Wyckoff Gas Storage Company, LLC
Original Volume No. 1
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Effective Date: 12/31/9999, Docket: RP09- 444-000, Status: Accepted
Original Sheet No. 34 Original Sheet No. 34
misconduct on the part of any arbitrator, be final, non-appealable, and
binding on the Parties hereto. Each Party shall pay the expenses of the
arbitrator selected by or for it and all other costs of the arbitration
shall be equally divided between the Parties hereto.
15.2 ARBITRATION DISCLOSURE. UNLESS OTHERWISE PROVIDED
HEREIN. ANY CONTROVERSY OR CLAIM ARISING OUT OF. OR RELATING TO, THE
SERVICE AGREEMENT, OR THE MAKING. PERFORMANCE OR INTERPRETATION
THEREOF. SHALL BE SETFLED BY ARBITRATION IN NEW YORK IN ACCORDANCE WITH
THE THEN EXISTING RULES OF THE AMERICAN ARBITRATION ASSOCIATION, AND
THE JUDGEMENT ON THE ARBITRATION AWARD MAY BE ENTERED IN ANY COURT
HAVING JURISDICTION OVER THE SUBJECT MATTER OF THE
CONTROVERSY.Injunctive Relief and Specific Performance. Either Party
may at any time commence and prosecute a proceeding in any court of
competent jurisdiction (a) for a preliminary or temporary injunction or
other temporary order pending arbitration under the Service Agreement,
or (b) for an order of specific performance of the Service Agreement to
require performance in accordance with any arbitration decision.
SECTION 16. CHOICE OF LAW
Unless otherwise specifically stated in the Service Agreement,
interpretation of the provisions of all Service Agreements or other
agreements entered into between Shipper and Transporter, including any
provisions of this Tariff related to such agreements, and any disputes
arising from such agreements, shall be governed by the law of the state
of New York.
SECTION 17. CREDITWORTHINESS
17.1. Evaluation of Creditworthiness
(a) Transporter shall apply, on a non-discriminatory
basis, consistent financial evaluation standards to determine the
Creditworthiness (as defined in Section 1.2a) of a Shipper or Potential
Shipper (collectively, “Customer”). Transporter shall not use any
criteria, formula, ranking system or other methodology that would give
any preference or advantage to an Affiliate of Transporter.
Transporter will not be obligated to provide service and may suspend
and/or terminate (according to the terms of this Gas Tariff) on-going
service to any party that fails, in Transporter’s sole judgment, to
demonstrate Creditworthiness. Each party requesting service under this
Gas Tariff is aware that (i) Transporter shall have the right to
propose, file and make effective with the FERC revisions to this Gas
Tariff for the purpose of changing the provisions of this Section
without prior notice to a Customer, provided that no such revision will
effect any Service Agreement currently existing at the time such
revision is made effective, (ii) Transporter’s Creditworthiness
requirements may vary depending on the services provided or to be
provided, (iii) Transporter reserves the right to set credit limits and
to vary those limits from time to time at Transporter’s sole direction,
and (iv) Transporter may request additional credit information or an
update of existing credit information on an on-going basis during the
term of a Service Agreement and, contemporaneous with such request,
Transporter shall provide its reason(s) for requesting the additional
information.
(b) Transporter will promptly provide notification, in
writing, to a Customer of Transporter’s determination regarding such
party's Creditworthiness. If Customer is determined to not be
Creditworthy, Transporter will inform Customer in writing of the
reasons for such determination. Customer may initiate a
Creditworthiness re-evaluation by Transporter. As part