MarkWest Pioneer, L.L.C.
Original Volume No. 1
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Effective Date: 04/01/2009, Docket: RP09-321-000, Status: Effective
Original Sheet No. 56 Original Sheet No. 56
GENERAL TERMS AND CONDITIONS
7.6.1. Guarantee - Shipper may provide a guarantee of financial performance
in a form satisfactory to Transporter and for the term of the FT
Agreement from a corporate affiliate of the Shipper or a third
party, either of which meets the creditworthiness standards set
forth in this section;
7.6.2. Cash Security Deposit - Shipper may provide a cash security deposit
for service via cleared check or wire transfer. The deposit must be
sufficient to cover the applicable reservation and commodity charges
for three (3) months of service and shall be maintained until
Shipper meets Transporter’s creditworthiness standards. Transporter
will accrue interest on cash security deposits based on interest
rates established by the Commission;
7.6.3. Letter of Credit - Shipper may post a Letter of Credit in a form
acceptable to Transporter; or
7.6.4. Other Security - Shipper may provide such other security as Shipper
and Transporter may mutually agree upon.
7.7. Any suspension of service hereunder shall continue until Transporter is
reasonably satisfied that Shipper is creditworthy under this section or
until Shipper has provided adequate assurance of future performance under
7.8. If Transporter determines that Shipper becomes creditworthy without
security, any security requirements under this section shall be terminated
and any prepayment amounts (including any applicable interest) released to
Shipper from escrow within five (5) business days after such determination.
7.9. Security Requirements for Expansion Capacity – The security requirement for
expansion capacity may be identified in an open season, in Transporter’s
postings, or in agreements with Shippers. The amount of security required
for expansion capacity or on lateral facilities will be determined by
Transporter and may be up to the cost of the facilities to be constructed.
Where new facilities serve multiple shippers, an individual Shipper’s
maximum security obligation will be no more than its proportionate share of
the total cost of the new facilities.