GENERAL TERMS AND CONDITIONS

(continued)


 


 

(d) Shipper shall confirm in writing that Shipper is not

aware of any current or anticipated change in business

conditions which would cause a substantial deterioration

in its financial condition, a condition of insolvency,

the inability to exist as an ongoing business entity, or

the inability to pay timely the rates and charges under

its Service Agreement.


 

(e) Shippers with an ongoing business relationship with

Pipeline shall have had no delinquent balances

outstanding during the previous twelve months for

services rendered by Pipeline, and during that period

Shipper must have paid its account according to the

established terms and not made deductions or withheld

payment for claims not authorized by contract. If

Shipper has an established credit history with Pipeline

that meets the requirements set forth in this Section

2.5, no further credit appraisal shall be necessary for

Shipper to satisfy Pipeline's creditworthiness

requirements; provided however, if Shipper fails to

maintain the requirements set forth in this Section 2.5,

Pipeline may perform a full credit appraisal pursuant to

this Section 2.5.


 

(f) Shipper shall confirm in writing that no significant

collection lawsuits or judgments are outstanding which

could materially affect Shipper's ability to remain

solvent as a business entity.


 

(g) Shipper shall promptly notify Pipeline of any change in

its financial condition, which may adversely affect its

ability to pay Pipeline.


 

2.6 If Pipeline requests additional information to be used for credit

evaluation after the initiation of service, Pipeline,

contemporaneous with the request, shall provide its reason(s) for

requesting the additional information to Shipper and designate to

whom the response should be sent. Pipeline and Shipper may mutually

agree to waive this requirement. Upon receipt of either an initial

or follow-up request from Pipeline for information to be used for

creditworthiness evaluation, Shipper's authorized representative(s)

shall acknowledge receipt of Pipeline's request. Pipeline and

Shipper may mutually agree to waive