GENERAL TERMS AND CONDITIONS

(continued)


 


 

If the normal payment date is a Saturday, Sunday or holiday, then

payment is due the following Business Day.


 

The Party making payment should submit supporting documentation;

party receiving payment should apply payment per supporting

documentation provided by the paying party; and if payment differs

from invoiced amount, remittance detail should be provided with the

payment. The statement of account should report outstanding

balances by invoice.


 

19.5 Failure to Pay. Should Shipper fail to pay all of the amount of any

bill as herein provided when such amount is due, interest on the

unpaid portion of such amount shall accrue at the rate equal to the

rate set forth in Section 154.501 of the Commission's Rules and

Regulations from the due date until the date of payment. If such

failure to pay continues for thirty (30) days after payment is due,

Pipeline, in addition to any other remedy it may have, may notify a

Shipper in writing of its nonpayment, allowing Shipper thirty days

to make payment of any unpaid amount and to provide assurances

satisfactory to Pipeline that such non-payment will not recur,

and/or may suspend service under this Section 19.5 upon written

notice to Shipper and the Commission.


 

If Shipper in good faith disputes the amount of any such bill or any

part thereof, Shipper shall provide written notice of its dispute

including documentation identifying the basis of dispute and shall

either: (1) pay to Pipeline the full amount of such bill, subject to

refund as described in GT&Cs Section 19.6, or (2) pay to Pipeline

such amount as it concedes to be correct, and at any time thereafter

within 30 days of a demand made by Pipeline, shall furnish good and

sufficient surety bond from a surety on the U.S. Treasury approved

list or from another source reasonably acceptable to Pipeline

guaranteeing payment to Pipeline of the amount finally determined to

be due. In the event Shipper pays such bill by wire transfer of

funds, then Shipper shall provide Pipeline with the remittance

detail in writing within two Business Days of payment. If, under

option (2) as set forth in the immediately preceding