National Fuel Gas Supply Corporation

Fourth Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 08/01/1997, Docket: RP97-398-000, Status: Effective

Original Sheet No. 471 Original Sheet No. 471 : Effective

 

GENERAL TERMS AND CONDITIONS

 

 

31. QUALIFICATION FOR SERVICE (Cont'd.)

 

(B) for all other services, the cost of performing the

service requested by Shipper for a three-month

period; or

 

(ii)if it prepays for service or furnishes an irrevocable

letter of credit pursuant to Section 31.2(c) hereof.

 

For purposes herein, the insolvency of a Shipper shall be

evidenced by the filing by Shipper or any parent entity

thereof (hereinafter collectively referred to as "the

Shipper") of a voluntary petition in bankruptcy or the entry

of a decree or order by a court having jurisdiction in the

premises adjudging the Shipper bankrupt or insolvent, or

approving, as properly filed, a petition seeking re-

organization, arrangement, adjustment or composition of or in

respect of the Shipper 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 Shipper 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.

 

(b) For purposes of Section 31.2(a), a Shipper's credit worthi-

ness shall not have been demonstrated if (i) the Shipper has

a poor credit history, as established by a reliable reporting

agency, or with respect to any services provided by Seller,

or (ii) the Shipper's net worth, or its unencumbered assets

in each state in which Seller operates, is worth less than

the amount applicable under Section 31.2(a)(i). Transporter

may, from time to time, limit the service it provides to

Shipper to such level as is commensurate with the prepayment

or other security provided as set forth above, or as is

necessary to ensure that neither Shipper's net worth, nor its

unencumbered assets in the states in which Seller operates is

less than the amount applicable under Section 31.2(a)(i).