Discovery Gas Transmission LLC

Original Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-539-000, Status: Effective

First Revised Sheet No. 193 First Revised Sheet No. 193

Superseding: Original Sheet No. 193

 

22. ASSIGNMENT

 

 

22.1 ASSIGNMENT - Neither party shall assign a Service Agreement or any

portion of its rights to Transportation thereunder except as expressly

stated in this Section 22. All covenants, stipulations, terms,

conditions, obligations, and provisions of an Effective Service

Agreement will extend to, be binding upon, and inure to the benefit of

the respective successors, permitted assigns, and legal representatives

of the parties. The permitted assignments of a Service Agreement or

rights thereunder(including, without limitation, related discount

agreements or reserve dedication agreements)include:

 

a. Any person that succeeds by purchase, merger, or consolidation to

the interests or properties of Transporter or Shipper affecting

the disposition of Gas in whole or substantial portion, including,

without limitation, any successor in interest to production that

has been dedicated to Transporter's system, shall be subject to

the rights and obligations of its predecessors under the Effective

Service Agreement and the assignor agrees to bind its successor,

transferee or permitted assignee to the terms and conditions of

the Effective Service Agreement.

 

b. Either Transporter or Shipper may assign or pledge an Effective

Service Agreement under the provisions of any mortgage, deed of

trust, indenture, bank credit agreement, assignment, receivable

sale, or similar instrument that it has executed or may execute

hereafter.

 

c. Transporter or Shipper may assign an Effective Service Agreement

to an affiliate.

 

d. Shipper may release FT-1 capacity on a permanent or temporary

basis in accordance with the provisions of Section 11 of the

General Terms and Conditions.