Riverside Pipeline Company, L. P.

First Revised Volume No. 1

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Effective Date: 10/01/1993, Docket: RS92- 48-001, Status: Effective

Original Sheet No. 74 Original Sheet No. 74 : Effective

 

 

GENERAL TERMS AND CONDITIONS

 

 

6. BILLING

 

Billing under Rate Schedules: Riverside shall submit a bill to Shipper

on or before the twentieth (20th) day of each calendar month for natural

gas received, transported and delivered during the preceding billing

month.

 

7. PAYMENT

 

7.1 Payment under Rate Schedules: On or before the tenth (10th) day

following the date of Riverside's monthly billing, Shipper shall

pay to or on the order of Riverside in immediately available funds

at the location specified in Riverside's invoice, the amount of

the bill rendered by Riverside for the billing month in accordance

with Section 6 hereof.

 

7.2 Interest on Unpaid Amounts: Should Shipper fail to pay the amount

of any bill rendered by Riverside when such amount is due,

interest thereon shall accrue at an average prime interest rate

computed in a manner consistent with Section 154.67 of the

Commission's Regulations from the due date through the date of

receipt of payment by Riverside.

 

7.3 Capacity assignment arrangements: If the Replacement Shipper

fails to pay Riverside, the Releasing Shipper shall be liable for

full payment of the reservation charge and applicable surcharges.

Service to that Releasing Shipper may be suspended or terminated

pursuant to the provisions of the following paragraph. If the

Releasing Shipper fails to pay the reservation charges which it

remains responsible for, service may be suspended or terminated,

pursuant to the provisions of the following paragraph, to both

that Releasing Shipper and to its Replacement Shipper who is

shipping under assignment of the agreement for which the

reservation charges are due.