EXHIBIT 10-3
AMENDMENT TO SERVICE AGREEMENT
THIS AMENDMENT ("Amendment") is entered into this 15th day
of May, 1996, by and between TRANSCONTINENTAL GAS PIPE LINE
CORPORATION, a Delaware corporation, hereinafter referred to
as "Seller" and NUI CORPORATION (formerly Elizabethtown Gas
Company), hereinafter referred to as "Buyer", second party.
WITNESSETH:
WHEREAS, Seller and Buyer entered into that certain Service
Agreement, dated January 12, 1971, under Seller's Rate
Schedule LG-A ("Service Agreement") pursuant to which Seller
provides liquefied natural gas storage service for Buyer up
to a total volume of 94,770 Mcf of natural gas which is
Buyer's Liquefaction Capacity volume; and
WHEREAS, Seller and Buyer now desire to review and extend
the primary term of the Service Agreement.
NOW THEREFORE, Seller and Buyer hereby agree to renew and
amend the Service Agreement as follows:
1. Article IV of the Service Agreement is hereby deleted in
its entirety and replaced by the following:
"ARTICLE IV
TERM OF AGREEMENT
This agreement shall be effective as of November 1,
1971 and shall remain in force and effect until 8:00
a.m. Eastern Standard Time October 31, 2002, and
thereafter until terminated by Seller or Buyer upon at
least one hundred eighty (180) days prior written
notice; provided, however, this agreement shall
terminate immediately and, subject to the receipt of
necessary authorizations, if any, Seller may
discontinue service hereunder if (a) Buyer, in Seller's
reasonable judgement fails to demonstrate
creditworthiness, and (b) Buyer fails to provide
adequate security in accordance with Section 32 of the
General Terms and Conditions of Seller's Volume No. 1
Tariff".
2. As herein amended, the Service Agreement is hereby
renewed in full force and effect pursuant to the terms
thereof.
3. This Amendment shall be effective as of the date first
above written.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be signed by their respective officers or
representatives thereunto duly authorized.
TRANSCONTINENTAL GAS PIPE NUI CORPORATION
LINE CORPORATION ("Seller") ("Buyer")
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxx
Vice President Director, Energy
Customer Service & Rates Planning
