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Original Sheet No. 237 Original Sheet No. 237 : Superseded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