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
(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.