Sabine Pipe Line Company LLC
Original Volume No. 1
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Effective Date: 09/01/2005, Docket: RP05-455-000, Status: Effective
Original Sheet No. 301 Original Sheet No. 301 : Effective
Upon receipt from Shipper of all credit information
provided pursuant to applicable NAESB WGQ standards, Sabine
shall notify Shipper's authorized representative(s) that it
has received such information. Sabine and Shipper may
mutually agree to waive this requirement.
For purposes of this FERC Gas Tariff, the insolvency of a
Shipper shall be evidenced by:
a) the filing by such Shipper, or parent entity thereof,
of a voluntary petition in bankruptcy; or
b) the entry of a decree or order by a court having
jurisdiction in the premises adjudging the Shipper as
bankrupt or insolvent; or
c) the approving as properly filed a petition seeking
reorganization, arrangement, adjustment or composition
of, or in respect of, the Shipper under the Federal
Bankruptcy Act or any other applicable federal or
state law; or
d) the appointing of a receiver, liquidator, assignee,
trustee, sequestrator (or other similar official) of
the Shipper or of any substantial part of the
Shipper's property; or
e) the ordering of the liquidation of Shipper's affairs,
with said order or decree continuing unstayed and in
effect for a period of sixty (60) consecutive days.