Scg Pipeline Inc.
Original Volume No. 1
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Effective Date: 11/01/2003, Docket: RP03-611-000, Status: Effective
Original Sheet No.59 Original Sheet No.59 : Superseded
GENERAL TERMS AND CONDITIONS
(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: