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Original Sheet No. 104 Original Sheet No. 104 : Superseded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.