Cove Point LNG Limited Partnership

Second Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 06/14/2000, Docket: RP00-389-000, Status: Effective

Original Sheet No. 211 Original Sheet No. 211 : Effective

 

 

ASSIGNMENT AGREEMENT FORM

 

Assignment Agreement

between Cove Point LNG Limited Partnership (Operator)

and ________________________ (Assignee)

 

 

 

This Assignment Agreement ("Agreement") made and entered into this _____ day of

_______________, by and between Cove Point LNG Limited Partnership ("Operator") and

________________________________ ("Assignee").

 

W I T N E S S E T H:

 

WHEREAS, pursuant to a Release Notice complying with Section 10 of the General Terms and

Conditions of Operator's FERC Gas Tariff, Original Volume No. 1 ("Tariff"), Releasor released

capacity and service rights under its Service Agreement with Operator or under a prior Assignment

Agreement, subject to the requirements set forth in said Section 10 and in the Release Notice; and

 

WHEREAS, Assignee is to be awarded all or part of such capacity and service rights in

accordance with Section 10 of Operator's Tariff.

 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree

as follows:

 

Section 1. Assignment. Operator hereby assigns to Assignee the capacity and service

rights hereinafter specified under Releasor's (____ Service Agreement No. ____; or Assignment

Agreement No. ____) to the extent described in such Agreement, and attached hereto and

incorporated herein by reference.

 

Section 2. Obligations of Assignee. Assignee shall comply with all the applicable terms

and conditions of Releasor's Service Agreement/Assignment Agreement described in Section 1 above,

Operator's applicable Rate Schedule and the General Terms and Conditions of Operator's Tariff,

under which Assignee shall be deemed to be a "Buyer". Assignee shall, each month during the term

of this Agreement, pay Operator the Reservation Charge specified in Assignee's accepted bid,

including any Reservation Charge set forth as a volumetric rate. Assignee shall also pay all

commodity charges, Retainage, surcharges and penalties associated with the capacity and service

rights assigned under this Agreement, as set forth in Operator's currently effective Tariff, as

may be adjusted from time to time upon approval of the Federal Energy Regulatory Commission

("FERC" or "Commission").

 

Section 3. Obligations of Operator. Operator shall provide service to Assignee and shall

bill Releasor and Assignee in accordance with the assigned Service Agreement/Assignment Agreement

described in Section 1 above, Operator's applicable Rate Schedule and the General Terms and

Conditions of Operator's FERC Gas Tariff.

 

Section 4. Term. Service under this Agreement shall commence as of

_____________________, ____, and shall continue in full force and effect until

________________________, ____.