Guardian Pipeline, L.L.C.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-926-000, Status: Effective
First Revised Sheet No. 130 First Revised Sheet No. 130
Superseding: Original Sheet No. 130
GENERAL TERMS AND CONDITIONS
(Continued)
8. BILLING AND PAYMENT (Continued)
(b) Termination of Service Agreement
If Shipper fails to make the payments due to
Transporter under any Rate Schedule in accordance with
this Section 8 of the GT&C, then following sixty (60)
Days' notice to Shipper by Transporter of its intent
to terminate Shipper's Service Agreement by reason of
such non-payment, Transporter shall have the right, in
addition to any and all other remedies available at
law or in equity, to terminate Shipper's Service
Agreement hereunder if Shipper fails to cure such
non-payment within such sixty (60) Day period;
provided, however, if Shipper, in good faith, disputes
the amount of any such bill or portion thereof and
pays to Transporter in a timely manner such amounts as
it concedes to be correct, Transporter shall not have
the right to terminate Shipper's Service Agreement;
and provided further, Transporter shall have all of
the rights set forth in this Section 8 of the GT&C.
8.5 Prepayment in the Event of Default
Upon default in payment for a period in excess of
twenty (20) Days, Transporter may require as a condition to
the continuation or recommencement of transportation
services a deposit or other acceptable credit arrangement
in an amount equal to not more than three (3) estimated
maximum monthly bills for transportation services at the
rates stated in Shipper's Service Agreement, which
estimated maximum monthly bills shall be based on Shipper's
actual bills for transportation services received from
Transporter during the preceding three (3) months.