U-T Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 06/01/1997, Docket: RP97-146-001, Status: Effective
Original Sheet No. 56A Original Sheet No. 56A : Superseded
GENERAL TERMS AND CONDITIONS
described in this Section 16, capacity is awarded to the Qualified Bidder and
the Qualified Bidder executes a Transportation Agreement with U-TOS, the payment
shall be credited to the Qualified Bidder's bill(s) for service under the
Transportation Agreement. In the event that the Qualified Bidder is awarded
capacity but declines to execute a Transportation Agreement with U-TOS, or the
Qualified Bidder withdraws its bid before the right of first refusal procedures
are complete, the Qualified Bidder will be deemed to have forfeited the payment.
Otherwise, in the event that the Qualified Bidder is not awarded capacity, the
payment, together with interets calculated in accordance with Section 154.67(c)
of the Commission's regulations, shall be refunded to the Qualified Bidder upon
completion of the right of first refusal procedures.