Firm Transaction Awards Detail - MountainWest Overthrust Pipeline

Terms / Notes

(a) Shipper shall have a one-time right to extend the term of all or part of the current RDC for a minimum of two years up to an additional five years at the rate in effect at the time, provided this renewal is exercised by written notice a minimum of twelve (12) months prior to the effective date of any RDC reduction. Otherwise at the expiration of the initial or extended Term of Agreement, this Agreement shall continue from year to year at the rate in effect at the end of the prior year unless terminated by either Party on six (6) months written notice. Upon the exercise of any extension right pursuant to this provision, Overthrust and Shipper shall amend this Agreement to correctly state the RDC levels.



(b) If Overthrust elects to terminate this Agreement either at the end of the initial term or any renewed term, then Shipper shall have the right of first refusal. At least six months prior to the expiration of this firm transportation agreement, Shipper must notify Overthrust of its desire to continue all or a part of its existing service. If such notice is given, the Shipper shall retain a right of first refusal.