| Freebird Gas Storage L.L.C. |
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Original Sheet No. 23 : Effective |
| FERC Gas Tariff |
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| Freebird Gas Storage L.L.C. |
Agreement. Freebird’s resort to any remedy under this Article 8 will not
relieve Shipper of its obligation to pay Freebird for any applicable charges
accruing to Shipper’s account before such actions are taken.
8.2 Transfer of Title. Pursuant to the above-stated provisions of Section
8.1, but subject to Section 8.3 below, at Freebird’s sole option and demand,
Shipper shall transfer title to its Storage Inventory to Freebird, free and
clear of all liens, encumbrances, and adverse claims of any kind, at a price
per Dth equal to the Current Market Price of such Gas, less Freebird's costs
related to Shipper’s failure to timely remove its Gas, with "Current Market
Price" being measured on the date on which Freebird liquidates Shipper’s
Storage Inventory and which is the lesser of (A) the NYMEX Prompt Month
settlement price, as adjusted for the applicable basis differential, and (B)
the "balance of month" market price as reflected by Intercontinental Exchange
("ICE") (or the open market price, if ICE has no relevant balance of month
price information available on a timely basis.
8.3 Force Majeure. The provisions of Sections 8.1 and 8.2 are subject to the
provisions of this Section 8.3. To the extent Shipper is unable to withdraw
the Storage Inventory under a Service Agreement before the end of the
applicable service period by reason of a suspension of withdrawal rights
during the service period caused by Force Majeure declared by Freebird or
other curtailment of such rights declared by Freebird, Shipper shall be
allowed to nominate to remove all remaining inventories under such Service
Agreement, in accordance with Shipper’s MDWQ, and Freebird shall refrain from
exercising its rights under Sections 8.1 and 8.2, for a reasonable time after
the expiry of such Force Majeure or curtailment period (i.e., the same number
of Days as Shipper’s withdrawal rights were subject to such Force Majeure
and/or curtailment period during the initial service period), provided,
however, that after such reasonable time the terms of Sections 8.1 and 8.2
shall once again apply.
9. GENERAL TERMS AND CONDITIONS
Applicable provisions of the General Terms and Conditions of this FERC Gas
Tariff, as such provisions may be amended from time to time, are hereby
incorporated by reference and made a part of this Rate Schedule FSS, where
applicable, and shall supplement the terms and conditions governing service
rendered hereunder, as though stated herein; provided, however, that in the
event of any inconsistency, the terms of this Rate Schedule FSS shall
control.
| Issued by: Patrick DeVille Vice President, Marketing |
| Issue date: |
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Effective date: 10/01/08 |