Canyon Creek Compression Company
Third Revised Volume No. 1
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Effective Date: 05/01/1997, Docket: RP97- 66-006, Status: Effective
First Revised Sheet No. 164 First Revised Sheet No. 164 : Effective
Superseding: Original Sheet No. 164
GENERAL TERMS AND CONDITIONS
16.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE
(a) Any person wishing to become a Qualified Bidder and
make a Qualified Bid must satisfy the creditworthiness requirements
in Section 14 of these General Terms and Conditions prior to
submitting a Qualified Bid under this Section 16. A person cannot
bid for services which exceed its qualified level of credit-
worthiness. Canyon shall process--and encourages--applications from
potential Qualified Bidders seeking prequalification for bids they
may make in the future.
(b) Credit applications shall be completed in full with
all information required to establish creditworthiness under the
credit criteria included in Section 14 of these General Terms and
Conditions. Should a potential bidder fail to satisfy such credit
criteria, the potential bidder may still become a Qualified Bidder
by providing a prepayment, letter of credit, security interest or
guarantee satisfactory to Canyon as further set forth in Section 14
of these General Terms and Conditions.
(c) Based on Canyon's continuing review of a Shipper's
financial records, Canyon shall have the right to amend a Shipper's
line of credit and lower or increase the quantity and term.
(d) Canyon's determination of a Shipper's
creditworthiness is solely for Canyon's purposes under Canyon's
Tariff and such determination is neither a representation nor a
guarantee to a Releasing Shipper or any other entity as to the
ability of a Replacement or Subreplacement Shipper to pay any
outstanding amount under a Released Firm Compression Agreement.
16.16 COMPLIANCE BY SHIPPER
By acquiring released capacity, a Shipper agrees that it
will comply with all provisions of Canyon's Tariff and all
applicable Commission orders, rules and regulations. Such Shipper
also agrees to be responsible to Canyon for compliance with all
applicable terms and conditions of Canyon's Tariff, as well as the
terms and conditions of the Released Firm Compression Agreement.