Subject: bp red rock contract
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in bp energy ' s red rock contract # 27609 , bp has certain termination rights if tw defaults on certain obligations . so that everyone is aware of the rights and obligations of both parties , they are stated below .
transwestern must certify to bp by december 31 , 2001 or such date as the parties may agree upon , that transwestern has received acceptable licenses , permits ( except air permits ) , approvals , right - of - way interests and utilities for construction and operation of the red rock expansion . if this condition is not met , or otherwise waived by the parties , bp shall have the right upon thirty ( 30 ) days prior written notice , exercised no later than sixty ( 60 ) days after december 31 , 2001 to terminate the agreement .
transwestern must certify to bp by march 31 , 2002 that transwestern has received acceptable air permits . if this condition is not met , or otherwise waived by the parties , bp shall have the right upon thirty ( 30 ) days prior written notice , exercised no later than sixty ( 60 ) days after march 31 , 2002 to terminate the agreement .
lorraine