RATE SCHEDULE PAL
PARK AND LOAN SERVICE
6. FAILURE BY BUYER TO RESPOND (Continued)
6.1 Park Service (Continued)
(i) Company's prevailing operations require Company to
notify Buyer that receipts of parked quantities
must be suspended or be reduced, and Buyer fails
to comply with such notification; and/or
(ii) Company's prevailing operations require Company
to notify Buyer that all or part of Buyer's parked
quantities must be removed, and Buyer fails to
comply within the specified time frame; and/or
(iii) Subject to Subsection 2.4 herein, the PAL account
reflects a balance at the termination date of the
associated Exhibit A to an executed PAL Agreement.
(b) If, pursuant to Subsection 6.1(a)(i), Company notifies
Buyer that receipts of parked quantities must be
suspended or be reduced, only those quantities parked
in violation of the notification shall become the
property of Company at no cost to Company, free and
clear of any adverse claims.
(c) No penalty will be assessed, pursuant to this
Subsection, on a remaining balance if the
Buyer-submitted nominations related to that balance to
clear the PAL transaction cannot be scheduled by the
Company, through no fault of the Buyer.
6.2 Loan Service
(a) In the event any of the following occurs, loaned
quantities shall be sold to Buyer at 150% of the
highest weekly average of the daily Midpoint Chicago
LDC Citygate prices as reported in Gas Daily during the
term of the agreed upon transaction as set forth in the
associated Exhibit A to a PAL Agreement:
(i) Company's prevailing operations require Company
to notify Buyer that deliveries of Buyer's
loaned quantities must be suspended or be
reduced, and Buyer fails to comply with such
notification; and/or
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