NorAm Gas Transmission Company

Fourth Revised Volume No. 1

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Effective Date: 12/31/1996, Docket: RP97-193-000, Status: Effective

First Revised Sheet No. 236 First Revised Sheet No. 236 : Superseded

Superseding: Sub Original Sheet No. 236

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

exceeding $100,000.00 be made by Shipper in the

form of wire transfer directed to a bank account

designated by Transporter such that funds are

available on the date payment is due. Amounts

past due hereunder shall bear interest from the

due date until paid at the rate of interest

effective from time to time under 18 C.F.R.

Section 154.501, but not more than the maximum

lawful rate, and Shipper shall indemnify and

reimburse Transporter for all costs and

liabilities associated with the collection of

such past due amounts.

 

14.2 Default. Upon failure to receive payment when due,

Transporter upon at least ten (10) Days written

notice to Shipper may suspend or discontinue service

until satisfactory credit arrangements or other

compliance has been made, without prejudice to any

other rights and remedies available to Transporter.

Transporter may terminate the applicable Service

Agreement and the provision of service thereunder

without prejudice to any other rights and remedies

available to it, provided ten (10) Days prior written

notice of such intent to terminate is provided to

Shipper and Shipper's default is not cured within a

period of thirty (30) Days from the date payment is

due. Transporter may require as a condition of

recommencement or continuation of service or deferral

of termination a reasonable refundable deposit or

bond or increase in an existing deposit or bond at

any time to secure payment of bills, in the manner

described in Section 14.5 of these General Terms and

Conditions.

 

14.3 Examination of Records. Each party shall have the

right by written request to examine at reasonable

hours the charts, books and records of the other

party for the twelve (12) Months immediately

preceding the request to the extent necessary to

verify the accuracy of any statements, charges or