Saltville Gas Storage Company L.L.C.
Original Volume No. 1
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Effective Date: 02/07/2008, Docket: RP08-156-000, Status: Effective
Third Revised Sheet No. 111 Third Revised Sheet No. 111 : Effective
Superseding: Second Revised Sheet No. 111
GENERAL TERMS AND CONDITIONS
(Continued)
3. CONTRACTING FOR SERVICE (continued)
3.4 Credit Evaluation (continued):
(e) For purposes herein, the insolvency of a Customer shall be
conclusively demonstrated by the filing by Customer or any
parent entity thereof (hereinafter collectively referred to
as "the Customer") of a voluntary petition in bankruptcy or
the entry of a decree or order by a court having
jurisdiction in the premises adjudging the Customer bankrupt
or insolvent, or approving, as properly filed, a petition
seeking reorganization, arrangement, adjustment or
composition of or in respect of the Customer under the
Federal Bankruptcy Act or any other applicable federal or
state law, or appointing a receiver, liquidator, assignee,
trustee, sequestrator (or other similar official) of the
Customer or of any substantial part of its property, or the
ordering of the winding-up or liquidation of its affairs,
with said order or decree continuing unstayed and in effect
for a period of sixty (60) consecutive days.
3.5 Additional Information
(a) Customer shall also promptly provide such additional
Customer credit information as may be reasonably required by
Saltville, at any time during the term of service under a
service agreement, to determine Customer's creditworthiness.
(b) After receipt of a request for service, Saltville may
require that Customer furnish additional information as a
prerequisite to Saltville offering to execute a service
agreement with Customer. Such information may include proof
of Customer's lawful right and/or title to cause the Gas to
be delivered to Saltville for service under this FERC Gas
Tariff and of Customer's contractual or physical ability to
cause such Gas to be delivered to and received from
Saltville.
(c) Should Customer desire Saltville to provide service pursuant
to Section 311 of the Natural Gas Policy Act, Customer shall
provide to Saltville a statement warranting that Customer
complies with all requirements for receiving service
pursuant to Section 311 and the Commission's regulations
thereunder, including, but not limited to, compliance with
the "on-behalf-of" requirement then in effect.
(d) If any of the actions described in Sections 3.4(a)(3) and
3.4(a)(4) above shall be initiated or imposed during the
term of service under a storage agreement, Customer shall
provide notification to Saltville within ten (10) Business
Days of any such initiated or imposed event or action.
(e) Customer is required to provide to Saltville such other
information if required in order for Saltville to comply
with any Commission reporting or other requirements.