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.