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
________________________