Kinder Morgan Illinois Pipeline LLC

Original Volume No. 1

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Effective Date: 12/01/2007, Docket: RP08- 34-000, Status: Effective

Original Sheet No. 221 Original Sheet No. 221 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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25. SUCCESSORS AND ASSIGNS

 

Any company which shall succeed by purchase, merger or

consolidation to the properties, substantially as an entirety, of

Shipper or KMIP shall be entitled to the rights and shall be subject

to the obligations of its predecessor in title under the Agreement;

provided, however, that KMIP reserves the right to evaluate and

approve the creditworthiness of the new entity in accordance with

the Evaluation of Credit section of these General Terms and

Conditions. No assignment of an Agreement or any of the rights or

obligations thereunder shall be made by Shipper unless there first

shall have been obtained the written consent thereto of KMIP.

Assignments which are inconsistent with the Commission's capacity

release requirements will not be permitted. Shipper or KMIP may

pledge or assign their respective right, title and interest in and

to and under the Agreement to a trustee or trustees, individual or

corporate, as security for bonds or other obligations or securities

without the necessity of such trustee or trustees becoming in any

respect obligated to perform the obligations of the assignor under

the Agreement and, if any such trustee be a corporation, without its

being required to qualify to do business in any State in which

performance of the Agreement may occur.

 

 

26. REGULATION

 

The operation of the provisions of this Tariff shall be

subject to any and all governmental statutes and all lawful orders,

rules, and regulations affecting the receipt, transportation or

delivery of gas hereunder or the equipment required in connection

with such receipt, transportation or delivery. It is understood

that performance under any Agreement shall be subject to all valid

laws, orders, rules and regulations of duly constituted governmental

authorities having jurisdiction or control of the matter related

hereto. Should either of the parties, by force of any such law,

order, rule or regulation, at any time during the term of the

Agreement be ordered or required to do any act inconsistent with the

provisions thereof, then for that period only during which the

requirements of such law, order, rule or regulation are applicable,

the Agreement shall be deemed modified to conform with the

requirement of such law, order, rule or regulation; provided,

however, nothing herein shall alter, modify or otherwise affect the

respective rights of the parties to cancel or terminate the

Agreement under its terms and conditions.