Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

Second Revised Sheet No. 142 Second Revised Sheet No. 142

Superseding: First Revised Sheet No. 142

 

GENERAL TERMS AND CONDITIONS

 

 

14.(a) EVALUATION OF CREDIT (Con't)

 

 

 

(6) No significant collection lawsuits or judgments are

outstanding which would seriously reflect upon the

business entity's ability to remain solvent.

 

(b) If a Shipper fails to satisfy the credit criteria, Stingray

will notify Shipper with an explanation of the reason why

Shipper failed to satisfy the credit criteria.

 

(c) A Shipper that fails to satisfy the credit criteria may

still obtain service hereunder if it elects one of the

following options:

 

(1) Payment in advance for three (3) Months' service;

 

(2) A standby irrevocable letter of credit drawn upon a

bank acceptable to Stingray;

 

(3) Security interest in collateral provided by the

Shipper found to be satisfactory to Stingray; or

 

(4) Guarantee by a person or another entity which does

satisfy the credit appraisal.