Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 08/01/2009, Docket: RP08-436-004, Status: Effective

First Revised Sheet No. 331 First Revised Sheet No. 331

Superseding: Original Sheet No. 331

 

(a) prepare a project schedule and review with Shipper or Shipper's

Designee the steps or actions that Stingray is taking or proposes

to take to enable Stingray to receive and transport the Impacted

Quantities from Shipper or Shipper's Designee within a

Construction Period (defined below), or

 

(b) grant Shipper's or Shipper's Designee's request for a permanent

release of the Impacted Quantities.

 

Stingray shall have the following time periods, beginning from the date

of receipt of Shipper's or Shipper's Designee's request for a permanent

release of Impacted Quantities, to take action (including, but not

limited to, the installation of facilities) to enable Stingray to

receive and transport the Impacted Quantities: six (6) Months if minor

construction is required, or fifteen (15) Months if additional pipeline,

platform and/or compression facilities are required ("Construction

Period"); provided, however, Stingray shall have the right to extend a

Construction Period for an additional three (3) Months if Stingray has

made a significant economic commitment with respect to the actions it is

taking to enable Stingray to receive and transport the Impacted

Quantities, and if it is reasonable to believe that such actions will

enable Stingray to receive the Impacted Quantities within the additional

three (3) Month extension of the original Construction Period.

 

1.7 The Parties hereby agree to execute a Memorandum of Agreement in the

form of Exhibit A, which may be filed, together with all applicable

leases and assignments of interests for the Dedicated Reserves, with the

Minerals Management Service of the United States Department of the

Interior or any successor agency and in the parish and county records of

the appropriate jurisdictions to the extent such documents have not been

filed previously.

 

ARTICLE 2

TERM

 

2.1 This Agreement shall be effective ___________, _____, and shall remain

in force and effect for the economic life of the Dedicated Reserves.

 

2.2 Subject to the provisions of Section 4.3(b) hereinbelow, and

notwithstanding the provisions of Section 2.1 above, in the event

Shipper or Shipper's Designee sells or assigns its right, title, and

interest in the Dedicated Reserves, upon the satisfaction of all

conditions set forth in Section 4.3(b) below, this Agreement shall

terminate and be of no further force and effect as between Shipper and

Stingray.