Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/10/2010, Docket: RP10-594-000, Status: Effective

First Revised Sheet No. 120 First Revised Sheet No. 120

Superseding: Original Sheet No. 120

GENERAL TERMS AND CONDITIONS

19.7 Billing and Payment:

(a) An ACQUIRING SHIPPER shall be billed by Transporter and

shall make payments to Transporter in accordance with the

terms of its executed FT-1 or FT-2 Transportation Service

Agreement or a Temporary Release Agreement. On the

RELEASING SHIPPER's bill for a month in which it released

capacity hereunder on a temporary basis, Transporter shall

credit, subject to the terms of the RELEASING SHIPPER's TSA,

all the reservation charge billed by Transporter to the

ACQUIRING SHIPPER for the released capacity; provided,

however, that in the event the ACQUIRING SHIPPER fails to

pay Transporter for any part of the amount credited to the

RELEASING SHIPPER's bill, Transporter reserves the right to

reverse the credit on the RELEASING SHIPPER's bill in a

later month up to the unpaid amount plus interest thereon

calculated pursuant to Section 14.3. If the ACQUIRING

SHIPPER fails to pay its reservation charges pursuant to the

provisions of Section 14, the RELEASING SHIPPER shall have

the right to recall its capacity by notifying the ACQUIRING

SHIPPER and Transporter of such recall pursuant to the

provisions of Section 19.4. All reservation charge credits

to the RELEASING SHIPPER's bill shall be final and

nonreversible upon Transporter's receipt of full payment

therefor from the ACQUIRING SHIPPER.

(b) The ACQUIRING SHIPPER shall be obligated to pay Transporter

the reservation and commodity rates, plus all associated

volumetric surcharges, applicable to the volumes Transporter

transports under the ACQUIRING SHIPPER's FT-1 or FT-2

Transportation Service Agreement or Temporary Release

Agreement. Transporter will retain the transportation

charges and associated volumetric surcharges it received

from the ACQUIRING SHIPPER. If any of the charges billed to

and paid by the ACQUIRING SHIPPER under its FT-1 or FT-2

Transportation Service Agreement or Temporary Release

Agreement exceed the rate which the Commission determines to

be just and reasonable and Transporter is ordered to make

refunds, the ACQUIRING SHIPPER shall be eligible to receive

refunds to the extent of any payments it made in excess of

the rates the Commission subsequently determined to be just

and reasonable.