Transcontinental Gas Pipe Line Company, LLC
Fourth Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 12/31/2008, Docket: RP09-158-000, Status: Effective
Original Sheet No. 431 Original Sheet No. 431
GENERAL TERMS AND CONDITIONS
32. CREDIT WORTHINESS (Continued)
32.2 (c) (Continued)
In the event such Buyer fails to immediately prepay the required three months of
revenue under 32.2(c)(i) or furnish security under options 32.2(c)(ii),
32.2(c)(iii), or 32.2(c)(iv), Seller may, without waiving any rights or remedies
it may have, and subject to any necessary authorizations, suspend further
service until security is received.
The insolvency of a Buyer shall be evidenced by the filing of such Buyer or any
parent entity thereof of a voluntary petition in bankruptcy or the entry of a
decree or order by a court having jurisdiction in the premises adjudging the
Buyer or any parent entity thereof bankrupt or insolvent, or approving as
properly filed a petition seeking reorganization, arrangement, adjustment or
composition of, or in respect of the Buyer or any parent entity thereof under
the Federal Bankruptcy Act or any other applicable federal or state law, or
appointing a receiver, liquidator, assignee, trustee, sequestrator, (or similar
official) of the Buyer or any parent entity thereof or of any substantial part
of its property, or the ordering of the winding-up or liquidation of its
affairs, with said order or decree continuing unstayed and in effect for a
period of sixty (60) consecutive days.
33. ORDER OF DISCOUNTS
Seller shall apply discounts to its reservation and commodity charges as follows:
Fixed Cost Unit Rate component of the base reservation rate.
Fixed Cost Unit Rate component of the base commodity rate (only applicable to
All other charges (Electric Power Unit Rate and ACA surcharge) are included as a component of
the minimum rate and as such are not discountable.