Mobile Bay Pipeline Company
Second Revised Volume No. 1
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Effective Date: 02/01/1994, Docket: GT94- 18-000, Status: Effective
Original Sheet No. 323 Original Sheet No. 323 : Effective
GENERAL TERMS AND CONDITIONS
(Continued)
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 the terms and
conditions thereof.
24. SUCCESSORS AND ASSIGNS
Any company which shall succeed by purchase, merger or consolidation to
the properties, substantially as an entirety, of Shipper or Transporter
shall be entitled to the rights and shall be subject to the obligations
of its predecessor in title under the Agreement. No other assignment
of the Agreement or any of the rights or obligations thereunder shall
be made unless there first shall have been obtained the written consent
thereto of the non-assigning party. Shipper or Transporter 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.
25. SHIPPER FACILITIES
To the extent Shipper is required to build facilities to interconnect
with Transporter's system, such facilities shall be in conformance with
regulations promulgated by the Department of Transportation, FERC
and/or any other state or federal agency having jurisdiction, as
applicable, and shall be subject to inspection and prior approval by
Transporter.