Enbridge Pipelines (AlaTenn) L. L. C.
FOURTH REVISED VOLUME NO. 1
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Effective Date: 09/01/2005, Docket: RP05-442-001, Status: Effective
Substitute First Revised Sheet No. 25 Substitute First Revised Sheet No. 25 : Effective
Superseding: First Revised Sheet No. 25
RATE SCHEDULE FT (continued)
(g) Credit Evaluation:
Shipper must comply with the Creditworthiness Standards in
Sections 16 and 36.1 of the General Terms and Conditions of
this tariff and provide the following information.
(i) a copy of Shipper's most recent twelve financial
statement (audited if available) and, if applicable,
10-K form;
(ii) a list of Shipper's affiliates, including and
subsidiaries, if applicable.
3.2 In the event Shippers cannot provide the information Section
3.1(g) (i) and/or (ii) above, Shipper shall, if applicable,
provide that information for its parent company. Transporter
shall not be required to perform or to continue service under this
Rate Schedule on behalf of any Shipper who is or has become
insolvent or who, at Transporter's request, fails within a
reasonable period to demonstrate creditworthiness, provided,
however, such Shipper may receive firm service under this Rate
Schedule if such Shipper prepays for such service or furnishes
good and sufficient security, as determined by Transporter in its
reasonable discretion, in an amount equal to the cost of
performing the service requested by Shipper for a three month
period. Transporter shall be entitled to terminate service to any
Shipper that fails to demonstrate credit-worthiness or has become
insolvent. For purposes herein, the insolvency of a Shipper shall
be evidenced by the filing by Shipper or any parent entity thereof
(hereinafter collectively referred to as "The Shipper") of a
voluntary petition in bankruptcy or the entry of a decree or order
by a court having jurisdiction in the premises adjudging The
Shipper bankrupt or insolvent. Insolvency, for purposes herein,
shall also include approval by any such court of a petition
seeking reorganization, arrangement, adjustment or composition of
or in respect of The 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 The Shipper or of any substantial part of its
property, or the ordering of the winding-up or liquidation of its
affairs