Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 169 Original Sheet No. 169 : Effective

 

GENERAL TERMS AND CONDITIONS

 

13. EVALUATION OF CREDIT (Contd.)

 

13.2 DETERIORATION OF CREDIT

 

A. 1. If at any time Transporter reasonably determines,

based on adequate information available to it, that a

Shipper is not creditworthy under Section 13 of these

General Terms and Conditions, or if Shipper fails to

maintain assurance of future performance under Section

13 of these General Terms and Conditions, Transporter

may notify such Shipper in writing (which writing

shall set forth the basis for Transporter's decision)

that it has five (5) Business Days to provide

Transporter with security consistent with Section 13

of these General Terms and Conditions. Such security

shall be adequate to cover all charges for one Month's

advance service.

 

2. In addition, within thirty (30) Days after such

notification, the Shipper must fully comply with the

means for adequate assurance of future performance,

covering three (3) full Months of advance service

from the end of such 30-Day notice period, as

provided under Section 13 of these General Terms and

Conditions. If the Shipper has not satisfied the

requirements in either of the prior two (2) sentences

by the end of the specified notice period,

Transporter may immediately suspend service to

Shipper. Transporter may terminate service once it

has complied with the procedures set forth further in

this Section below, including the requisite prior

notice.

 

3. If Transporter does not have sufficient information to

determine whether a Shipper is creditworthy, it may

request additional information in writing from the

Shipper consistent with Section 13 of these General

Terms and Conditions, and Shipper must provide such

information within five (5) Business Days. If Shipper

fails to provide the requested information or if

Transporter determines that the Shipper is not

creditworthy based on such information, Section

13.2A.1. of these General Terms and Conditions shall

apply for suspension of service and Section 13.2D

shall apply for termination of service.