Enbridge Pipelines (Midla) Inc.

Fourth Revised Volume No. 1

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Effective Date: 10/01/2001, Docket: GT01- 30-000, Status: Effective

Original Sheet No. 185 Original Sheet No. 185 : Effective

 

 

exist as an ongoing business entity.

 

(e) Customers with an ongoing business relationship with

Pipeline shall have no delinquent balances outstanding for

services provided previously by Pipeline, and Customer must

have paid its account according to the established terms and

not made deductions or withheld payment for claims not

authorized by contract.

 

(f) Customer shall confirm in writing that no significant

collection lawsuits or judgments are outstanding which would

materially affect Customer's ability to remain solvent as a

business entity.

 

26.2 Upon notification by Pipeline that Customer has failed to satisfy

the credit criteria or subsequently during the term of the Service

Agreement no longer satisfies the credit criteria, such Customer

may still obtain credit approval by Pipeline if it elects to

provide one of the following:

 

(a) an advance deposit;

 

(b) a standby irrevocable letter of credit;

 

(c) security interest in collateral found to be satisfactory to

Pipeline; or

 

(d) a guarantee, acceptable to Pipeline, by another party or

entity which satisfies credit appraisal.

 

Such advance deposit, standby irrevocable letter of credit,

security interest or guarantee shall at all times equal an amount

equivalent to three (3) months of transportation (or sales if

applicable) at a one hundred percent (100%) load factor of the

requested MDQ at the maximum applicable unit rate hereunder. If

Customer's credit standing ceases to meet Pipeline's credit

requirements during the period of service, then Pipeline has the

right to require security or a deposit as specified herein. If

security or a deposit is not tendered in a timely period as

reasonably determined by Pipeline, then