Richfield Gas Storage System
Substitute Volume No. 1
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Effective Date: 08/01/1997, Docket: RP97-150-007, Status: Effective
First Revised Sheet No. 40 First Revised Sheet No. 40 : Superseded
Superseding: Original Sheet No. 40
quantities of gas have been redelivered for the account of
Customer at the Point of Delivery and Redelivery, after which,
as between the parties hereto, Customer shall be deemed to be
in exclusive control and possession of such gas and as between
the parties hereto, shall be responsible for any and all injury
or damage caused thereby.
10. BANKRUPTCY AND CREDITWORTHINESS
If a receiver shall have been appointed over the whole or part
of any of the assets of Richfield or if a petition is filed by
or against Richfield initiating any bankruptcy or
reorganization proceeding and such proceeding shall have not
been stayed or dismissed within ninety (90) days after such
filing, or if Richfield makes an assignment for the benefit or
creditors, or if any order is make or resolution adopted for
the dissolution (unless such order or resolution is adopted as
part of a scheme for the recapitalization, merger or
consolidation) of Richfield or if Richfield becomes insolvent,
then Customer shall have the right to elect to terminate the
Agreement upon written notice to Richfield. If Customer serves
such a written notice, Customer shall withdraw, in accordance
with the terms of the Agreement, any gas then remaining in
storage, during the next Winter Period, but in no event later
than twelve (12) months after Customer's written notice of
termination. The Agreement will terminate upon such removal
and Customer's payment of Richfield invoice for the month in
which such removal is completed.
11. ELECTRONIC BULLETIN BOARD
Richfield maintains its Electronic Bulletin Board ("EBB") on
the Internet's World Wide Web at www.richfieldgasstorage.com.
Richfield's EBB provides all information required to be posted
thereon under regulations of the FERC, together with such
additional information as Richfield considers appropriate.
Richfield's EBB provides the technical features specified in
section 284.10(a) of the regulations of the FERC. Information
is posted on Richfield's EBB on the following subjects: