Hardy Storage Company, LLC
Original Volume No. 1
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Effective Date: 07/06/2007, Docket: RP07-480-001, Status: Effective
First Revised Sheet No. 93C First Revised Sheet No. 93C : Effective
Superseding: Original Sheet No. 93C
GENERAL TERMS AND CONDITIONS (Cont’d)
(c) Seller may require adequate assurance of payment for
any service under this Tariff requested by an insolvent or
uncreditworthy Customer. Such a Customer may receive or continue to
receive service if it provides adequate assurance of payment for
service. Adequate credit assurance will be calculated as follows:
(i) for firm service, the credit assurance elected
must include an advance payment equal to the value of one
(1) month of demand charges under Customer’s Service
Agreement(s) with Seller, to be provided within five (5)
business days from the day Seller notifies the Customer
that Customer did not qualify for or has lost its
creditworthiness status, and an additional full two (2)
months of demand charges to be provided as collateral held
for security within thirty (30) days from the day Seller
notified the Customer that the Customer has not qualified
for or has lost its creditworthiness status;
(ii) for all other services provided pursuant to the
Tariff, the credit assurance elected must include an
advance payment equal to the value of one (1) month of the
highest usage under Customer’s Service Agreement(s) with
Seller, to be provided within five (5) business days from
the day Seller notifies the Customer that Customer did not
qualify for or has lost its creditworthiness status, and
an additional two (2) highest months of estimated usage
during the term of the Service Agreement(s) to be provided
as collateral held for security within thirty (30) days
from the day Seller notified Customer that the Customer
has not qualified for or has lost its creditworthiness
status. For a new Customer, adequate credit assurance
will be based on the three (3) highest months of estimated
usage during the term of the Service Agreement and for an
existing Customer, adequate credit assurance will be based
upon the highest three (3) months of activity for all of
Customer’s active Service Agreements during the previous
twelve months.