Nautilus Pipeline Company, LLC
Original Volume No. 1
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Effective Date: 04/05/2010, Docket: RP10-475-000, Status: Effective
First Revised Sheet No. 123 First Revised Sheet No. 123
Superseding: Original Sheet No. 123
GENERAL TERMS AND CONDITIONS
10. SERVICE REQUESTS AND CONTRACTING FOR SERVICE con't
(3) security interest in collateral which is found to be
satisfactory to Transporter; or
(4) a guarantee, acceptable to Transporter, by another
Person or entity which satisfies acceptable credit.
Such advance deposit, standby irrevocable letter of credit,
security interest or guarantee shall at all times equal
estimated charges for three (3) Months of transportation at
a 100% load factor of the requested MDTQ at the maximum
applicable unit rate under Rate Schedules FT-1, and one (1)
Contract Quarter at a 100% load factor of the requested MDTQ
at the maximum applicable unit rate under Rate Schedules FT-
2 and/or FT-3.
(b) If Shipper's credit standing ceases to meet Transporter's
credit requirements during the period of service, then
Transporter has the right to require security or a deposit
as specified in Section 10.5(a). If security or a deposit
is not tendered in a timely period as reasonably determined
by Transporter, then Transporter is not required to continue
service. If Shipper is unable to maintain acceptable
credit, the executed Service Agreement shall terminate as of
the first Day of the Month following written notice to
Shipper.