Riverside Pipeline Company, L. P.
First Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 10/01/1993, Docket: RS92- 48-001, Status: Effective
Original Sheet No. 83 Original Sheet No. 83 : Effective
GENERAL TERMS AND CONDITIONS
11. REQUESTS FOR TRANSPORTATION SERVICE (cont'd)
11.4 (d) Shipper shall confirm in writing that it is not subject to
any uncertainty in any pending liquidation or regulatory
proceedings in state or Federal courts or is not aware of
any change in business conditions which could cause a
substantial deterioration in its financial condition, a
condition of insolvency or the inability to exist as an
on-going business entity.
(e) If Shipper has an on-going business relationship with
Riverside, no delinquent balances should be outstanding for
services provided previously by Riverside and Shipper must
have paid its account balances according to the established
terms and not made deductions or withheld payment for claims
not authorized by contract.
(f) Shipper shall confirm in writing that no significant
collection lawsuits or judgments are outstanding which would
seriously reflect upon the business entity's ability to
remain solvent.
11.5 Upon notification by Riverside that Shipper has failed to satisfy
the credit criteria, or subsequently during the term of the
Service Agreement no longer satisfies the credit criteria such
Shipper may still obtain credit approval by Riverside if it elects
to provide one of the following: (a) an advance deposit; (b) a
Standby Irrevocable Letter of Credit; (c) security interest in
collateral found to be satisfactory to Riverside; (d) a guaranty,
acceptable to Riverside, by another person or entity which
satisfies credit appraisal. An advance deposit, Standby
Irrevocable Letter of Credit, or security interest should at all
times equal the three highest Months of estimated usage during the
term of the Service Agreement.