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.