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.