Steuben Gas Storage Company

Original Volume No. 1

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Effective Date: 06/27/1996, Docket: CP96- 35-002, Status: Effective

Original Sheet No. 129 Original Sheet No. 129 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(3) Customer's Affiliates, including parent,

subsidiaries of parent and of such subsidiaries,

and subsidiaries of Customer.

 

(4) In the event proceedings have been commenced by or

against such Customer for any relief under any

bankruptcy or insolvency law, or any law relating

to the relief of debtors, readjustment of

indebtedness, reorganization, arrangement,

composition or extension; or in the event a decree

or order of a court having jurisdiction in the

premises for the appointment of a receiver or

liquidator or trustee or assignee in bankruptcy or

insolvency of such Customer, or of a substantial

part of its property, or for the winding up or

liquidation of its affairs, shall have been

entered, or any substantial part of the property of

such Customer shall be sequestered or attached and

shall not be returned to the possession of such

Customer or released from such attachment within

thirty (30) Days thereafter; or in the event such

Customer shall make a general assignment for the

benefit of creditors or shall admit in writing its

inability to pay its debts generally as they become

due, Customer shall be required to fully disclose

any and all actions regarding the above described

proceedings against Customer or related parties

defined in (3) above, in its Request for Service.

 

(k) Rate Information

 

2.3 Subsequent Information

 

(a) If any of the events or actions described in 2.2j(4)

above, shall be initiated or imposed during the term of

service hereunder, Customer shall provide notification

thereof to Seller within two (2) working Days of any such

initiated or imposed event or action. Customer shall