Mobile Bay Pipeline Company
Second Revised Volume No. 1
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Effective Date: 02/01/1994, Docket: GT94- 18-000, Status: Effective
Original Sheet No. 99 Original Sheet No. 99 : Effective
GENERAL TERMS AND CONDITIONS
which could cause a substantial deterioration in its
financial condition, a condition of insolvency, or
the ability to exist as an on-going entity.
(vi) Evaluation of whether any significant collection
lawsuits or judgments are outstanding against
Shipper which could seriously affect Shipper's
ability to remain solvent.
4.3 Security Requirements
(a) Transporter will require Shipper to provide security (in
one of the forms described below) in order for service to
commence or continue under the following conditions:
(i) Shipper fails to meet Transporter's standard
objective credit criteria (described in Section 4.2
(ii) Shipper fails to provide Transporter with required
credit information within fifteen (15) days of
request, provided such request shall not be
exercised at unreasonable intervals.
(iii) Shipper's account balances exceed the maximum credit
limit established through credit review (described
in Section 4.2 above).
(b) Should any of the conditions described in Section 4.3(a)
occur, Transporter will not deny service if Shipper
provides one of the following forms of security:
(i) A prepayment deposit or irrevocable letter of
credit, satisfactory in form and substance to
Transporter, from a bank or other financial
institution acceptable to Transporter. The amount