Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 06/01/1993, Docket: RS92- 11-009, Status: Effective

Original Sheet No. 791 Original Sheet No. 791 : Effective

 

FORM OF SERVICE AGREEMENT

FOR RATE SCHEDULE MBA

 

This Service Agreement, made and entered into this day of

_________, ____, by and between TEXAS EASTERN TRANSMISSION CORPORATION, a

Delaware Corporation, herein called ("Pipeline"), and __________ herein

called ("MBA Party"), whether one or more,

 

W I T N E S S E T H:

 

WHEREAS,

 

 

NOW, THEREFORE, in consideration of the premises and of the mutual

covenants and agreements herein contained, the parties do covenant and

agree as follows:

 

ARTICLE I

 

SCOPE OF AGREEMENT

 

Subject to the terms, conditions and limitations hereof and of

Pipeline's Rate Schedule MBA, Pipeline and the MBA Party has agreed that

the MBA Party, with the written consent, as set forth in Exhibit A, of the

relevant third parties, has assumed the primary responsibility of resolving

the daily and monthly imbalances of such third parties at Point(s) of

Delivery under the transportation and storage contracts between Pipeline

and such third parties, as set forth in Exhibit A, as amended from time to

time. Exhibit A is hereby incorporated as a part of this Service Agreement

for all intents and purposes as if fully copied and set forth herein at

length.

 

ARTICLE II

 

TERM OF AGREEMENT

 

The term of this Service Agreement shall commence on ________ and

shall continue in force and effect until ________ and _________ to

_________ thereafter unless this Service Agreement is terminated as

hereinafter provided. This Service Agreement may be terminated by either

Pipeline or MBA Party upon __________ prior written notice to the other

specifying a termination date of any ______________ occurring on or after

the expiration of the primary term. In addition to Pipeline rights under

Section 22 of Pipeline's General Terms and Conditions and without prejudice

to such rights, this Service Agreement may be terminated at any time by

Pipeline in the event MBA Party fails to pay part or all of the amount of

any bill for service hereunder and such failure continues for thirty (30)

days after payment is due; provided, Pipeline gives thirty (30) days prior

written notice to MBA Party of such termination and provided further such

termination shall not be effective if, prior to the date of termination,

MBA Party either pays such outstanding bill or furnishes a good and

sufficient surety bond guaranteeing payment to Pipeline of such outstanding

bill.