Stingray Pipeline Company, L. L. C.
Third Revised Volume No. 1
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Effective Date: 01/01/1999, Docket: RP99-166-000, Status: Effective
First Revised Sheet No. 105 First Revised Sheet No. 105 : Effective
Superseding: Substitute Original Sheet No. 105
GENERAL TERMS AND CONDITIONS
2. ASSIGNMENT TO DOWNSTREAM CUSTOMERS OF PIPELINE SHIPPERS
(a) Any interstate pipeline company which holds capacity on
Stingray under any firm transportation Agreement which will continue
in effect beyond December 1, 1993 may assign all or any portion of
that capacity to its existing customers subject to the remainder of
this Section 2.
(b) An assignment pursuant to this Section shall not be valid
unless and until the following prerequisites are satisfied:
(1) The proposed assignment meets all of the
requirements of Stingray's Tariff for service under the applicable
Rate Schedule including, but not limited to, the credit requirements;
(2) The proposed assignee has executed an Agreement
directly with Stingray under the Rate Schedules FTS and/or FTS-2.
(c) Unless otherwise agreed by Stingray, the Firm Receipt and
Delivery Point(s) under the Agreement with the assignee must be the
same as under the Agreement being assigned and the Agreement term
must be for a period at least as long as the remaining term of the
Agreement being assigned.
(d) Any assignment of firm capacity shall be effective the
later of the date specified in the assigning interstate pipeline's
effective tariff sheets implementing the assignment procedures, or
the date on which the prerequisites under subsection (b) hereof are
satisfied, or the date specified in the Agreement executed by the
assignee with Stingray.
(e) The assigning interstate pipeline shall remain liable for
the payment of the demand/reservation charges applicable to the
assignee through the original term of the assignor's Agreement under
Rate Schedule FTS in the event the assignee fails to timely make
payment of such charges, except where Stingray's loan agreement
permits Stingray to release the assignor from such liability.