Ozark Gas Transmission, L. L. C.

First Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-617-000, Status: Effective

Original Sheet No. 184 Original Sheet No. 184

 

GENERAL TERMS AND CONDITIONS (continued)

 

(f) At any time after Shipper is determined to be noncreditworthy

by Transporter, Shipper may initiate a creditworthiness re-

evaluation by the Transporter. As part of Shipper's reevaluation

request, Shipper shall either update or confirm in writing the

prior information provided to Transporter related to Shipper's

creditworthiness. Such update shall include any event(s) that

Shipper believes could lead to a material change in Shipper's

creditworthiness.

 

(g) After Transporter's receipt of a Shipper's request for re-

evaluation, including all required information pursuant to NAESB

WGQ Standard 0.3.8 ("Shipper's Request"), within five (5) Business

Days, Transporter shall provide a written response to the

Shipper's Request. Such written response shall include either a

determination of creditworthiness status, clearly stating the

reason(s) for Transporter's decision, or an explanation supporting

a future date by which a re-evaluation determination will be made.

In no event shall such re-evaluation determination exceed twenty

(20) Business Days from the date of the receipt of the Shipper's

Request unless specified in Transporter's tariff or if the parties

mutually agree to some later date.

 

(h) In complying with the creditworthiness related notifications

pursuant to the applicable NAESB WGQ standards, the Shipper(s) and

Transporter may mutually agree to other forms of communication in

lieu of Internet e-mail notification.

 

30.7 Creditworthiness Definitions.

 

(a) "Acceptable Credit Rating" means a Credit Rating no lower

than BBB- from Standard & Poor's Corporation or Baa3 from Moody's

Investors Service, Inc.

 

(b) "Credit Rating" means the rating given to Shipper's unsecured

long term debt by Standard & Poor's Corporation or Moody's

Investors Service, Inc.

 

(c) "Material Adverse Change" means the failure of Shipper at any

time to satisfy the requirements pertaining to creditworthiness

set forth in this Section 30, to maintain an Acceptable Credit

Rating or to maintain or reinstate a Parental Guarantee or one or

more of the forms of Financial Assurances specified in Section

30.9, within five (5) days after written notice from Transporter.