Texas Gas Transmission Corporation

First Revised Volume No. 2-A

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Effective Date: 11/01/1990, Docket: RP90-192-002, Status: Effective

Substitute Original Sheet No. 35 Substitute Original Sheet No. 35 : Effective

 

RATE SCHEDULE

FT-SL, FT-1, FT-2, FT-3 and FT-4

Firm Transportation Service

(Continued)

 

assignment for the benefit of credi-

tors, or any informal creditors'

committee agreement. In the event

that Customer is a debtor in posses-

sion operating under Chapter XI of

the Federal Bankruptcy Act, Customer

shall so state. In such event, Cus-

tomer's Request for Service shall be

contingent upon Customer also pro-

viding adequate assurance that the

billing will be paid promptly as a

cost of administration under the

federal court's jurisdiction;

 

(d) Verification that Customer is not

subject to the uncertainty of pending

liquidation or regulatory proceedings

in state or federal courts which

could cause a substantial deteriora-

tion in its financial condition,

which could cause a condition of

insolvency, or the inability to exist

as an on-going business entity;

 

(e) Verification that no significant

collection lawsuits or judgments are

outstanding which would seriously

reflect upon the Customer's ability

to remain solvent.

 

(2) Upon notification by Transporter that

Customer has failed to satisfy the credit

criteria, Customer may obtain service

hereunder if it elects one of the fol-

lowing options: (i) Customer may pay in

advance an amount equal to three (3)

months service at 100% load factor or for