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
(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
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.