Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 12/31/2000, Docket: GT01- 6-000, Status: Effective

Original Sheet No. 1202 Original Sheet No. 1202 : Effective

 

GENERAL TERMS AND CONDITIONS

Section 5

(Continued)

 

 

(iv) Evaluation of Customer's on-going business

relationship with Gulf South, if any, consideration

being given to delinquent balances being consistently

outstanding for services rendered or for gas

imbalances due Gulf South, and payment of its prior

invoices from Gulf South according to the established

terms of such invoices and the associated service

agreement(s) and Section 18, as applicable.

 

(v) Determination of whether Customer is subject to the

uncertainty of pending liquidation or regulatory

proceedings in state or federal courts or agencies

which could cause a substantial deterioration in its

financial condition, a condition of insolvency, or

the ability to exist as an on-going entity.

 

(vi) Evaluation of whether any significant collection

lawsuits or judgments are outstanding against

Customer which could seriously affect Customer's

ability to meet its current obligations and/or to

remain solvent.

 

5.3 Security Requirements

 

(a) Gulf South shall require Customer or its agent to provide

security (in one of the forms described below) in

order for service to commence or continue under the

following conditions:

 

(i) Customer fails to meet Gulf South's standard

objective credit criteria described in Section 5.2

(b).

 

(ii) Customer fails to provide Gulf South with required

credit information within thirty (30) days of

request, provided such request shall not be exercised

at unreasonable intervals. If Customer's failure to

timely provide the required credit information is

shown to be due to an administrative error, Gulf

South may waive the security requirement on a non-

discriminatory basis.