MidContinent Express Pipeline LLC

Original Volume No. 1

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Effective Date: 04/10/2009, Docket: RP09-136-000, Status: Effective

Original Sheet No. 120 Original Sheet No. 120

 

GENERAL TERMS AND CONDITIONS

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provide all the information required by the posting or tariff

provision; which contains terms and conditions other than those in

MEP's Tariff and/or any applicable posting; which would not

constitute a valid request under the applicable rate schedule (it

being understood that a bid in an open season cannot be rejected for

incompleteness if all information required by the bid form and

applicable posting has been provided); or is in any way inconsistent

with MEP's Tariff and/or any applicable posting. Any Shipper wishing

to bid in an open season or submit a request for capacity must

satisfy the creditworthiness requirements in Section 12 of these

General Terms and Conditions prior to submitting a bid or request. A

Shipper cannot bid for or request services which exceed its pre-

qualified level of creditworthiness. MEP shall process - and

encourages - applications from potential bidders or requesters

seeking prequalification for bids or requests they may make in the

future. Credit applications shall be completed in full with all

information required to establish creditworthiness under the credit

criteria included in MEP's rate schedule covering the applicable

service. Should a potential bidder or requester fail to satisfy such

credit criteria, it may still qualify by providing a prepayment,

letter of credit, security interest or guarantee satisfactory to MEP

as further set forth in Section 12.1(b) of these General Terms and

Conditions. Based on MEP's continuing review of a Shipper's financial

records, MEP shall have the right to amend a Shipper's line of credit

and lower or increase the quantity and term.

 

(6) ROFR OR ROLLOVER RIGHTS

 

The capacity allocation procedures of this

Section 2.1(b) shall not apply where a Shipper is utilizing with

respect to its existing capacity the Right of First Refusal

procedures or contractual rollover rights pursuant to Section 16 of

these General Terms and Conditions or the rights of a Foundation

Shipper under a contractual provision entered into pursuant to

Section 2.7 of Rate Schedule FTS. Instead, the procedures in said

Section 16 or 2.7 will govern the award of capacity in such

instances.