Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/01/2006, Docket: CP06-351-001, Status: Effective

Original Sheet No. 110 Original Sheet No. 110 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

law, or appointing a receiver, liquidator, assignee, trustee,

sequestrator (or other similar official) of the Customer, or any

parent entity thereof or guarantor of Customer, or of any

substantial part of their property, or the ordering of the

winding-up or liquidation of their affairs, with said order or

decree continuing unstayed and in effect for a period of sixty (60)

consecutive days. BLUEWATER may not take any action under this

Section 3.3(i) which conflicts with any order of the U.S. Bankruptcy

Court.

 

(j) BLUEWATER's determination of a Customer's or

prospective Customer's creditworthiness shall be subject to the

following procedures:

 

(1) If BLUEWATER requests additional information to be used

for credit evaluation after the initiation of service,

BLUEWATER, contemporaneous with the request, shall

provide its reason(s) for requesting the additional

information to Customer and designate to whom the

response shall be sent. BLUEWATER and Customer may

mutually agree to waive the requirements of this

standard.

 

(2) Upon receipt of either an initial or follow-up request

from BLUEWATER for information to be used for

creditworthiness evaluation, Customer's or prospective

Customer's authorized representative(s) shall

acknowledge receipt of BLUEWATER's request. BLUEWATER

and the Customer or prospective Customer may mutually

agree to waive the requirements of this standard.

 

(3) Customer's or prospective Customer's authorized

representative(s) shall respond to BLUEWATER's request

for credit information, as allowed by BLUEWATER's

tariff, on or before the due date specified in the

request. Customer or prospective Customer shall

provide all the credit information requested by

BLUEWATER or provide the reason(s) why any of the

requested information was not provided.

 

(4) Upon receipt from Customer or prospective Customer of

all credit information provided pursuant to applicable

NAESB WGQ standards, BLUEWATER shall notify the

Customer's or prospective Customer's authorized

representative(s) that it has received such

information. BLUEWATER and Customer or Prospective

Customer may mutually agree to waive the requirements

of this standard.

 

(5) (i) Customer or prospective Customer shall designate

up to two representatives who are authorized to

receive notices regarding the Customer's or

prospective Customer's creditworthiness, including

requests for additional information, pursuant to

the applicable NAESB WGQ standards and shall

provide to BLUEWATER the Internet e-mail addresses

of such representatives prior to the initiation of

service.