Midcoast Interstate Transmission, Inc.

Second Revised Volume No. 1

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Effective Date: 10/01/1997, Docket: GT97- 71-000, Status: Effective

First Revised Sheet No. 48 First Revised Sheet No. 48 : Effective

Superseding: ORIGINAL SHEET NO. 48

RATE SCHEDULE IT (continued)

 

collectively referred to as "The Shipper") of a voluntary

petition in bankruptcy or the entry of a decree or order by

a court having jurisdiction in the premises adjudging The

Shipper bankrupt or insolvent. Insolvency, for purposes

herein, shall also include approval by any such court, as

properly filed, of a petition seeking reorganization,

arrangement, adjustment or composition of or in respect of

The Shipper under the Federal Bankruptcy Act or any other

applicable federal or state law, or appointing a receiver,

liquidator, assignee, trustee, sequestrator (or other

similar official) of The Shipper or of any substantial part

of its property, or the ordering of the winding-up or

liquidation of its affairs, with said order or decree

continuing unstayed and in effect for a period of sixty

(60) consecutive days.

 

3.3 (a) An IT Contract in the form included beginning at

Tariff Sheet No. 197, shall be executed by Shipper and

Transporter following Transporter's acceptance in

writing of Shipper's request for service and prior to

commencement of service. In the event the IT Contract

is not executed and returned by Shipper within thirty

days after Transporter tenders the contract,

Transporter shall consider the request for service

invalid.

 

(b) If the gas to be transported is not for Shipper's

system supply, or its ultimate end use, then on or

before the date the IT Contract is executed Shipper

shall (i) identify the name of the corporate entity or

entities which will ultimately receive the gas to be

transported and (ii) provide verification that the

identified ultimate recipients have executed sales

contracts related to the transportation services to

be provided under the IT Contract.

 

3.4 Shipper's IT Contract shall be terminated and Shipper's

request for service shall be deemed null and void if

Shipper fails to tender gas for transportation within

fifteen days after the later of: