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.