Petal Gas Storage, L. L. C.
Original Volume No. 1
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Effective Date: 05/01/2002, Docket: RP02-188-000, Status: Effective
First Revised Sheet No. 205 First Revised Sheet No. 205 : Effective
Superseding: Original Sheet No. 205
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
Interconnecting Pipeline 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
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
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.