Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 12/01/2002, Docket: RP02-534-000, Status: Effective

Original Sheet No. 140 Original Sheet No. 140 : Superseded

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

10. SERVICE REQUESTS AND CONTRACTING FOR SERVICE (Continued)

 

relationship with Transporter shall have no delinquent

balances outstanding for services made previously by

Transporter, and Shipper must have paid its account

according to the established terms and not made

deductions or withheld payment for claims not

authorized by contract.

 

(a) Shipper shall provide any reasonable information

required by Transporter in connection with

transportation services pursuant to this Tariff,

including information relating to the Shipper's

supply of natural gas, the deliverability of

such natural gas and upstream transportation

arrangements.

 

(b) Shipper shall provide Transporter within one

hundred and twenty (120) days after the end of

each fiscal year of Shipper, current audited

financial statements, annual reports, 10-K

reports, or other filings with regulatory

agencies which discuss Shipper's financial

status; a list of all corporate affiliates,

parent companies, and subsidiaries; and any

reports from credit reporting and bond rating

agencies which are available. Transporter may

accept unaudited consolidated financial

statements. Transporter shall determine the

acceptability of the Shipper's overall financial

condition.

 

(c) Upon execution and delivery of the Service

Agreements, Shipper will comply with one of the

following creditworthiness requirements:

 

(1) The Shipper, or an Affiliate Guarantor,

has an investment grade rating for its

long term senior unsecured debt from a

recognized rating agency. A Shipper who

qualifies under this category initially

but is later downgraded below investment

grade will be required to qualify under

another category below.