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.