Markwest New Mexico, L. L. C.
Second Revised Volume No. 1
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Effective Date: 08/01/2008, Docket: RP08-409-000, Status: Effective
Original Sheet No. 105 Original Sheet No. 105 27. "Operational Balancing Agreement" or "OBA" is a contract between parties which specifies the procedures to manage operating balances at an interconnect. 28. "Operational Flow Order" or "OFO" is an order issued pursuant to Section 12 of these General Terms and Conditions. 29. "Payment Due Date" means the 25th day of each month. If the Payment Due Date is not a Business Day, then payment must be received by Transporter or by the financial institution so designated by Transporter for payment, on or before the first Business Day immediately prior to the Payment Due Date. 30. "Person" means a natural person, sole proprietorship, firm, trust, trustee, executor, administrator or other legal personal representative, partnership, limited partnership, joint venture, syndicate, company or corporation with or without share capital, unincorporated association, regulatory body or agency, government of governmental agency, authority or entity however designated or constituted. 31. "Point Operator" has the meaning set forth in Section 4.7 of these General Terms and Conditions. 32. "Pre-arranged Replacement Shipper" and "PRS" mean the entity designated by Releasing Shipper prior to the Released Capacity being posted on the Web Site system in accordance with Section 20. 33. "Prepayment", with respect to requests for capacity or service, means that amount of money that must be submitted by a Shipper along with a request for service. Such amount will be credited to Shipper's invoice for services provided by Transporter, or forfeited by Shipper if it fails to enter into a Transportation Agreement with Transporter in accordance with the terms of Transporter's FERC Gas Tariff. With respect to creditworthiness, prepayment means the advance payment for transportation services rendered by Transporter.