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
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
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.