Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-258-000, Status: Effective

First Revised Sheet No. 116 First Revised Sheet No. 116

Superseding: Original Sheet No. 116

 

or in writing in the form specified by KPC's current service

rights request form, as such may be revised from time to time.

Written requests must be submitted to the following address:

 

Quest Pipelines (KPC)

Attn: Contract Administration

Three Allen Center

333 Clay Street, Suite 4060

Houston, TX 77002

 

Telephone: 713-750-0006

Facsimile: 713-751-1804

 

6.2 Acceptance of a request for service rights and the continuation of

service is contingent upon the Shipper satisfying, on an on going

basis, a credit appraisal by KPC. KPC shall apply consistent

evaluation practices to determine the acceptability of Shipper's

overall financial condition. Such credit appraisal shall be based

upon the following information and criteria:

 

(a) Shipper shall provide current financial statements, annual

reports, 10-K reports or other filings with regulatory

agencies which discuss the Shipper's financial status, a

list of all corporate affiliates, parent companies and

subsidiaries, and any reports from credit reporting and bond

rating agencies which are available. KPC shall determine the

acceptability of Shipper's overall financial condition,

working capital, and profitability trends.

 

(b) Shipper shall provide a bank reference and at least two

trade references. The results of reference checks and any

credit reports submitted in 6.2(a) must show that Shipper's

obligations are being paid on a reasonably prompt basis.

 

(c) Shipper shall confirm in writing that it is not operating

under any chapter of the bankruptcy laws and is not subject

to litigation or debt reduction procedures under state laws,

such as an assignment for the benefit of creditors, or any

informal creditors' committee agreement. An exception can