Oktex Pipeline Company

Original Volume No. 1

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Effective Date: 05/20/1993, Docket: RS92- 70-001, Status: Effective

Original Sheet No. 50 Original Sheet No. 50 : Effective

 

ARTICLE VIII - BANKRUPTCY OF SHIPPER

 

Subject to the requirements of Section 7 of the Natural Gas Act,

Transporter shall not be required to render or to continue to render

transportation service on behalf of any Shipper that has applied for

bankruptcy under the Bankruptcy Code or on behalf of any Shipper which, at

Transporter's request, fails within a fifteen (15) day period to demonstrate

and maintain credit worthiness, provided however, that Transporter shall

render or continue to render transportation service for any such Shipper which

prepays for such service or which, upon fifteen (15) days notice by

Transporter, furnishes good and sufficient security bond or other good and

sufficient security as Transporter in its reasonable discretion deems

acceptable, of a continuing nature and in an amount equal to the cost of

performing the transportation service request for a two (2) month period.

 

ARTICLE IX - LAW OF CONTRACT

 

The interpretation and performance of this Contract shall be in

accordance with and controlled by the laws of the State of Oklahoma and

applicable federal law and regulation .

 

IN WITNESS WHEREOF, the parties hereto have caused this contract to be

duly executed in several counterparts by their proper officers thereunto duly

authorized, as of the date first hereinabove written.

 

ATTEST: OKTEX PIPELINE COMPANY

 

_____________________________ By

________________________

 

ATTEST: [NAME OF SHIPPER]

 

_____________________________ By

________________________