Maritimes & Northeast Pipeline, L.L.C.
First Revised Volume No. 1
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Effective Date: 01/07/2008, Docket: RP08-113-000, Status: Effective
First Revised Sheet No. 225 First Revised Sheet No. 225 : Effective
Superseding: Original Sheet No. 225
GENERAL TERMS AND CONDITIONS
(continued)
3. SERVICE REQUESTS AND CONTRACTING FOR SERVICE (continued)
The advance deposit or standby irrevocable letter of
credit should at all times equal the amount equal to
twelve (12) Months of transportation at a 100% load
factor of the requested MDTQ at the maximum applicable
unit rate hereunder. Customer/Interconnecting Party
shall continue to provide such advance deposit or
letter of credit for a period of twelve (12) Months
following the termination of service, unless
Customer/Interconnecting Party pays all of the amounts
of any invoices for service as reasonably determined
by Pipeline prior to that time. If security or a
deposit is not tendered in a timely manner as
reasonably determined by Pipeline, then Pipeline is
not required to continue service. If
Customer/Interconnecting Party or (if applicable)
Customer's guarantor is unable to maintain credit
approval by satisfying the requirements of Section 3.7
or Section 3.8 as applicable, the executed Service
Agreement shall terminate as of the first Day of the
Month following written notice from Pipeline to
Customer/Interconnecting Party.
3.9 It is a condition precedent to project financing that
Pipeline enter into firm Service Agreements for a minimum
quantity of capacity with Customers (or assignees or
Replacement Customers) that meet the credit criteria in
Section 3.7(b) or 3.7(c) above.