Transcontinental Gas Pipe Line Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 12/31/2008, Docket: RP09-158-000, Status: Effective

Original Sheet No. 429 Original Sheet No. 429

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

31. WAIVER

 

31.1 Discretionary Waiver - Seller may waive any of its rights or any obligations of Buyer

hereunder as to any specific default that has already occurred or in advance as to any

specific, temporary problem, on a case-by-case basis that is not unduly

discriminatory.

 

31.2 Non-Waiver - Notwithstanding the foregoing, no waiver by either Seller or Buyer of any

one or more defaults by the other hereunder shall operate or be construed as a waiver

of any other existing or future default or defaults, whether of a like or of a

different character.

 

 

32. CREDIT WORTHINESS

 

32.1 Seller shall not be required to provide service to any Buyer who fails to meet

Seller's standards for credit worthiness. In this regard Seller may require that

Buyer provide the following information:

 

(a) Current financial statements (to include a balance sheet, income statement and

statement of cash flow), annual reports, 10-K reports or other filings with

regulatory agencies, a list of all corporate affiliates, parent companies and

subsidiaries and any reports from credit agencies which are available. If

audited financial statements are not available, then Buyer also should provide

an attestation by its chief financial officer that the information shown in the

unaudited statements submitted is true, correct and a fair representation of

Buyer's financial condition;

 

(b) A bank reference and at least three trade references;