Trunkline Gas Company, LLC

Third Revised Volume No. 1

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Effective Date: 08/01/2003, Docket: RP03-534-000, Status: Effective

Original Sheet No. 212 Original Sheet No. 212 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

2. REQUESTS FOR SERVICE (Continued)

 

(2) Shipper shall provide a bank reference and at least two

trade references. The results of reference checks and

any credit reports must show that Shipper's obligations

are being paid on a reasonably prompt basis.

 

(3) Shipper shall confirm in writing that Shipper is not

operating under any chapter of the bankruptcy laws and

is not subject to litigation or debt reduction

procedures under state laws, such as an assignment for

the benefit of creditors, or any informal creditors'

committee agreement. An exception can be made for

Shipper that is a debtor in possession operating under

Chapter XI of the Federal Bankruptcy Act but only with

adequate assurance that the service billing will be paid

promptly as a cost of administration under the Federal

Court's jurisdiction.

 

(4) Shipper shall confirm in writing that it is not subject

to any uncertainty or any change in business conditions

resulting from: (a) pending litigation in State or

Federal courts; (b) regulatory proceedings; or (c)

otherwise, which could cause a substantial deterioration

in its financial condition, a condition of insolvency,

or the inability to exist as an on-going business

entity.

 

(5) If Shipper has an on-going business relationship with

Trunkline, no delinquent balances should be outstanding

for services provided previously by Trunkline and

Shipper must have paid its account balances according to

the established terms and not made deductions or

withheld payment for claims not authorized by contract.

 

(6) Shipper shall confirm in writing that no significant

collection lawsuits or judgments are outstanding which

could adversely affect the Shipper's ability to remain

solvent.