Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 11/16/2009, Docket: RP10-53-000, Status: Effective

First Revised Sheet No. 516A First Revised Sheet No. 516A

Superseding: Original Sheet No. 516A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(C) Once every twelve (12) Months, Customer shall provide Pipeline with updated financial

information in the form required in Section 3.3(A) above. In addition, if Pipeline

becomes aware that there may be a potentially material change in the financial

condition of an existing Customer, Pipeline shall require Customer to promptly resubmit

all of the financial information required in Section 3.3(A) above. Pipeline shall re-

evaluate Customer's creditworthiness based upon the updated information provided by

Customer pursuant to Section 3.3(A) above. If Customer's credit standing ceases to

meet Pipeline's credit requirements at any time during the period of service, then

Pipeline has the right to require security as specified in Section 3.3(B) above. If

the credit standing of any entity issuing a letter of credit and/or guaranty in support

of Customer's obligations ceases to meet Pipeline's credit appraisal at any time during

the period of service, then Pipeline has the right to require Customer to provide

replacement security that satisfies the requirements of Section 3.3(B) above.

 

(D) In the event any information provided by Customer pursuant to Sections 3.2 and 3.3(A)

with respect to a request for new service or a request that would result in a Billing

Amendment materially changes prior to execution of the new service agreement or Billing

Amendment, as applicable, or Customer learns that such information may materially

change prior to execution of the service agreement or Billing Amendment, as applicable,

Customer shall be obligated to provide written notice of such material changes to

Pipeline. Pipeline shall require Customer to resubmit all of the financial information

required in this Section 3.3 within ten (10) Business Days of the identification of the

material change. If such updated financial information is not received within ten (10)

Business Days, the request for service will be deemed null and void. Pipeline shall

re-evaluate Customer's creditworthiness based upon the updated information provided by

Customer pursuant to this Section 3.3.

 

3.4 [Reserved for Future Use]