Option to decrease MDQ Clause Samples

Option to decrease MDQ. At the Commencement Date and at the end of each of the first four Contract Years, Shipper shall have the right to reduce the MDQ for the remaining term of this Agreement, commencing with the next Contract Year by up to 25,000 Mcf per day, provided, however, (a) this right shall not be effective unless the total MDQ of all firm shippers on Transporter's pipeline system totals at least 525,000 Mcf per day on the date on which Shipper seeks to make effective a reduction in its MDQ; and (b) Shipper's MDQ never shall be reduced to less than 75,000 Mcf per day. Shipper shall exercise its right to reduce the MDQ (i) for the first Contract Year, by providing written notice to Transporter at least 120 days prior to the Commencement Date (as estimated by Transporter in a notice provided to Shipper at least 150 days prior to the Commencement Date) (ii) for the second Contract Year, by providing written notice at least nine months prior to the end of the first Contract Year; and (iii) for each of the three Contract Years thereafter, by providing written notice at least 12 months before the commencement of the Contract Year to which the reduction would apply.