Equitrans, L. P.
Original Volume No. 1
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Effective Date: 11/19/1998, Docket: CP96-532-001, Status: Effective
Original Sheet No. 218 Original Sheet No. 218 : Effective
GENERAL TERMS AND CONDITIONS (Continued)
f. Term of Service - the date service is requested to
commence and is requested to terminate.
g. Certification - Shipper has or will obtain title to the
gas quantities requested in (d) above, and has entered into
or will enter into all arrangements necessary to ensure
all upstream and downstream transportation will be in
place prior to the initiation of service.
6.3 Credit Evaluation. Equitrans' acceptance of a request for
service is contingent upon the requesting party's satisfying a
credit evaluation by Equitrans. An ongoing relationship or billing
history between Equitrans and the requesting party may serve to
establish that party's creditworthiness. In the absence of a prior
billing history, the requesting party will provide the following
information as requested by Equitrans:
a. Bank references.
b. Year end financial statements together with the latest
c. A list of all affiliates.
d. A statement of whether the requesting party is operating
under any bankruptcy or insolvency law or any law relating
to the relief of debtors, reorganization or creditors
e. Such other information as Equitrans deems necessary to
evaluate the creditworthiness of the requesting party.
6.4 Upon notification of Equitrans that a Customer has failed to satisfy
the credit criteria or subsequently during the term of the service
agreement no longer satisfies the credit criteria, such Customer may
still obtain credit approval by Equitrans if it pays any outstanding
balances due Equitrans for service rendered or has complied with
Section 13.7 of the General Terms and Conditions with regard to such
balances and elects to provide one of the following:
a. An advance deposit.
b. A standby irrevocable letter of credit.