Many Islands Pipe Lines (Canada) Limited MIPL(C)L
General Terms and Conditions
9.3 In any period where it is determined that a Unaccounted For Gas has occurred through non-Force Majeure events, MIPL(C)L shall allocate the Unaccounted For Gas to the Shipper(s) in proportion to their total amount of Gas transported on the Gas Transmission System during the period of time over which the Unaccounted For Gas occurred. 9.4 In any period where it is determined that Fuel Gas is required, MIPL(C)L shall allocate the Fuel Gas requirement to the Shipper(s) in proportion to their total amount of Gas transported on the Gas Transmission System during the period of time over which the Fuel Gas requirement occurred.
ARTICLE X - FINANCIAL ASSURANCES
10.1 Prior to commencement, and at any time during the term of service, MIPL(C)L may request, and Shipper shall provide if MIPL(C)L so requests, security for the payment of the charges to be paid by Shipper to MIPL(C)L for Service on MIPL(C)L's Gas transmission system. Such security shall be limited to the following: (a) for any Firm Service, an irrevocable letter of credit issued by a financial institution acceptable to MIPL(C)L or such other equivalent financial guarantees in an amount up to six (6) Months of Demand Charges plus up to six (6) Months of Commodity Charges based on the full Contract Demand, which shall remain in effect for no less than seventy (70) Days beyond the termination of the Service; provided that, if payment in full for the Service has been received by MIPL(C)L, MIPL(C)L shall, return or cancel such financial guarantee forthwith; and (b) for any fully Interruptible Service, at the option of Shipper either prepayment of the Commodity Charges for volumes nominated or an irrevocable letter of credit or such other equivalent financial guarantees in an amount to be determined by MIPL(C)L acting reasonably, which shall remain in effect for no less than seventy (70) Days beyond the termination of the Service or of the period for which volumes are nominated, as the case may be; provided that, if payment in full for the Service has been received by MIPL(C)L, MIPL(C)L shall return or cancel such financial guarantee forthwith.
ARTICLE XI - BILLINGS AND PAYMENTS
11.1 MIPL(C)L shall endeavour to provide to Shipper on or before the twentieth (20th) Day of each Month a statement setting forth for the Point of Receipt and the Point of Delivery with respect to Gas transported for Shipper during the preceding Month:
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June 1, 2016
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