| MIGC LLC |
|
Original Sheet No. 77 : Effective |
| FERC Gas Tariff |
|
|
| MIGC LLC |
TRANSPORTATION GENERAL TERMS AND CONDITIONS
(Continued)
charge on the unpaid balance that shall accrue on each calendar day from the
due date at a rate equal to the then effective FERC interest rate per annum
announced pursuant to 18 C.F.R. Section 154.67(c) (or any analogous successor
regulation), provided that for any period that such late charge exceeds any
applicable maximum Rate permitted by law, the late charge shall equal said
applicable maximum Rate. The late charge provided for by this Paragraph shall
be compounded quarterly. If either principal or late charges are due, any
payments thereafter received shall first be applied to the late charges due,
then to the previously outstanding principal due and, lastly, to the most
current principal due.
(b) If any bill remains unpaid for thirty (30) days after the due
date thereof:
(1) MIGC shall have in addition to any other rights hereunder or in
law the right, upon giving Shipper written notice, to take appropriate legal
steps to suspend or terminate service and Shipper, by its non-payment of
amounts due within five (5) days of notice, shall be deemed to have consented
to such suspension or termination of service;
(2) provided, however, that if Shipper in good faith disputes the
amount of any bill or part thereof then Shipper shall provide documentation
identifying the basis for the dispute. Shipper shall pay to MIGC such amount,
if any, that Shipper concedes to be correct and, if within five (5) days of the
written notice provided hereunder Shipper furnishes MIGC with sufficient surety
bond in an amount and with surety satisfactory to MIGC or other acceptable
assurance to MIGC, guaranteeing payment to MIGC of the amount ultimately found
due upon such bill after a final determination which may be reached either by
agreement or by judgment of the courts, as the case may be, then MIGC shall not
be entitled to take actions necessary to suspend or terminate further
deliveries unless and until default be made in the conditions of such bond or
assurance.
5. Delayed Bill - If MIGC fails to render to Shipper any invoice by the
ninth (9th) business day of the month then the time for payment shall be
extended by one (1) day from each day that the rendering of said bill is
delayed unless Shipper is responsible for such delay.
| Issued by: |
| Issue date: |
|
Effective date: 08/01/08 |