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.