Stingray Pipeline Company

Third Revised Volume No. 1

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Effective Date: 10/01/2000, Docket: RP00-550-000, Status: Effective

Second Revised Sheet No. 175 Second Revised Sheet No. 175 : Effective

Superseding: Substitute First Revised Sheet No. 175

 

 

GENERAL TERMS AND CONDITIONS

 

 

16.17 OBLIGATIONS OF RELEASING SHIPPER

 

(a) Subject to Section 16.17(c), the Releasing Shipper shall

continue to be liable and responsible for all reservation

charges associated with the released capacity up to the

reservation charge specified in such Releasing Shipper's

Agreement with Stingray. The Releasing Shipper agrees that the

award of capacity to a Replacement Shipper or Subreplacement

Shipper shall automatically reduce the Releasing Shipper's firm

capacity rights under the Agreement with Stingray effective on

the effective date of the release for the period of the release,

except for any period that the firm capacity is recalled by the

Releasing Shipper (if the successful bid so permits) until such

capacity is reput to the Replacement or Subreplacement Shipper,

in accordance with this Section 16.

 

(b) A release by a Replacement Shipper shall not relieve the

Original Shipper or the Replacement Shipper of their obligations

under this Section 16.

 

(c) In the event that a Released Firm Transportation Agreement

covers the remaining term of the Eligible Firm Transportation

Agreement at maximum rates, or higher if applicable pursuant to

Section 16.7(c) hereof, then the Original Shipper may request in

writing that the Original Shippers' rights and obligations under

the Eligible Firm Transportation Agreement shall be

prospectively assigned to, and be assumed by, the Replacement

Shipper. Following such request, Stingray shall send the

Original Shipper and Replacement Shipper an assignment agreement

to so provide. In the event that the Original Shipper and the

Replacement Shipper execute such assignment agreement, subject

to the approval of Stingray's lenders if Stingray's loan

agreement so requires, the Original Shipper shall be released

from all liability under the Eligible Firm Transportation

Agreement arising after such execution date.