Kinder Morgan Louisiana Pipeline LLC
Original Volume No. 1
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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective
Original Sheet No. 170 Original Sheet No. 170
GENERAL TERMS AND CONDITIONS
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(i) payment in advance for all fees and
charges for forty-two (42) Months of service for Shippers
subscribing to capacity prior to the pipeline being in service and
for three (3) months for those Shippers subscribing to capacity
after the pipeline is in service, except to the extent otherwise
agreed;
(ii) a standby irrevocable letter of credit
covering all fees and charges for forty-two (42) Months of service
for those Shippers subscribing to capacity prior to the pipeline
being in service and for three (3) Months for those Shippers
subscribing to capacity after the pipeline is in service drawn upon
a bank acceptable to KMLP; except to the extent otherwise agreed
drawn upon a bank acceptable to KMLP except to the extent otherwise
agreed;
(iii) security interest covering all fees and
charges for forty-two (42) Months of service for those Shippers
subscribing to capacity prior to the pipeline being in service and
for three (3) Months for those Shippers subscribing to capacity
after the pipeline is in service in collateral provided by the
Shipper found to be satisfactory to KMLP except to the extent
otherwise agreed; or
(iv) guarantee of all fees and charges for
forty-two (42) Months of service for those Shippers subscribing to
capacity prior to the pipeline being in service and for three (3)
months for those Shippers subscribing to capacity after the pipeline
is in service by a person or another entity which does satisfy the
credit appraisal, except to the extent otherwise agreed.
(2) Nothing herein shall be read to preclude KMLP
from requiring, and enforcing for the term of the initial contracts,
a greater amount of security in agreements supporting an application
for a certificate to construct new or expanded facilities, including
any replacement contract entered into upon a permanent release of
capacity under such an initial contract, any assignment of such an
initial contract or any resale of capacity subject to such an
initial contract in the event of a default.
(c) Where a Shipper selects the prepayment option under
Section 12.1(b) of these General Terms and Conditions, the
prepayment amounts shall be deposited in an interest-bearing escrow
account if such an account has been established by Shipper which