NorAm Gas Transmission Company

Fourth Revised Volume No. 1

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Effective Date: 02/01/1995, Docket: RP94-343-000, Status: Effective

Original Sheet No. 237 Original Sheet No. 237 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

computation under the Service Agreement, except that

inspection of the records described in Sections 2.4

and 3.7 hereof shall be governed by the terms of

those sections.

 

14.4 Adjustment. In the event an error is discovered in

the amount billed in any invoice rendered by

Transporter, such error shall be adjusted within

thirty (30) Days of the determination thereof;

provided that claim therefor shall have been made

within sixty (60) Days from the date of discovery of

such error, but in any event within twelve (12)

months from the date of such invoice.

 

14.5 Security. Transporter shall not be required to

perform or to continue service under this Tariff on

behalf of any Shipper who is or has become insolvent

or who, at Transporter's request, at any time fails

within a reasonable period to maintain and

demonstrate creditworthiness; provided, however, such

Shipper may receive service under this Tariff if

Shipper provides a deposit for such service or

otherwise furnishes good and sufficient security, as

determined by Transporter in its reasonable

discretion, which at all times shall be sufficient to

cover up to the amount which would be billed to

Shipper if one hundred percent (100%) of the Contract

Demand, Maximum Contract Quantity, Contract Delivery

Demand and/or the requested or effective quantities

for storage services, as applicable, were provided

for service to Shipper during a period of up to six

(6) Service Months. For purposes of this Tariff, the

insolvency of a Shipper shall be evidenced by the

filing of such Shipper or any parent entity or

guarantor thereof (for purposes of this section, a

reference to Shipper shall include any applicable

parent entity or guarantor) of a voluntary petition

in bankruptcy or the entry of a decree or order by a

court having jurisdiction in the premises adjudging

Shipper a bankrupt or insolvent, or approving as

properly filed a petition seeking reorganization,

arrangement,adjustment or composition of or in

respect of Shipper under the Federal Bankruptcy Act

or any other applicable federal or state law, or

appointing a receiver, liquidator, assignee, trustee,

sequestrator (or other similar official) of Shipper