Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 12/01/1997, Docket: CP96-790-003, Status: Effective

Original Sheet No. 210 Original Sheet No. 210 : Effective

 

GENERAL TERMS AND CONDITIONS

 

 

31. ASSIGNMENT

 

Any company which shall succeed by purchase, merger or

consolidation to the properties, substantially as an

entirety, of Transporter or of Shipper, as the case may be,

shall be entitled to the rights and shall be subject to all

of the obligations of its predecessors in interest under a

Service Agreement. Subject to the provisions of the

applicable Rate Schedule, any party may, without relieving

itself of its obligations under the Service Agreement, assign

any of its rights thereunder to a company with which it is

affiliated, but otherwise no assignment of such Service

Agreement, of any of the rights or obligations thereunder

shall be made unless there first shall have been obtained the

consent thereto of Transporter. These restrictions on

assignment shall not in any way prevent any party from

pledging or mortgaging its rights under a Service Agreement

as security of its indebtedness.