Questar Southern Trails Pipeline Company
Original Volume No. 1
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Effective Date: 06/15/2009, Docket: RP09-592-000, Status: Effective
Original Sheet No. 68A Original Sheet No. 68A
GENERAL TERMS AND CONDITIONS
for a Shipper which is a debtor in possession operating under Chapter XI of
the Federal Bankruptcy Act if Southern Trails is assured that the service
billing will be paid promptly as a cost of administration under the federal
court's jurisdiction, based on a court order in effect, and if the Shipper is
continuing and continues in the future actually to make payment.
(5) Whether Shipper is subject to any lawsuits or
judgments outstanding which could materially impact its ability to remain
solvent.
(6) Whether Shipper has or has had any delinquent
balances outstanding for services provided previously by Southern Trails and
whether Shipper is paying and has paid its account balances according to the
terms established in its service agreements (excluding amounts as to which
there is a good faith dispute).
(7) The nature of the Shipper's business and the
effect on that business of general economic conditions and economic
conditions specific to it, including Shipper's ability to recover the costs
of Southern Trails' services through filings with regulatory agencies or
otherwise to pass on such costs to its customers.
(8) Any other information, including any information
provided by Shipper, that is relevant to Shipper's current and future
financial strength and Shipper's ability to make full payment over the term
of the contract.
(9) Information which Southern Trails may request to
be provided by Shipper to Southern Trails in connection with such a credit
evaluation includes the following:
a. Audited Financial Statements;
b. Annual Reports;
c. Most recent statements filed with the
Securities and Exchange Commission (or an equivalent authority) or other
similar publicly available information;
d. For public entities, the most recent
publicly available interim financial statements, with an attestation by its
Chief Financial Officer, Controller, or equivalent (CFO) that such statements
constitute a true, correct, and fair representation of the Shipper's
financial condition prepared in accordance with Generally Accepted Accounting
Principles (GAAP) or equivalent;