Cheyenne Plains Gas Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 07/26/2010, Docket: RP10-876-000, Status: Effective

First Revised Sheet No. 233 First Revised Sheet No. 233

Superseding: Original Sheet No. 233

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. REQUEST FOR SERVICES (Continued)

4.10(d) Creditworthiness (Continued)

 

(iii) Shipper shall provide a bank reference and at least

two trade references. The results of reference checks

and any credit reports submitted herein must show that

Shipper's obligations are being paid on a reasonably

prompt basis;

 

(iv) Shipper shall confirm in writing that Shipper is not

operating under any chapter of the bankruptcy laws and

is not subject to liquidation or debt reduction

procedures under state laws, such as an assignment for

the benefit of creditors, or any informal creditors'

committee agreement. Transporter may make an

exception for a Shipper who is a debtor in possession

operating under Chapter XI of the Federal Bankruptcy

Act if Transporter is adequately assured that the

service billing will be paid promptly as a cost of

administration under the federal court's jurisdiction;

 

(v) Shipper shall provide a list of owners and/or

shareholders of the entity, if privately held.

 

(e) If Shipper is unable to satisfy the requirements of Sections

4.10(b)(iii) and 4.10(c), it must provide and maintain

adequate credit assurance satisfactory to Transporter in

order to be granted a request for new service or to continue

service under an existing TSA. If the service under review

involves service under an existing TSA with a Shipper that

has failed to demonstrate creditworthiness, the Shipper must

bring its account with Transporter current by paying all past

due invoice amounts owed to Transporter and provide, within

five Business Days, payment in advance of one Month's

anticipated charges in order to continue service for the

current Month and within 30 calendar Days, the Shipper must

provide the next three Months of credit assurance to continue

service. Adequate assurance shall include at least one of

the following at Shipper's election:

 

(i) an irrevocable letter of credit to Transporter,

satisfactory to Transporter, verifying the Shipper's

creditworthiness;

 

(ii) a deposit in advance for the service under review;