Steckman Ridge, LP

Original Volume No. 1

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Effective Date: 04/01/2009, Docket: RP09-389-000, Status: Effective

Original Sheet No. 227 Original Sheet No. 227

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CREDIT EVALUATION (continued)

 

4.4 In the event any information provided by Customer pursuant to

Sections 4.1 and 4.2 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 Steckman

Ridge. Steckman Ridge shall require Customer to resubmit all of

the financial information required in Section 4.1 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. Steckman Ridge shall re-evaluate Customer's

creditworthiness based upon the updated information provided by

Customer pursuant to Section 4.1.

 

4.5 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.