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.