American Midstream (AlaTenn), LLC

Fifth Revised Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-493-000, Status: Effective

Original Sheet No. 25 Original Sheet No. 25

 

RATE SCHEDULE FT (continued)

 

(g) Credit Evaluation:

 

Shipper must comply with the Creditworthiness Standards in Sections 16

and 36.1 of the

General Terms and Conditions of this tariff and provide the following information.

 

(i) a copy of Shipper's most recent twelve-month financial statement (audited if

available) and,

if

applicable, 10-K form;

 

(ii) a list of Shipper's affiliates, including and subsidiaries, if applicable.

 

3.2 In the event Shipper cannot provide the information Section 3.1(g) (i) and/or

(ii) above,

Shipper

shall, if applicable, provide that information for its parent company. Transporter

shall not be

required to

perform or to continue service under this Rate Schedule on behalf of any Shipper

who is or has

become

insolvent or who, at Transporter's request, fails within a reasonable period to

demonstrate

creditworthiness, provided, however, such Shipper may receive firm service

under this Rate

Schedule if

such Shipper prepays for such service or furnishes good and sufficient security,

as determined

by

Transporter in its reasonable discretion, in an amount equal to the cost of

performing the service

requested by Shipper for a three Month period. Transporter shall be entitled to

terminate service

to any

Shipper that fails to demonstrate credit-worthiness or has become insolvent. For

purposes

herein, the

insolvency of a Shipper shall be evidenced by the filing by Shipper or any parent

entity thereof

(hereinafter collectively referred to as "The Shipper") of a voluntary petition in

bankruptcy or the

entry of

a decree or order by a court having jurisdiction in the premises adjudging The

Shipper bankrupt

or

insolvent. Insolvency, for purposes herein, shall also include approval by any such

court of a

petition

seeking reorganization, arrangement, adjustment or composition of or in respect

of The Shipper

under

the Federal Bankruptcy Act or any other applicable federal or state law, or

appointing a receiver,

liquidator, assignee, trustee, sequestrator (or other similar official) of The Shipper

or of any

substantial

part of its property, or the ordering of the winding-up or liquidation of its affairs