Panther Interstate Pipeline Energy, L.L.C.
Original Volume No. 1
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Effective Date: 02/01/2004, Docket: CP03-338-001, Status: Effective
Original Sheet No. 28 Original Sheet No. 28 : Effective
exception may be made for a Shipper who is a debtor in
possession operating under Chapter XI of the Federal
Bankruptcy Act if Transporter is assured that the service
billing will be paid promptly as a cost of administration
under the federal court jurisdiction, based on a court order
in effect, and if the Shipper is continuing and continues in
the future actually to make payment.
(e) Whether Shipper is subject to any lawsuits or judgments
outstanding which could materially impact its ability to
(f) Whether Shipper has or has had any delinquent balances
outstanding for services provided previously by Transporter
and whether Shipper is paying and has paid its account
balances according to the terms established in its
transportation service agreements (excluding amounts as to
which there is a good faith dispute).
(g) The nature of the Shipper's business and the effect on that
business of general economic conditions and economic
conditions specific to it, including Shipper's ability to
recover the costs of Transporter's services through filings
with regulatory agencies or otherwise to pass on such costs
to its customers.
(h) Any other information, including any information provided by
Shipper, that is relevant to Shipper's current and future
financial strength and Shipper's ability to make full
payment over the term of the contract.
7. TERMINATION OF AGREEMENTS
7.1 Termination of Long Term FT Agreements: Any Shipper with a Long
Term (having a term of twelve or more months) FT Agreement at the
maximum applicable tariff rate shall be eligible to exercise a
right of first refusal to continue to receive service pursuant to
the procedure outlined in this Section. If a Shipper desires to
invoke its right of first refusal, it must notify Transporter at
least ten (10) months prior to the expiration of such FT Agreement
by a means provided under section 16 of these General Terms and
Conditions, or it will waive such rights. If such a notice is
received by Transporter, the following procedures will apply: