Blue Lake Gas Storage Company

First Revised Volume No. 1

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Effective Date: 11/01/2007, Docket: RP08- 17-000, Status: Effective

First Revised Sheet No. 129 First Revised Sheet No. 129 : Effective

Superseding: Original Sheet No. 129

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(4) In the event proceedings have been commenced by or

against such Customer for any relief under any

bankruptcy or insolvency law, or any law relating

to the relief of debtors, readjustment of

indebtedness, reorganization, arrangement,

composition or extension; or in the event a decree

or order of a court having jurisdiction in the

premises for the appointment of a receiver or

liquidator or trustee or assignee in bankruptcy or

insolvency of such Customer, or of a substantial

part of its property, or for the winding up or

liquidation of its affairs, shall have been

entered, or any substantial part of the property

of such Customer shall be sequestered or attached

and shall not be returned to the possession of

such Customer or released from such attachment

within thirty (30) Days thereafter; or in the

event such Customer shall make a general

assignment for the benefit of creditors or shall

admit in writing its inability to pay its debts

generally as they become due, Customer shall be

required to fully disclose any and all actions

regarding the above described proceedings against

Customer or related parties defined in 2.2(h)(3),

above, in its Request for Service.

 

(5) Any other information requested by Seller pursuant

to Section 11.5 of these General Terms and

Conditions.

 

2.3 Subsequent Information

 

(a) If any of the events or actions described in 2.2(h)(4),

above, shall be initiated or imposed during the term of

service hereunder, Customer shall provide notification

thereof to Seller within two (2) working Days of any such

initiated or imposed event or action. Customer shall

also provide, forthwith, such additional Customer credit

information as may be reasonably required by Seller, at

any time during the term of service hereunder, to

determine Customer's creditworthiness.