Second Revised Volume No. 1
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Effective Date: 06/13/2008, Docket: RP08-376-000, Status: Effective
Original Sheet No. 77 Original Sheet No. 77 TRANSPORTATION GENERAL TERMS AND CONDITIONS (Continued)charge on the unpaid balance that shall accrue on each calendar day from thedue date at a rate equal to the then effective FERC interest rate per annumannounced pursuant to 18 C.F.R. Section 154.67(c) (or any analogous successorregulation), provided that for any period that such late charge exceeds anyapplicable maximum Rate permitted by law, the late charge shall equal saidapplicable maximum Rate. The late charge provided for by this Paragraph shallbe compounded quarterly. If either principal or late charges are due, anypayments thereafter received shall first be applied to the late charges due,then to the previously outstanding principal due and, lastly, to the mostcurrent principal due. (b) If any bill remains unpaid for thirty (30) days after the duedate thereof: (1) MIGC shall have in addition to any other rights hereunder or inlaw the right, upon giving Shipper written notice, to take appropriate legalsteps to suspend or terminate service and Shipper, by its non-payment ofamounts due within five (5) days of notice, shall be deemed to have consentedto such suspension or termination of service; (2) provided, however, that if Shipper in good faith disputes theamount of any bill or part thereof then Shipper shall provide documentationidentifying the basis for the dispute. Shipper shall pay to MIGC such amount,if any, that Shipper concedes to be correct and, if within five (5) days of thewritten notice provided hereunder Shipper furnishes MIGC with sufficient suretybond in an amount and with surety satisfactory to MIGC or other acceptableassurance to MIGC, guaranteeing payment to MIGC of the amount ultimately founddue upon such bill after a final determination which may be reached either byagreement or by judgment of the courts, as the case may be, then MIGC shall notbe entitled to take actions necessary to suspend or terminate furtherdeliveries unless and until default be made in the conditions of such bond orassurance. 5. Delayed Bill - If MIGC fails to render to Shipper any invoice by theninth (9th) business day of the month then the time for payment shall beextended by one (1) day from each day that the rendering of said bill isdelayed unless Shipper is responsible for such delay.