High Island Offshore System, L.L.C.

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/01/2000, Docket: RP99-227-004, Status: Effective

Original Sheet No. 204 Original Sheet No. 204 : Effective

 

 

 

FORM OF RESERVE COMMITMENT AGREEMENT

(Continued)

 

2.4 Temporary Release.

 

(a) In the event that prior to a month or during a month Shipper

nominates and has available for transportation (x) a daily

quantity of production from Committed Lease(s) that in the

aggregate exceeds (y) the daily amount of capacity

available for transportation on Transporter's pipeline

facilities under all of Shipper's existing FT-2

Agreement(s), then Shipper shall, upon request to

Transporter, be released for such month, or the remainder

of such month, as applicable, from its obligations under

Section 2.1 of a daily quantity of gas up to the difference

of (x) minus (y) (the "Temporary Release Quantity").

The Temporary Release Quantity so released shall

be deemed to be the last quantities produced, so that any

release under this Section 2.4(a) is applicable only to the

daily production quantity in excess of the quantity that

Transporter is able to accept into Transporter's pipeline

facilities on a given day.

 

(b) In the event that Shipper delivers its production from the

Committed Lease(s) to Transporter via a pipeline which (i)

is upstream of Transporter's pipeline system, (ii) is not

affiliated with Shipper, and (iii) has a Reserve Commitment

Agreement with Shipper relative to Shipper's production that

is substantially similar in all material respects to the

reserve commitment contained in this Agreement

(Collectively the "Upstream Pipeline"), and such Upstream

Pipeline temporarily releases Shipper's production

from such similar reserve commitment agreement where such

released production cannot otherwise be delivered to

Transporter' pipeline system, then Shipper shall, upon

request to Transporter, be released from its obligations

under Section 2.1 of a daily quantity of gas up to an amount

equal to the volume temporarily released by such Upstream

Pipeline.