Riverside Pipeline Company, L. P.

First Revised Volume No. 1

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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.