U-T Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 11/01/1993, Docket: RS92- 88-006, Status: Effective

Original Sheet No. 38 Original Sheet No. 38 : Superseded

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(h) Certified Statement

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A certified statement that the Shipper has, or will have, by the time of execution of an

Agreement with U-TOS, title to the Gas or right to deliver the gas which is to be

Transported and owns facilities or contractual rights which will cause such Gas to be

delivered to and received from U-TOS.

 

(i) Term of Service

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i. Date service is requested to commence.

ii. Date service is requested to terminate.

 

(j) Source/Use of Gas

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i. Whether the supplier of the Gas to be transported is affiliated with U-TOS or with

any of the partners in U-TOS and, if so, the extent of such affiliation (if known).

ii. The producing area by block and by point of measurement which is the source of the

Gas requested to be transported.

iii. The state where the ultimate end user of the Gas will use such Gas.

 

(k) Credit Evaluation

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i. Shipper's Bank References.

ii. Shipper should submit year end audited financial statements of Shipper together with

the latest quarterly report.

iii. Shipper's Affiliates, including parent, subsidiaries of parent and of such

subsidiaries, and subsidiaries of Shipper.

iv. In the event proceedings have been commenced by or against such Shipper for any

relief under any bankruptcy or insolvency law, or any law relating to the relief of

debtors, readjustment composition or extension; or in the event a decree or order of

a court having jurisdiction in the premises for the appointment of a receiver or

liquidator or trustee or assignee in bankruptcy or insolvency of such Shipper, or of

a substantial part of its property, or for the winding up or liquidation of its

affairs, shall have been entered, or any substantial part of the property of such

shipper shall be sequestered or attached and shall not be returned to the possession

of such Shipper or released from such attachment within thirty (30) days thereafter;

or in the event such Shipper shall make a general assignment for the benefit of

creditors or shall admit in writing its inability to pay its debts generally as they

become due, Shipper shall be required to fully disclose any and all actions

regarding the above described proceedings against Shipper or related parties defined

in (iii) above, in its request for service.