Williston Basin Interstate Pipeline Co.
Second Revised Volume No. 1
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Effective Date: 05/11/2009, Docket: RP09-506-000, Status: Effective
Fourth Revised Sheet No. 198 Fourth Revised Sheet No. 198
Superseding: Third Revised Sheet No. 198
GENERAL TERMS AND CONDITIONS (Continued)
7. AFFILIATED TRANSACTIONS COMPLIANCE PLAN AND SERVICE REQUEST
operating under Chapter XI of the Federal Bankruptcy Act but
only with adequate assurance that the transportation and/or
storage service charge will be paid promptly as a cost of
administration under the Federal Court's jurisdiction.
188.8.131.52 Shipper shall confirm in writing that it is not
aware of any change in business conditions that would cause
a substantial deterioration in its financial condition, a
condition of insolvency, or the inability to exist as an
ongoing business entity.
184.108.40.206 If Shipper has an on-going, credit-worthy
acceptable, business relationship with Transporter, no
delinquent balances shall be outstanding for services
provided previously by Transporter and Shipper must have
paid its account(s) according to the established terms and
conditions and not made deductions or withheld payment for
claims not authorized by Transporter's FERC Gas Tariff or
the executed Service Agreement.
220.127.116.11 Shipper shall confirm in writing that no
significant collection lawsuits or judgments are outstanding
that would seriously reflect upon the business entity's
ability to remain solvent.
18.104.22.168 If Shipper satisfies Transporter's credit
criteria, Transporter shall provide an acceptable level of
credit to the Shipper to do business with Transporter.
7.7.2 Upon notification by Transporter that a Shipper has
failed to satisfy the credit criteria, such Shipper may still
obtain credit approval by Transporter if Shipper elects to provide
one of the following.
22.214.171.124 An advance deposit.
126.96.36.199 A standby irrevocable letter of credit.
188.8.131.52 Security interest in collateral found to be
satisfactory to Transporter.
184.108.40.206 A guarantee, satisfactory to Transporter, by
another person or entity that satisfies credit evaluation.