Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 01/01/1998, Docket: CP97-533-002, Status: Effective

Original Sheet No. 112 Original Sheet No. 112 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

12.2 Payments to VGS

 

Customer agrees to make payment to VGS for

transportation services or any other charges within ten (10)

days from the date the invoice is rendered. Such payment

shall include supporting documentation and remittance

detail, including identification of invoice number(s) being

paid. Unless another suitable method of payment is agreed

to by VGS, Customer shall make payment via Federal Reserve

wire transfer to the bank designated by VGS. Remittance

detail supporting the wire transfer must be mailed, faxed or

sent via EDI within twenty-four (24) hours of the wire

transfer payment to the address designated in an executed

Service Agreement. VGS will apply payments in accordance

with the supporting documentation and remittance detail

provided by the Customer. Should Customer fail to pay all

of the amount of any bill for transportation service or any

additional charges hereunder when such amount is due,

interest on the unpaid portion shall accrue at an interest

rate equal to the current FERC interest rate, as defined in

501(d) of the Commission's regulations, from the date due

until the date payment is received by VGS.

 

If such failure to pay for transportation services or

any additional charges continues for thirty (30) days after

such payment is due, in addition to any other remedy, VGS

may without liability, suspend further delivery of gas until

any overdue amount is paid. However, if Customer, in good

faith, shall dispute the amount of any such bill or part

thereof and shall pay VGS in a timely manner such amounts as

it concedes to be correct and at any time thereafter within

thirty (30) days of a demand made by VGS, and shall 1)

furnish a good and sufficient surety bond, in amount and

with sureties satisfactory to VGS, or 2) place such disputed

amounts in escrow, both conditioned upon the payment of any

amounts ultimately found due upon such bills after final

determination, which may be reached either by agreement or

judgment of the courts as may be the case, VGS shall not be

entitled to suspend further delivery of gas unless and until

default be made in the conditions of such bond or escrow

account.