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. 273 Original Sheet No. 273 : Effective
FORM OF SERVICE AGREEMENT
FOR RATE SCHEDULE FT-3
ARTICLE X
ASSIGNMENTS
Any company which succeeds by purchase, merger, or
consolidation to the properties, substantially as an
entirety, of Shipper or of Transporter will be entitled to
the rights and will be subject to the obligations of its
predecessor in title under this Service Agreement. Either
Shipper or Transporter may assign or pledge this Service
Agreement under the provisions of any mortgage, deed of
trust, indenture, bank credit agreement, assignment,
receivable sale, or similar instrument which it has executed
or may execute hereafter. Shipper may assign this Service
Agreement to an assignee(s) of Shipper's interest in the
Commitment set forth in Exhibit "A" hereto which is an
Affiliate of Shipper and which satisfies the requirements of
Rate Schedule FT-3. None of Shipper's right or interest in
the Commitment set forth on Exhibit "A" hereto shall be
assigned to an unrelated third party without the prior
written consent of Transporter, which consent shall not be
unreasonably withheld.
ARTICLE XI
NONRECOURSE OBLIGATION OF
LIMITED LIABILITY COMPANY,
MEMBERS AND OPERATOR
Shipper acknowledges and agrees that (a) Transporter is a
Delaware limited liability company; (b) Shipper shall have no
recourse against any member of Transporter with respect to
Transporter's obligations under this Service Agreement and
its sole recourse shall be against the assets of Transporter,
irrespective of any failure to comply with applicable law or
any provision of this Service Agreement; (c) no claim shall