the Original Shipper and the Replacement

Shipper both execute such an assignment agreement, the Original

Shipper shall be released from all liability under the Eligible Firm

Transportation Agreement arising after such execution date. Except as

provided in Section 14.18 hereof, KMLP may, but is not obligated to,

agree to an assignment where the released Firm Transportation

Agreement covers the remaining term of the Eligible Firm

Transportation Agreement but specifies a lower rate.

 

14.18 DISCHARGE OF RELEASING SHIPPER IN PERMANENT RELEASES

 

The Releasing Shipper shall remain liable and responsible

for the payment of all reservation charges applicable to the Agreement

unless and until the following conditions have been met, in which

case, upon consent by KMLP, the Releasing Shipper shall be discharged

from such obligation:

 

(a) The Capacity Release shall be for the remaining term

of the Agreement;

 

(b) The Replacement Shipper shall agree to pay a rate

equal to or greater than the reservation rate which the Releasing

Shipper paid under the Agreement (or such other rate as KMLP shall

agree to accept); and

 

(c) The Replacement Shipper shall meet the creditworthy

standards set forth in Section 12 of the General Terms and Conditions

of KMLP's Tariff and KMLP must be finally indifferent to the release

in order to consent to such release.