Tariff

Previous

Next


TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.32
SUCCESSORS AND ASSIGNS
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS
7.32. SUCCESSORS AND ASSIGNS 7.32.1. Succession. Any company that succeeds by purchase, merger, or consolidation to the properties, substantially or in its entirety, of any party shall be subject to the obligations of its predecessor under any service agreement. No other assignment of a service agreement or of any of the rights or obligations thereunder is allowed without the prior written consent of the non-assigning party, which consent shall not unreasonably be withheld or delayed. Nothing contained in this Tariff will prevent either party from mortgaging its rights under a service agreement as Security for its indebtedness, but the Security is subordinate to the parties' rights and obligations under the service agreement. 7.32.2 Notice of Assignment. No transfer of or succession to the interest of a Shipper, however made, will bind Transporter until the Shipper or its successor has provided Transporter a copy of the original assignment document or other satisfactory proof that the person has an interest as a successor party under the service agreement.