Cameron Interstate Pipeline, LLC

Original Volume No. 1

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Effective Date: 06/30/2009, Docket: RP09-604-000, Status: Effective

Original Sheet No. 202A Original Sheet No. 202A

 

This Agreement shall become effective as of the Effective Date and shall continue in

effect for a term of ____ months thereafter ("Primary Term"); provided, that Shipper may

upon written notice delivered to Pipeline no later than six calendar months after the

Effective Date elect to extend the Primary Term by up to six calendar months. At the

expiration of the Primary Term (as it may be extended pursuant to the preceding

sentence), Shipper shall have the right, but not the obligation:

 

a) to extend the term of this Agreement for a period of five years beyond the

Primary Term, subject to an election one year in advance of the end of the

Primary Term;

 

(b) if Shipper exercises its right to extend this Agreement pursuant to

subparagraph (a) of this Section 2.1, to extend the term of this Agreement

for an additional period of five years, subject to an election one year in

advance of the end of the first five year extension period; and

 

(c) to extend the term of this Agreement as reasonably requested past any

extension under subparagraphs (a) and (b) above to allow for delivery of

make-up cargoes of liquefied natural gas, subject to an election one year in

advance of the then-existing term.

 

If Shipper exercises each of the extension options set forth above in

subparagraphs (a) and (b), Shipper shall have the right exercisable no later

than one year in advance of the end of the then-existing term to elect to

pay, in lieu of the rate payable by Shipper during the Primary Term, the

maximum applicable recourse rate for firm service. If Shipper makes such an

election, Shipper shall have the same rights as other recourse rate shippers

under the General Terms and Conditions then in effect.

 

Following the last extension requested by Shipper, as provided above, the service

hereunder shall continue on a year-to-year basis unless terminated by either Party

by written notice at least 12 months prior to the end of any successive one year

extension. In the event Pipeline provides such 12 month notice of termination,

Shipper shall have a contractual right of first refusal (ROFR) to be exercised in

accordance with the procedures established by Section 4 of the General Terms and

Conditions; provided, that notwithstanding the provisions hereof, Shippers period

for notifying Pipeline of Shippers desire to exercise its ROFR shall be 11 months.

 

2.2 Any portions of this Agreement necessary to correct or cash-out imbalances or to

make payment under this Agreement as required by the GT&Cs, or to make payment of

refunds as required by FERC, will survive the other parts of this Agreement until

such time as such balancing or payment has been completed.