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. 219 Original Sheet No. 219 : Effective
GENERAL TERMS AND CONDITIONS (Continued)
c. Security interest in collateral found to be satisfactory
to Equitrans.
d. A guarantee, acceptable to Equitrans, by another person
or entity which satisfies credit appraisal.
6.5 Such advance deposit, standby irrevocable letter of credit, security
interest or guarantee should at all times be in an amount equal to
three (3) months of highest estimated usage during the term of the
Service Agreement. If Customer's credit standing ceases to meet
Equitrans' credit requirements during the period of service, then
Equitrans has the right to require security or prepayment as
specified herein. If security or prepayment is not tendered in a
time period as reasonably determined by Equitrans, then Equitrans
is not required to continue service. If Customer is unable to
maintain credit approval, the executed Service Agreement shall
terminate as of the first day of the month following written notice
to Customer.
6.6 Acceptance of Service Requests. Equitrans will evaluate and
respond to requests for service as soon as is reasonably
possible. Equitrans will accept those requests for firm service
which satisfy all applicable operational and creditworthiness
criteria when and to the extent that Equitrans determines that
capacity is available in Equitrans' existing facilities
and that such capacity is not subject to a prior claim by
another Customer or class of service under a preexisting
Service Agreement or certificate. Equitrans will accept those
requests for interruptible service which satisfy all applicable
operational and creditworthiness criteria. If the service
request is accepted by Equitrans, the earnest money deposit will
be applied against the first amounts due from the Customer to
Equitrans until fully used. If the request is not accepted by
Equitrans or if service is not otherwise offered, the earnest
money deposit will be refunded with interest. If service is
offered to a Customer under terms which are substantially
different from those requested, the Customer may elect not to
receive such service and shall be entitled to a refund of its
deposit.
6.7 Execution of Service Agreement. If an applicant's
request for service and credit evaluation comply with this