Sabine Pipe Line Company LLC

Second Revised Volume No. 1

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Effective Date: 07/31/1993, Docket: RS92- 78-003, Status: Effective

Original Sheet No. 247 Original Sheet No. 247 : Superseded

 

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.

 

9.6 Credit Appraisal

 

Sabine's credit appraisal procedures involve the

establishment of dollar credit limits for each Shipper.

To the extent that the value of the transportation

services provided to a Shipper do not exceed the

established credit limit, no new credit appraisal will

be conducted if an executed Service Agreement is

amended or Shipper requests new transportation

services, provided that the Shipper's payment history

with Sabine has been satisfactory and there is no bona

fide basis for questioning a Shipper's credit

worthiness. If a Shipper fails to demonstrate credit

worthiness, Shipper may obtain transportation service