Southwest Gas Storage Company
Original Volume No. 1
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Effective Date: 01/20/1991, Docket: CP90-1014-002, Status: Effective
Original Sheet No. 104 Original Sheet No. 104 : Superseded
RATE SCHEDULE ISS (Continued)
INTERRUPTIBLE STORAGE SERVICE
An exception can be made for a Buyer who is
a debtor in possession operating under
Chapter XI of the Federal Bankruptcy Act but
only with adequate assurance that the billing
for storage service rendered hereunder will be
paid promptly pursuant to Section 6.6 as a
cost of administration under the federal
court's jurisdiction.
(iv) Buyer shall confirm in writing that Buyer is
not subject to the uncertainty in any pending
liquidation or regulatory proceedings in
state or federal courts which could cause a
substantial deterioration in its financial
condition, which could cause a condition of
insolvency, or the ability to exist as an
on-going business entity.
(v) If Buyer has an on-going business
relationship with Seller, no delinquent
balances should be consistently outstanding
for natural gas storage services made
previously by Seller and Buyer must have paid
its account during the past according to the
established terms and not made deductions or
withheld payment for claims not authorized by
contract.
(vi) Buyer shall confirm in writing that no
significant collection lawsuits or
judgments are outstanding which would
seriously reflect upon the business entity's
ability to remain solvent.