Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.25 Original Sheet No.25 : Effective

 

RATE SCHEDULE FT-2

FIRM TRANSPORTATION SERVICE (cont'd)

 

6.3(b) Credit Evaluation - (cont'd)

 

arrangement, adjustment or composition of or in

respect of the Shipper under the Federal

Bankruptcy Code or any other applicable federal or

state law, or appointing a receiver, liquidator,

assignee, trustee, sequestrator (or other similar

official) of the Shipper or of any substantial

part of its property, or the ordering of the

winding-up or liquidation of its affairs, with

said order or decree continuing unstayed and in

effect for a period of sixty (60) consecutive

days.

 

6.4 Prepayment for Service

 

(a) Any person requesting firm service under Rate

Schedule FT-2 must along with the request, submit

a check made out to Transporter in an amount equal

to the total reservation charge(s) applicable to

the proposed service for the initial three-month

period. Such charge(s) shall be calculated based

on a Shipper Specific Heating Value of 1100 Btu

per cubic foot of gas. All such prepayments made

to Transporter are to be sent to Transporter's

designated bank at an address to be furnished by

the Transporter. Remittance should reference the

Shipper's request ID number (to be furnished by

Transporter).

 

(b) If Transporter determines that firm capacity

is available to satisfy a request, then

Transporter shall notify Shipper in writing of

Transporter's acceptance of Shipper's request for

service. An FT-2 Transportation Service Agreement

shall be executed between Transporter and Shipper.

As of the effective date of the Transportation

Service Agreement, the entire amount of the

prepayment (with interest in the case of requests

for service received on or before 3:00 p.m. CDT on

July 1, 1996) shall be credited to Shipper's

billing statements during the first months which

the Transportation Service Agreement is in effect

until the total amount of the prepayment (with

interest in the case of requests for service

received on or before