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.