Cameron Interstate Pipeline, LLC
Original Volume No. 1
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Effective Date: 11/01/2008, Docket: RP08-647-000, Status: Effective
Original Sheet No. 59 Original Sheet No. 59
GENERAL TERMS AND CONDITIONS
(continued)
(a) Shipper shall provide current financial statements
(balance sheet, income statement and statement of cash
or cash flow), annual reports, 10-K reports or other
filings with regulatory agencies which discuss Shipper's
financial status; a list of all corporate affiliates,
parent companies and subsidiaries; and any reports from
credit reporting and bond rating agencies which are
available. Pipeline shall determine the acceptability
of the Shipper's overall financial condition. If
audited financial statements are not available, then
Shipper's Chief Financial Officer should provide
attestation that the information shown in the unaudited
statement is true, correct and a fair representation of
the Shipper's financial condition.
(b) Shipper shall provide a bank reference and at least two
trade references. The results of reference checks and
any credit reports submitted in (a) above must show that
Shipper's obligations are being paid on a prompt basis.
(c) Shipper shall confirm in writing that Shipper is not
operating under any chapter of the bankruptcy laws and
is not subject to liquidation or debt reduction
procedures under state laws, such as an assignment for
the benefit of creditors, or any informal creditors'
committee agreement. An exception can be made for a
Shipper who is a debtor in possession operating under
Chapter 11 of the Federal Bankruptcy Act but only with
adequate assurance that the service billing will be paid
promptly as a cost of administration under the federal
court's jurisdiction.