American Midstream (Midla), LLC

Sixth Revised Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-483-000, Status: Effective

Original Sheet No. 183 Original Sheet No. 183

 

(c) security interest in collateral found to be satisfactory to Pipeline; or

 

(d) a guarantee, acceptable to Pipeline, by another party or entity which satisfies credit

appraisal.

 

Such advance deposit, standby irrevocable letter of credit, security interest or guarantee

shall at all times equal an amount equivalent to three (3) Months of transportation (or

sales if applicable) at a one hundred percent (100%) load factor of the requested MDQ at

the maximum applicable unit rate hereunder. If Customer's credit standing ceases to

meet Pipeline's credit requirements during the period of service, then Pipeline has the

right to require security or a deposit as specified herein. If security or a deposit is not

tendered in a timely period as reasonably determined by Pipeline, then Pipeline is not

required to continue service. If Customer is unable to maintain credit approval, the

executed Service Agreement shall terminate as of the first Day of the Month following

written notice to Customer.

 

26.3 At any time after the Customer is determined to be noncreditworthy by Midla, the

Customer may initiate a creditworthiness re-evaluation. As part of the reevaluation

request, the Customer should either update or confirm in writing the prior information

provided to Midla related to the Customer?s creditworthiness. Such update should

include any event(s) that the Customer believes could lead to a material change in the

Customer?s creditworthiness.

 

26.4 After Midla's receipt of Customer?s request for re-evaluation, including all required

information pursuant to NAESB WGQ Standard 0.3.8 ("SR's Request"), within five (5)

Business Days, Midla should provide a written response to the Customer?s Request.

Such written response should include either a determination of creditworthiness status,

clearly stating the reason(s) for Midla's decision, or an explanation supporting a future

date by which a re-evaluation determination will be made. In no event should such re-

evaluation determination exceed twenty (20) Business Days from the date of the receipt

of the Customer?s Request unless specified in Midla's tariff or if the parties mutually

agree to some later date.