Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective

Original Sheet No. 148 Original Sheet No. 148 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

(d) at any time thereafter within 20 Days of a demand

made by Transporter furnishes good and sufficient

surety bond, guaranteeing payment to Transporter of

the amount ultimately found due upon such bill after

a final determination which may be reached either by

agreement or judgement of the courts, as may be the

case, then Transporter shall not be entitled to

suspend further services because of such non-payment

pursuant to Section 10.2 unless and until default be

made in the conditions of such bond.

 

10.5 In the event that Shipper does not pay the full amount due

Transporter in accordance with this Section 10,

Transporter, without prejudice to any other rights or

remedies it may have, shall have the right to withhold and

set off payment of any amounts of monies due or owing by

Transporter to Shipper, against any and all amounts or

monies due or owing by Shipper to Transporter for

Transportation Services provided.

 

10.6 Any payments received under this Section 10 shall first be

applied to accrued interest, then to additional charges

due, then to the previously outstanding principle, and

lastly, to the most current principle due.