Midcoast Interstate Transmission, Inc.

Second Revised Volume No. 1

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Effective Date: 10/01/1997, Docket: GT97- 71-000, Status: Effective

First Revised Sheet No. 186 First Revised Sheet No. 186 : Effective

Superseding: ORIGINAL SHEET NO. 186

FORM OF SERVICE CONTRACT (FT-SG)

(Continued)

 

ARTICLE XIV

 

TERM

 

14.1 The term of this Contract shall commence __________ and shall

continue in full force and effect until __________ (the "Primary

Term"). Providing the Primary Term is one year or more and

Shipper is paying Transporter's Maximum FT-SG transportation

rate, then Shipper shall have a one-time, unilateral right,

exercisable by written notice to Transporter at any time not

less than twelve months before the end of the Primary Term, to

extend the term of this Contract for a period of not less than

one (1) year, nor more than fifteen (15) years which shall begin

on the first day immediately following the expiration of the

Primary Term and shall end on the date specified by Shipper in

such notice ("the Rollover Term"). Providing Shipper is paying

Transporter's Maximum FT-SG transportation rate, the term of

this Contract shall continue after the Primary Term or the

Rollover Term, as the case may be, for successive periods of one

(1) year each (the "Renewal Terms"), unless terminated as of the

end of any such Primary Term, Rollover Term or Renewal Term by

written notice given by either party to the other not less than

twelve (12) months prior to the end of any such term; provided;

however, that no such notice shall have the effect of

terminating this Contract at the end of the Primary Term if

Buyer has given notice extending the term of this Contract for

a Rollover Term. If the FERC or other governmental body having

jurisdiction over the service rendered pursuant to the Contract

authorizes abandonment of such service, this Contract shall

terminate on the abandonment date permitted by the FERC or such

other governmental body.

 

14.2 Any portions of this Contract necessary to correct or cash-out

imbalances under this Contract as required by the General Terms

and Conditions of Transporter's FERC Gas Tariff shall survive

the other parts of this Contract until such time as such

balancing has been accomplished.

 

14.3 This Contract will terminate automatically in the event Shipper

fails to pay all of the amount of any bill for service rendered

by Transporter hereunder in accord with the terms and conditions

of Section 6 of the General Terms and Conditions of

Transporter's FERC Gas Tariff.