Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 213 Original Sheet No. 213 : Effective

 

GENERAL TERMS AND CONDITIONS

 

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

 

15.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE PROGRAM

(Contd.)

 

C. Based on Transporter's continuing review of a Shipper's

financial records, Transporter shall have the right to amend

a Shipper's line of credit and lower or increase the

quantity and term.

 

D. Transporter's determination of a Shipper's creditworthiness

is solely for Transporter's purposes under Transporter's

Tariff and such determination is neither a representation

nor a guarantee to a Releasing Shipper or any other entity

as to the ability of a Replacement or Subreplacement Shipper

to pay any outstanding amount under a Released Firm

Transportation Agreement.

 

15.16 COMPLIANCE BY SHIPPER

 

By acquiring released Capacity, a Shipper agrees that it will

comply with all provisions of Transporter's Tariff and all

applicable Commission orders, rules and regulations. Such Shipper

also agrees to be responsible to Transporter for compliance with

all applicable terms and conditions of Transporter's Tariff, as

well as the terms and conditions of the Released Firm

Transportation Agreement.

 

15.17 OBLIGATIONS OF RELEASING SHIPPER

 

A. The Releasing Shipper shall continue to be liable and

responsible for all reservation charges associated with the

released Capacity up to the reservation charge specified in

such Releasing Shipper's Agreement with Transporter. The

Releasing Shipper agrees that the award of Capacity to a

Replacement Shipper or Subreplacement Shipper shall

automatically reduce the Releasing Shipper's firm Capacity

rights under the Agreement with Transporter effective on the

effective date of the release for the period of the release,

except for any period that the firm Capacity is recalled by

the Releasing Shipper (if the successful bid so permits)

until such Capacity is reput to the Replacement or

Subreplacement Shipper, in accordance with this Section 15.