Cameron Interstate Pipeline, LLC

Original Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-647-000, Status: Effective

Original Sheet No. 115 Original Sheet No. 115

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

(b) Obligations of the Releasing Shipper.

 

(1) The Service Agreement of the Releasing Shipper

will remain in full force and effect, with a

portion of the proceeds attributable to any

release and assignment credited to the existing

Releasing Shipper's invoice as provided in GT&Cs

Section 11.7. The Releasing Shipper shall remain

ultimately liable to Pipeline for all reservation

charges and reservation surcharges, if any, under

the terms of its Service Agreement with Pipeline.

However, no new obligation or liability is

created as a result of such assignments of the

rights and obligations under the Service

Agreement.

 

(2) If Pipeline waives any credit requirements for a

Prearranged Shipper or a Replacement Shipper,

Pipeline shall limit the liability of the

Releasing Shipper to the extent of such credit

waiver. To the extent Pipeline does not require

continuing assurances for Prearranged Shippers or

Replacement Shippers pursuant to of

creditworthiness under GT&Cs Section 2.5 any less

than it does the Releasing Shipper, the Releasing

Shipper continues to be liable.

 

(3) In the event there is a permanent release of

Shipper's capacity, Pipeline will agree to

discharge the Releasing Shipper of liability, on

a prospective basis, in whole or in part,

provided the Replacement Shipper meets the credit

requirements under GT&Cs Section 2, but for any

Releasing Shipper for whom Pipeline agreed to

construct new facilities, the Replacement Shipper

shall meet the credit requirements under GT&Cs

Section 2 and shall assume the credit obligations

contained in the Releasing Shipper's Service

Agreement.