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. 223 Original Sheet No. 223

 

GENERAL TERMS AND CONDITIONS

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released capacity less the recalled capacity that is adjusted based

upon the EPC. MEP shall not be obligated to deliver in excess of the

total MDQ of the release as a result of any recall. The service

flexibility available to either the Releasing Shipper or the

Replacement Shipper for the subject capacity shall not be less as a

result of the recall.

 

(e) REPUTS

 

When capacity is recalled, it may not be reput for

the same Day.

 

(f) DISPUTES

 

In the event of a dispute between the Releasing

Shipper and any other person as to the validity of any recall or

reput, or the status of the holder of the capacity rights, MEP shall

be entitled to conclusively rely on any notice provided by the

Releasing Shipper. The Original Shipper, Replacement Shipper and/or

Subreplacement Shipper involved in any such dispute shall indemnify

and hold MEP harmless from any costs, damages or expenses relating to

MEP's reliance on such notice.

 

14.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY

RELEASE PROGRAM

 

(a) Any person wishing to become a Qualified Bidder

and make a Qualified Bid must satisfy the creditworthiness

requirements in Section 12.1(a) of these General Terms and Conditions

prior to submitting a Qualified Bid under this Section 14. A person

cannot bid for services which exceed its pre-qualified level of

credit-worthiness. MEP shall process--and encourages--applications

from potential Qualified Bidders seeking prequalification for bids

they may make in the future.

 

(b) Credit applications shall be completed in full

with all information required to establish creditworthiness under the

credit criteria included in Section 12.1(a) of these General Terms

and Conditions. Should a potential bidder fail to satisfy such credit

criteria, the potential bidder may still become a Qualified Bidder 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.