Equitrans, L. P.
Original Volume No. 1
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Effective Date: 11/19/1998, Docket: CP96-532-001, Status: Effective
Original Sheet No. 446 Original Sheet No. 446 : Effective
FORM OF STORAGE SERVICE AGREEMENT
FOR RATE SCHEDULES SS-3 AND STS-1
1. As soon as practicable after the last day of each month during the
term of this Agreement, Equitrans will render to Buyer a statement at the
rates provided in Paragraph VII above for services provided by Equitrans under
2. Buyer will make payment to Equitrans within ten (10) business days
of receipt of the statement by wire transfer to Seller's account at Mellon
3. If presentation of bills by Equitrans is delayed until after the
tenth (10th) day of the month, the time of payment shall be extended
accordingly unless Buyer is responsible for such delay.
4. Should Buyer fail to pay part or all of the amount of any
statement when such amount is due, Equitrans may charge interest on the unpaid
portion of the statement at the rate of one and one-half percent (1-1/2%) per
month, prorated daily, from the due date until the date of payment.
Upon termination of this Agreement, should any quantities of Buyer's gas
remain in storage with Equitrans, the parties hereto agree that such remaining
quantities shall be returned to Buyer in daily amounts. Said amounts shall be
subject to Equitrans sole discretion and to Buyer's transporter's ability to
redeliver said gas to Buyer; provided, however that unless prevented by reason
of force majeure on Equitrans or Buyer's Designee's systems, all quantities of
Buyer's gas remaining in storage upon termination of this Agreement shall be
redelivered to Buyer within six(6) months of said termination.