ANR Storage Company

Original Volume No. 1

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Effective Date: 11/01/2007, Docket: RP08- 16-000, Status: Effective

Second Revised Sheet No. 151 Second Revised Sheet No. 151 : Effective

Superseding: First Revised Sheet No. 151

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

similar instrument which it has executed or may hereafter

execute covering substantially all of its properties.

Otherwise, except as provided in Section 7 of Rate

Schedule FS neither party shall assign its Service

Agreement(s) or any of its rights thereunder unless it

first shall have obtained the consent thereto in writing

of the other party.

 

11.5 Creditworthiness. Seller shall not be required to

commence service or, subject to the following provisions,

to continue to provide service and may terminate a

Agreement with any Customer under Rate Schedule FS with a

primary term of one year or less and Service Agreements

under Rate Schedule IS, if:

 

(1) Customer is or has become insolvent;

 

(2) Customer has applied for bankruptcy under Chapter

11 of the Bankruptcy Code, or which is subject to

similar proceedings under State or Federal law; or

 

(3) Customer, when requested by Seller to demonstrate

creditworthiness, fails to do so in Seller's

reasonable judgment, in light of previous payment

experience and changes thereto and the prudent

credit analysis of information available; provided,

however, that any such Customer that is receiving

service shall continue to receive service for a

period of fifteen (15) Days after written notice by

Seller of any such circumstance, and shall continue

thereafter to receive service if, within such

fifteen (15) Day notice period, such Customer:

 

(i) deposits with Seller and maintains, on

account, an amount which would be due for

three (3) Months service at the full contract

quantities set forth in the Service

Agreement; or

 

(ii) furnishes good and sufficient security, which

may include an acceptable standby letter of

credit, or monthly prepayment agreement or

other security as reasonably determined by