Equitrans, L. P.

Original Volume No. 1

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Effective Date: 11/19/1998, Docket: CP96-532-001, Status: Effective

Original Sheet No. 218 Original Sheet No. 218 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

f. Term of Service - the date service is requested to

commence and is requested to terminate.

 

g. Certification - Shipper has or will obtain title to the

gas quantities requested in (d) above, and has entered into

or will enter into all arrangements necessary to ensure

all upstream and downstream transportation will be in

place prior to the initiation of service.

 

6.3 Credit Evaluation. Equitrans' acceptance of a request for

service is contingent upon the requesting party's satisfying a

credit evaluation by Equitrans. An ongoing relationship or billing

history between Equitrans and the requesting party may serve to

establish that party's creditworthiness. In the absence of a prior

billing history, the requesting party will provide the following

information as requested by Equitrans:

 

a. Bank references.

 

b. Year end financial statements together with the latest

quarterly report.

 

c. A list of all affiliates.

 

d. A statement of whether the requesting party is operating

under any bankruptcy or insolvency law or any law relating

to the relief of debtors, reorganization or creditors

assignment.

 

e. Such other information as Equitrans deems necessary to

evaluate the creditworthiness of the requesting party.

 

6.4 Upon notification of Equitrans that a Customer has failed to satisfy

the credit criteria or subsequently during the term of the service

agreement no longer satisfies the credit criteria, such Customer may

still obtain credit approval by Equitrans if it pays any outstanding

balances due Equitrans for service rendered or has complied with

Section 13.7 of the General Terms and Conditions with regard to such

balances and elects to provide one of the following:

 

a. An advance deposit.

 

b. A standby irrevocable letter of credit.