Many Islands Pipe Lines (Canada) Limited MIPL(C)L
General Terms and Conditions
(a) commencing on the Effective Date, the amount payable by Shipper for volumes of Gas actually delivered to the Point of Delivery; and
(b) the volume, Heating Value and total Energy of the Gas at the Point of Receipt and the Point of Delivery.
11.2 Shipper may also be required to pay to MIPL(C)L a Monthly charge for delivery pressure provided that deliveries hereunder are made to a Delivery Point at which a charge for delivery pressure has been approved by the NEB. 11.3 If the Gas delivered at the Point of Receipt is commingled with other Gas at or before the point of MIPL(C)L's measurement, Shipper shall arrange to inform MIPL(C)L within seven (7) Days after receiving the information the total quantity of Shipper's Gas delivered hereunder during the preceding Month. 11.4 Shipper agrees to pay MIPL(C)L on or before fifteen (15) Days following receipt of statement the total amount payable by Shipper as set forth in the statement. Each such payment shall be made in Canadian funds by cheque drawn in MIPL(C)L's favour and delivered to MIPL(C)L at its office in Regina, Saskatchewan. 11.5 Any statement given by mail shall be deemed to have been received by the Shipper on the fourth (4) Day following issuance. In the event that such invoice is delivered personally to the Shipper or through an electronic means, such invoice shall be deemed to have been given to and received by Shipper immediately upon delivery thereof. 11.6 MIPL(C)L shall have the right to charge interest on the unpaid portion of any statement from the date payment is due until the date payment is actually made, at the rate of interest which is four percent (4%) per annum above the Prime Rate which is in effect during the period from the date when such payment is due until the date same is paid. 11.7 In the event that Shipper disputes any part of any statement, Shipper shall nevertheless pay to MIPL(C)L the full amount of the statement when payment is due. Unless objected to by either party within twelve (12) Months after the receipt by Shipper of the said statement, the said statement shall be conclusively presumed to be correct. In the event either party takes objection to the said statement within the said twelve (12) Month period any adjustment required as a result of the settlement of the matter or matters giving rise to such objection shall be made in the Month next following the Month in which such settlement shall be made. In the event that it is finally determined that said statement was incorrect and an overpayment has been made, Shipper shall be entitled to interest on the amount of any such overpayment at the rate of interest which is equal to two percent (2%) per annum above the Prime
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June 1, 2016
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