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

FORMS (Continued)

 

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.

 

7.7.1.4 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.

 

7.7.1.5 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.

 

7.7.1.6 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.

 

7.7.1.7 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.

 

7.7.2.1 An advance deposit.

 

7.7.2.2 A standby irrevocable letter of credit.

 

7.7.2.3 Security interest in collateral found to be

satisfactory to Transporter.

 

7.7.2.4 A guarantee, satisfactory to Transporter, by

another person or entity that satisfies credit evaluation.