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STEPHENS ENERGY CORP. - The Railroad Commission of Texas

STEPHENS ENERGY CORP. - The Railroad Commission of Texas

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7. For caeb Raeipc Point listed in Exhibit "A', Point Derignce agms to pay TXU GAS a mdrr<br />

maintenance fee <strong>of</strong> $300.00 per month. If Poinl Designee exceeds 100 MMBtu/d.y lor a period <strong>of</strong>90<br />

days and ndities TXU GAS in writing <strong>of</strong> such incysed volume; TXU GAS will suspend !he futbrc<br />

WA~<br />

meter fee upon nn'ftution <strong>of</strong> he increased volume. If the volume through the&ccipt Point shouhl<br />

subsequently a-8~ less Unan 100 MMBnJday during any Way period. 'DN GAS will have tk<br />

option, upon 30 days prior notice to Point Designee, to reinstate (he meter mainterne fee ol' 5300<br />

per month This meter maintenance fee shall be exclusiw <strong>of</strong> any 0th Iran)~~mtion fee that may bc<br />

charged by TXU GAS for volumes tendemd it the Receipt Point. Upon termination c.f<br />

agretment. TXU GAS will have the option. upon 30 days prim Dolice to Point<br />

discunna andlor ranove the facilities and Point Designcc hercby consents to such diwonmoios as<br />

prclvided in 16 <strong>Texas</strong> Administration Codc. Section 3.68. Shipper agrees to reimbum Transponcr lirr<br />

any Taxes as defined in paragraph 13 <strong>of</strong> lbis Agrccrncnt.<br />

8. (a) On approxhtely the 15th day <strong>of</strong> each month, TXU GAS shall render to Point Wtpnee it<br />

statement for the p ding monl showing the mcter maintenance fa; the amount <strong>of</strong> compensatio~t<br />

due lo TXU GAS hereunder. and other rcrsonable and pcninent inlormation which is necessary L,<br />

explam and suppon same and my adjustments made by TXU GAS in dctcnnining the amount billcd.<br />

ny statement in the United States mail.<br />

AS he W1 amount <strong>of</strong> such statentent.<br />

TXU GAS haeby awes. howevcr, rbn Point Designee may pay any such statcrncnt by bank vim<br />

transfer by directing the bank wire transfer to TXU Gs Company at Chase <strong>Texas</strong> Bank. Dallas.<br />

Tears. ABA No. 113000609, A-t No. 08805016795. To assure prop credit. Point Des~gna<br />

rhoutd designate the company name, invoice number and amount king psid in thc Fcdwirc l'ch<br />

Section. If the amount <strong>of</strong> any mtmKm is not paid when due, interen on a11 unpaid amounts twill<br />

accrue at the rate OFAM per m o d r the bighen talc allowed by law, whichever is les. fmm tllc<br />

dare such amount is due TXU GAS; provided. however, no intmst will accrue on unpaid amount*<br />

whcn failure to make payment is the rcsult <strong>of</strong> a bona fidc dispute between he pmlin regarding sac11<br />

uuouttts (and Point Designee timely pays all amounts not in displte), unlur and until it is ultim~fcly<br />

determined that Point Designee owes such disputed amounts, whermpon Point Designee will pay<br />

TXU GAS that amount, plus intcmt wmputcd back to \he original payment due date, immed~ately<br />

upln sucb detcrminotion.<br />

9. (a) EPch pay will have the right at all rcasonsble times ro examine the records <strong>of</strong> the olher puty, cn<br />

its a~cnlldesigncc if any, to tllc extent necessary to verify thc accuracy <strong>of</strong> any statement, cltargc.<br />

computation or demand made rndn a puwnt to any <strong>of</strong> the provisions in thi, Agtwmcnt. If any<br />

such cxamina~ion reveals any inamutcy in a statement or payment. the naersary adjustmertts to<br />

such statement or payment will bc made; provided, however. no adjurtrnento for any statement clr<br />

pymcm will be made for any inaccuracy claimed unless written notice <strong>of</strong> such claim for adjustnlen~<br />

is furnished lo the other party within 25 months the rendition <strong>of</strong> the statement for which such<br />

adjos!mmt is rcqmted.<br />

@) All nniccs. rquestr. demands, sutemcnls and payments provided for in this Agreement must hc<br />

uivrn in writing dirccted to the party to whom given, and mailed to or delivered at such p;tny'r<br />

addms set forth below. md will be deemed properly and ruflicicn~ly given when: (i) delivered in<br />

prr~n with reee~pt acknowledged in writing by the rccciving pany; (ii) rent by reghered orccnilicd<br />

mail. refurn receipt requested, to the address specified helow; (iii) nceivcd a1 the electronic mil<br />

addws, if any. spcctfii below; or (iv) xnt by tcleplionic document trasRr to the teltcn17ic1<br />

number, if any. specified below:

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