Petal Gas Storage Company

Original Volume No. 1

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Effective Date: 08/16/1999, Docket: RP99-443-000, Status: Effective

Original Sheet No. 205 Original Sheet No. 205 : Effective

 

Form of Interruptible Storage Service Agreement

(continued)

 

ARTICLE VI - TERM OF AGREEMENT

 

This Agreement shall be effective ______ __, ____, and shall remain in

force and effect for ______ (the "Primary Term"). Thereafter, this

Agreement shall continue for successive terms of ___________ each (the

"Renewed Term") unless either party gives ______ days written notice to the

other party prior to the end of the Primary Term or any Renewed Term

thereafter.

 

ARTICLE VII NOMINATIONS

 

Petal shall use its best efforts to accept both verbal and electronic

changes in nominations twenty-four (24) hours per day in order to

accommodate Customer's requests for such changes. Such changes shall be

made as soon as Petal can practically make such changes. Customer shall

acknowledge such changes in writing or by telecopy within four hours of

requesting such changes.

 

Petal shall maintain personnel and equipment available to receive and act

upon nomination changes and confirmations twenty-four (24) hours per day,

seven (7) days per week. In the event that Petal fails to obtain

confirmation from Customer's Transporter of Customer's nomination, Petal

shall notify Customer of such failure as soon as possible.

 

ARTICLE VIII - INCORPORATION OF RATE SCHEDULE AND TARIFF PROVISIONS

 

This Agreement shall be subject to the terms and provisions of Petal's Rate

Schedule ISS, as filed with the Federal Energy Regulatory Commission,

together with the General Terms and Conditions applicable thereto

(including any changes in said Rate Schedule or General Terms and

Conditions as may from time to time be filed and made effective by Petal).

 

ARTICLE IX - NOTICES

 

Except as otherwise provided in the General Terms and Conditions applicable

to this Agreement, any notice under this Agreement shall be tendered in

accordance with Appendix 2 to this Agreement.

 

ARTICLE X - TRANSFER AND ASSIGNMENT

 

Any individual or entity which shall succeed by purchase, merger, or

consolidation to the properties, substantially as an entirety, of Petal or

Customer, as the case may be, shall be entitled to the rights and shall be

subject to the obligations of its predecessor in title under this

Agreement. No assignment of this Agreement by either party or any of the

rights or obligations hereunder shall be made unless there first shall have

been obtained the consent thereto in writing of the other party, which

consent shall not be unreasonably delayed or withheld. Any release of

Customer from its obligations hereunder shall be conditioned on the

approval of Petal's lenders/note holders.

 

It is agreed, however, that the restrictions on assignment contained in

this Article shall not in any way prevent either party to this Agreement

from pledging or mortgaging its rights hereunder as security for its

indebtedness without the written consent of the other party. This Agreement

shall be binding upon and shall inure to the benefit of the respective

authorized successors and assigns.