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.