ANR Storage Company

Original Volume No. 1

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Effective Date: 11/01/2007, Docket: RP08- 16-000, Status: Effective

First Revised Sheet No. 152 First Revised Sheet No. 152 : Effective

Superseding: Original Sheet No. 152

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

Seller, of a continuing nature and in an

amount equal to such amounts which would be

due for service. If such payment on

account or payment security is not received

within such fifteen (15) Day notice period,

Seller may, without waiving any rights or

remedies it may have, suspend further

service for a period of ten (10) Days.

 

If such payment on account or a payment security

is not received within such ten (10) Day

suspension period, then Seller shall no longer be

obligated to continue to provide service to such

Customer.

 

Seller shall not be required to commence service, or

subject to the following provisions, to continue to

provide service and may terminate an Agreement with any

Customer under Rate Schedule FS having a term of more

than one year if Customer, or its guarantor, fails to

maintain a long-term debt rating issued by either

Moody's Investors Service, or Standard and Poor's

Corporation, or Customer's, or its guarantor's, long-

term debt rating issued by Moody's Investors Service or

Standard and Poor's Corporation falls below a rating of

at least Baa3 according to Moody's Investors Service or

BBB- according to Standard & Poor's Corporation;

provided, however, that any such Customer that is

receiving service shall continue to receive service for

a period of three (3) Months during which Customer

shall have the ability to:

 

(1) attain minimum long-term debt ratings as

described above; or

 

(2) secure a guarantee by a person with a

minimum long-term debt rating as described

above, provided further, if Customer should

fail to meet the requirements set forth

within the three-Month period, Seller shall

have the right to market the capacity

underlying the Service Agreement(s) in

question to other Customers meeting the

requirements as set forth herein.

 

11.6 Interpretation of Laws. Any Agreement shall be

interpreted, performed and enforced in accordance with

the laws of the State of Michigan.