Cameron Interstate Pipeline, LLC
Original Volume No. 1
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Effective Date: 06/30/2009, Docket: RP09-604-000, Status: Effective
Original Sheet No. 202A Original Sheet No. 202A
This Agreement shall become effective as of the Effective Date and shall continue in
effect for a term of ____ months thereafter ("Primary Term"); provided, that Shipper may
upon written notice delivered to Pipeline no later than six calendar months after the
Effective Date elect to extend the Primary Term by up to six calendar months. At the
expiration of the Primary Term (as it may be extended pursuant to the preceding
sentence), Shipper shall have the right, but not the obligation:
a) to extend the term of this Agreement for a period of five years beyond the
Primary Term, subject to an election one year in advance of the end of the
Primary Term;
(b) if Shipper exercises its right to extend this Agreement pursuant to
subparagraph (a) of this Section 2.1, to extend the term of this Agreement
for an additional period of five years, subject to an election one year in
advance of the end of the first five year extension period; and
(c) to extend the term of this Agreement as reasonably requested past any
extension under subparagraphs (a) and (b) above to allow for delivery of
make-up cargoes of liquefied natural gas, subject to an election one year in
advance of the then-existing term.
If Shipper exercises each of the extension options set forth above in
subparagraphs (a) and (b), Shipper shall have the right exercisable no later
than one year in advance of the end of the then-existing term to elect to
pay, in lieu of the rate payable by Shipper during the Primary Term, the
maximum applicable recourse rate for firm service. If Shipper makes such an
election, Shipper shall have the same rights as other recourse rate shippers
under the General Terms and Conditions then in effect.
Following the last extension requested by Shipper, as provided above, the service
hereunder shall continue on a year-to-year basis unless terminated by either Party
by written notice at least 12 months prior to the end of any successive one year
extension. In the event Pipeline provides such 12 month notice of termination,
Shipper shall have a contractual right of first refusal (ROFR) to be exercised in
accordance with the procedures established by Section 4 of the General Terms and
Conditions; provided, that notwithstanding the provisions hereof, Shippers period
for notifying Pipeline of Shippers desire to exercise its ROFR shall be 11 months.
2.2 Any portions of this Agreement necessary to correct or cash-out imbalances or to
make payment under this Agreement as required by the GT&Cs, or to make payment of
refunds as required by FERC, will survive the other parts of this Agreement until
such time as such balancing or payment has been completed.