Kinder Morgan Illinois Pipeline LLC

Original Volume No. 1

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Effective Date: 12/01/2007, Docket: RP08- 34-000, Status: Effective

Original Sheet No. 199 Original Sheet No. 199 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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(b) Credit applications shall be completed in full

with all information required to establish creditworthiness under

the credit criteria included in Section 12.1(a) of these General

Terms and Conditions. Should a potential bidder fail to satisfy such

credit criteria, the potential bidder may still become a Qualified

Bidder by providing a prepayment, letter of credit, security

interest or guarantee satisfactory to KMIP as further set forth in

Section 12.1(b) of these General Terms and Conditions.

 

(c) Based on KMIP's continuing review of a Shipper's

financial records, KMIP shall have the right to amend a Shipper's

line of credit and lower or increase the quantity and term.

 

(d) KMIP's determination of a Shipper's

creditworthiness is solely for KMIP's purposes under KMIP'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.

 

14.16 COMPLIANCE BY SHIPPER

 

By acquiring released capacity, a Shipper agrees that it

will comply with all provisions of KMIP's Tariff and all applicable

Commission orders, rules and regulations. Such Shipper also agrees

to be responsible to KMIP for compliance with all applicable terms

and conditions of KMIP's Tariff, as well as the terms and conditions

of the Released Firm Transportation Agreement.

 

14.17 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 KMIP. 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 KMIP

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 14.