High Island Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 11/27/2005, Docket: RP06- 53-000, Status: Effective

First Revised Sheet No. 208 First Revised Sheet No. 208 : Effective

Superseding: Original Sheet No. 208

 

 

FORM OF RESERVE COMMITMENT AGREEMENT

(Continued)

 

 

 

3.3 Nothing contained herein shall obligate HIOS to build or install new

facilities to provide transportation service for production from Committed

Lease(s). Shipper's sole and exclusive remedy, in the event of Transporter's

failure to take volumes in excess of the MDQ due to insufficient capacity

shall be to request a permanent or temporary release as specified in Sections

2.4 and 2.5 above. The preceding sentence shall not apply to HIOS' failure

to transport volumes within the MDQ.

 

 

ARTICLE IV

REGULATION

 

This Agreement shall be subject to all applicable and lawful governmental

statutes, orders, rules and regulations.

 

 

ARTICLE V

TERM

 

This Agreement shall be effective _______________________, ____, and shall

remain in force and effect for the producible life of the Committed Lease(s) unless

terminated sooner pursuant to other applicable provisions of this Agreement.