Scg Pipeline Inc.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/01/2003, Docket: RP03-611-000, Status: Effective

Original Sheet No.59 Original Sheet No.59 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

(d) Shipper shall confirm in writing that Shipper is not aware of any

current or anticipated change in business conditions which would cause a

substantial deterioration in its financial condition, a condition of

insolvency, the inability to exist as an ongoing business entity, or the

inability to pay the rates and charges under its Service Agreement.

 

(e) Shippers with an ongoing business relationship with Pipeline shall have

had no delinquent balances outstanding during the previous twelve months for

services rendered by Pipeline, and during that period Shipper must have paid

its account according to the established terms and not made deductions or

withheld payment for claims not authorized by contract. If Shipper has an

established credit history with Pipeline that meets the requirements set forth

in this Section 2.5, no further credit appraisal shall be necessary for

Shipper to satisfy Pipeline’s creditworthiness requirements; provided however,

if Shipper fails to maintain the requirements set forth in this Section 2.5,

Pipeline may perform a full credit appraisal pursuant to this Section 2.5.

 

(f) Shipper shall confirm in writing that no significant collection lawsuits

or judgments are outstanding which would materially affect Shipper's ability

to remain solvent as a business entity.

 

(g) Shipper shall promptly notify Pipeline of any change in its financial

condition, which may adversely affect its ability to pay Pipeline.

 

2.6 Upon notification by Pipeline that Shipper has failed to satisfy the

credit criteria or subsequently during the term of the Service Agreement no

longer satisfies the credit criteria, or if guarantor fails to continue to

satisfy, such Shipper may still obtain credit approval by Pipeline if it

elects to provide one of the following: