Cimarron River Pipeline, LLC

Original Volume No. 1

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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective

Original Sheet No. 254 Original Sheet No. 254

 

GENERAL TERMS AND CONDITIONS

 

(c) Unless otherwise stated in this Tariff, its General Terms and

Conditions, or the TSA or MPS Agreement, the effective payment due date of

an invoice when the due date does not fall upon a Business Day (as defined

in NAESB Standard 3.2.1) is the first Business Day following the due date.

 

14.3 Interest on Unpaid or Overpaid Amounts:

 

Should Shipper fail to pay any amount when due, or if found to have paid in

excess of the amount ultimately due pursuant to the resolution of a good

faith dispute, interest on the unpaid or overpaid amount shall accrue at a

rate equal to the lower of the rate then stated in Section 154.501 of the

Commission's Regulations or the highest amount allowed by law from the date

payment was due, pursuant to Section 14.2, and continue until payment to

Transporter or refund to Shipper is made.

 

14.4 Failure to Pay:

 

Except in the case of a good faith dispute, if Shipper fails to make payment

to Transporter pursuant to Section 14.2, and the failure to make payment

continues for 20 days or more, Transporter may suspend the further

transportation of gas under Shipper's TSAs upon ten days prior written

notice to Shipper and to the Commission, but the exercise of this right

shall be in addition to any other remedy available to Transporter.

 

14.5 Good Faith Dispute:

 

If Shipper in good faith disputes the amount shown as due to Transporter on

a billing statement, Shipper shall provide a description and supporting

documentation of its position and timely submit payment of the amount it

concedes is due to Transporter. Transporter shall apply the payment

consistently with Shipper's documentation. Transporter's acceptance of a

partial payment does not waive Transporter's right to full payment after

resolution of the disputed invoice. Shipper and Transporter shall use all

reasonable efforts to resolve the dispute; provided, however, if the

resolution of the good faith dispute results in Shipper or Transporter owing

the other an additional amount, Section 14.3 shall apply from the date

payment was due, pursuant to Section 14.2, until payment of the additional

amount is made. Section 14.6 below shall not apply to a good faith dispute.

 

14.6 Prepayment in the Event of Default:

 

Upon default in payment for a period in excess of 20 days, Transporter may,

upon 30 days prior written notice to Shipper require as a condition to the

continuance or recommencement of transportation services a deposit or other

acceptable Security under Section 5.7 above.