Clear Creek Storage Company, LLC

Original Volume No. 1

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Effective Date: 06/01/2000, Docket: CP98-256-002, Status: Effective

Original Sheet No. 49 Original Sheet No. 49 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(4) Customer must confirm in writing that it is

not subject to the uncertainty of pending liquidation or

proceedings in state or federal courts or before any

administrative agency that could cause a substantial

deterioration in its financial condition, which could cause a

condition of insolvency, or the ability to exist as an

ongoing business entity.

 

(5) No delinquent monetary balances may be

outstanding for services previously provided by Clear Creek.

Customer must have paid its account for past periods

according to established tariff terms.

 

(6) No significant collection lawsuits or

judgments shall be outstanding that would seriously reflect

upon Customer's ability to remain solvent.

 

7.3 A Customer that fails to satisfy the credit

criteria may still obtain service by electing one of the

following options: (a) payment in advance of the reservation

rate for the lesser of six Months' service or the actual

term of the requested service; (b) a standby irrevocable

letter of credit drawn upon a bank acceptable to Clear Creek

in the amount of the reservation charge for the lesser of

six Months' service or the actual term of the requested

service; (c) a security interest in collateral provided by

the Customer that is satisfactory to Clear Creek; or (iv)

guarantee of performance of all Customer's obligations to

Clear Creek by a party that satisfies Clear Creek's credit

appraisal.

 

7.4 Should any of the events or actions described in

Sections 7.2 (3), (4) or (6) above occur during the term of

service under this tariff, Customer shall provide

notification to Clear Creek within two Business Days of the

imposed event or action. Customer shall also promptly

provide additional credit information as may be reasonably

required by Clear Creek to determine Customer's

creditworthiness at any time during the term of service

under this tariff.

 

7.5 After receipt of a request for service, Clear

Creek may require that Customer furnish additional

information as a prerequisite to Clear Creek providing the

service. The information may include proof of Customer's

lawful right and title to deliver the Gas to Clear Creek.