American Midstream (AlaTenn), LLC
Fifth Revised Volume No. 1
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Effective Date: 05/01/2010, Docket: RP10-493-000, Status: Effective
Original Sheet No. 325 Original Sheet No. 325
FORM OF RELEASED TRANSPORTATION SERVICE CONTRACT
(continued)
If to Replacement Shipper:
ARTICLE V
SUCCESSORS AND ASSIGNS
This Contract shall be binding upon and inure to the benefit of the Parties
hereto and their
respective
successors and assigns. No assignment or transfer by either party of any of its
rights hereunder,
except
for transfers pursuant to the release program set forth in Transporter's Tariff, shall
be made
without the
prior written consent of the other party. Such consent shall not be unreasonably
withheld. No
such
consent of Transporter or Replacement Shipper shall be required when an
assignment by
Replacement
Shipper or Transporter is the result of, and part of, a corporate acquisition, merger
or
reorganization.
Nothing contained herein shall prevent either party from pledging, mortgaging or
assigning its
rights
hereunder as security for its indebtedness and either party may assign to the
pledgee or
mortgagee (or
to a trustee for the holder of such indebtedness) any money due or to become
due under this
Contract.
As between the Parties hereto, such assignment shall become effective on the
first Day of the
Month
following written notice that such assignment has been effectuated. Upon request
of either
party, the
other party shall acknowledge in writing any permitted assignment described
herein and the right
of any
permitted assignee (and any assignee upon enforcement of any assignment
made as security
for
indebtedness) to enforce this Contract against such other party, and shall also
deliver such
certificates,
copies of corporate documents and opinions of counsel as may be reasonably
requested by
such
permitted assignee relating to such party, this Contract and any other matters
relevant thereto.
No
permitted assignment shall relieve the assigning party from any of its obligations
under this