Common use of Specification of Negotiated Rate and Term Clause in Contracts

Specification of Negotiated Rate and Term. During the primary term of this service agreement (as set forth in Article IV of this service agreement) (“Primary Term”), Buyer shall pay Seller a daily reservation rate of $0.6000 per dt (“Negotiated Reservation Rate”). In addition to such Negotiate Reservation Rate, Buyer shall be responsible for compressor fuel and line‐ loss makeup retention and shall pay the electric power unit rates, commodity rates and all applicable surcharges set forth in Seller’s FERC Gas Tariff for Rate Schedule FT service to Buyer under this service agreement as approved by FERC. The fuel and line‐loss makeup retention, electric power unit rates, commodity rates, and applicable surcharges are subject to change from time to time as approved by the FERC, and either party may exercise its statutory rights to effectuate or oppose such changes. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the Primary Term, to extend the term of this service agreement for an additional five (5) year period (“First Term Extension”) for all or a portion of the TCQ (as elected by Buyer) in effect during the Primary Term and, at the sole election of Buyer, at either (A) the Negotiated Reservation Rate and all other applicable rates and charges as further described above, or (B) the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the First Term Extension, to extend the term of this service agreement for a second additional term of at least one (1) year for all or a portion of the TCQ (as elected by Buyer) in effect during the First Term Extension and at the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Xxxxx agrees not to file or cause to be filed with the FERC any action, claim, complaint, or other pleading under Section 5 of the NGA, or support or participate in any such proceeding initiated by any other party, requesting a change to or in any way opposing the negotiated rate set forth above. Seller agrees not to file or cause to be filed with the FERC under Section 4 of the NGA to seek to modify the negotiated rate set forth above. THIS AGREEMENT entered into this 29th day of December, 2014, by and between TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC, a Delaware limited liability company, hereinafter referred to as "Seller," first party, and MMGS INC., hereinafter referred to as "Buyer," second party,

Specification of Negotiated Rate and Term. During the primary term of this service agreement (as set forth in Article IV of this service agreement) (“Primary Term”), Buyer shall pay Seller a daily reservation rate of $0.6000 0.5750 per dt (“Negotiated Reservation Rate”). In addition to such Negotiate Negotiated Reservation Rate, Buyer shall be responsible for compressor fuel and line‐ loss makeup retention and shall pay the electric power unit rates, commodity rates and all applicable surcharges set forth in Seller’s FERC Gas Tariff for Rate Schedule FT service to Buyer under this service agreement as approved by FERC. The fuel and line‐loss makeup retention, electric power unit rates, commodity rates, and applicable surcharges are subject to change from time to time as approved by the FERC, and either party may exercise its statutory rights to effectuate or oppose such changes. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the Primary Term, to extend the term of this service agreement for an additional five (5) year period (“First Term Extension”) for all or a portion of the TCQ (as elected by Buyer) in effect during the Primary Term and, at the sole election of Buyer, at either (A) the Negotiated Reservation Rate and all other applicable rates and charges as further described above, or (B) the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the First Term Extension, to extend the term of this service agreement for a second additional term of at least one (1) year for all or a portion of the TCQ (as elected by Buyer) in effect during the First Term Extension and at the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Xxxxx agrees not to file or cause to be filed with the FERC any action, claim, complaint, or other pleading under Section 5 of the NGA, or support or participate in any such proceeding initiated by any other party, requesting a change to or in any way opposing the negotiated rate set forth above. Seller agrees not to file or cause to be filed with the FERC under Section 4 of the NGA to seek to modify the negotiated rate set forth above. THIS AGREEMENT entered into this 29th day of DecemberOctober, 20142015, by and between TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC, a Delaware limited liability company, hereinafter referred to as "Seller," first party, and MMGS PIEDMONT NATURAL GAS COMPANY, INC., hereinafter referred to as "Buyer," second party,

Specification of Negotiated Rate and Term. During the primary term of this service agreement (as set forth in Article IV of this service agreement) (“Primary Term”), Buyer shall pay Seller a daily reservation rate of $0.6000 0.5500 per dt (“Negotiated Reservation Rate”). In addition to such Negotiate Negotiated Reservation Rate, Buyer shall be responsible for compressor fuel and line‐ loss line‐loss makeup retention and shall pay the electric power unit rates, commodity rates and all applicable surcharges set forth in Seller’s FERC Gas Tariff for Rate Schedule FT service to Buyer under this service agreement as approved by FERC. The fuel and line‐loss makeup retention, electric power unit rates, commodity rates, and applicable surcharges are subject to change from time to time as approved by the FERC, and either party may exercise its statutory rights to effectuate or oppose such changes. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the Primary Term, to extend the term of this service agreement for an additional five (5) year period (“First Term Extension”) for all or a portion of the TCQ (as elected by Buyer) in effect during the Primary Term and, at the sole election of Buyer, at either (A) the Negotiated Reservation Rate and all other applicable rates and charges as further described above, or (B) the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Seller will agree, upon written request by Xxxxx at least thirteen (13) months prior to the end of the First Term Extension, to extend the term of this service agreement for a second additional term of at least one (1) year for all or a portion of the TCQ (as elected by Buyer) in effect during the First Term Extension and at the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project. Buyer shall have all ROFR rights upon termination of this service agreement as determined by the Right of First Refusal Procedures as set forth in Section 48 of the General Terms and Conditions of Seller’s FERC Gas Tariff. Xxxxx agrees not to file or cause to be filed with the FERC any action, claim, complaint, or other pleading under Section 5 of the NGA, or support or participate in any such proceeding initiated by any other party, requesting a change to or in any way opposing the negotiated rate set forth above. Seller agrees not to file or cause to be filed with the FERC under Section 4 of the NGA to seek to modify the negotiated rate set forth above. THIS AGREEMENT entered into this 29th 21st day of DecemberOctober, 20142015, by and between TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC, a Delaware limited liability company, hereinafter referred to as "Seller," first party, and MMGS PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INC., a South Carolina corporation, hereinafter referred to as "Buyer," second party,