Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 01/01/1999, Docket: RP99-166-000, Status: Effective

First Revised Sheet No. 105 First Revised Sheet No. 105 : Effective

Superseding: Substitute Original Sheet No. 105

GENERAL TERMS AND CONDITIONS

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2. ASSIGNMENT TO DOWNSTREAM CUSTOMERS OF PIPELINE SHIPPERS

 

(a) Any interstate pipeline company which holds capacity on

Stingray under any firm transportation Agreement which will continue

in effect beyond December 1, 1993 may assign all or any portion of

that capacity to its existing customers subject to the remainder of

this Section 2.

 

(b) An assignment pursuant to this Section shall not be valid

unless and until the following prerequisites are satisfied:

 

(1) The proposed assignment meets all of the

requirements of Stingray's Tariff for service under the applicable

Rate Schedule including, but not limited to, the credit requirements;

and

 

(2) The proposed assignee has executed an Agreement

directly with Stingray under the Rate Schedules FTS and/or FTS-2.

 

(c) Unless otherwise agreed by Stingray, the Firm Receipt and

Delivery Point(s) under the Agreement with the assignee must be the

same as under the Agreement being assigned and the Agreement term

must be for a period at least as long as the remaining term of the

Agreement being assigned.

 

(d) Any assignment of firm capacity shall be effective the

later of the date specified in the assigning interstate pipeline's

effective tariff sheets implementing the assignment procedures, or

the date on which the prerequisites under subsection (b) hereof are

satisfied, or the date specified in the Agreement executed by the

assignee with Stingray.

 

(e) The assigning interstate pipeline shall remain liable for

the payment of the demand/reservation charges applicable to the

assignee through the original term of the assignor's Agreement under

Rate Schedule FTS in the event the assignee fails to timely make

payment of such charges, except where Stingray's loan agreement

permits Stingray to release the assignor from such liability.