Great Lakes Gas Transport, L.L.C.
Second Revised Volume No. 1
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Effective Date: 11/01/1993, Docket: RP97-157-006, Status: Effective
Original Sheet No. 41 Original Sheet No. 41 : Effective
IT RATE SCHEDULE
Interruptible Transportation Service
(cont'd)
10. TERMINATION FOR DEFAULT (cont'd)
and effect. In case the party in default does not so remedy and remove the
cause or causes, or does not so indemnify the party giving the notice for
any and all consequences of such breach, within said period of thirty (30)
days, then, after any necessary authorization by regulatory bodies having
jurisdiction, the agreement shall become null and void from and after the
expiration of said period, provided that notice of termination has not been
withdrawn prior thereto. Any termination of such agreement, pursuant to
the provisions of this paragraph, shall be without prejudice to the right
of Transporter to collect any amount then due to it and shall be without
prejudice to the right of Shipper to receive any gas which it has delivered
to Transporter, but which Transporter has not delivered back to Shipper,
although entitled thereto, and without waiver of any remedy to which the
party not in default may be entitled for violations of such agreement.
11. ASSIGNMENT
Neither party to any service agreement under this Rate Schedule shall
assign such service agreement to any interest therein or any property, real
or personal, acquired in connection therewith, without the prior written
consent of the other, except that either may assign all of its rights and
obligations thereunder to a corporation which shall succeed by purchase,
merger, or consolidation to the properties substantially as an entirety of
the assigning party and which shall assume and agree in writing to perform
all of its duties and obligations under such service agreement. The fore-
going notwithstanding, Transporter and Shipper may assign or pledge its
right, title and interest in, and by virtue of, any service agreement under
this Rate Schedule, including any and all extensions, renewals, and
amendments, and supplements thereto, to a trustee or trustees, individual
or corporate, as security for bonds or other obligations or securities,
without the consent of the other party, and without such trustee or
trustees assuming or becoming in any respect obligated to perform any of
the obligations of the assignor, and, if any such trustee be a corporation,
without its being required by the parties to such service agreement to
qualify to do business in the state in which the performance of the service
agreement may occur.
12. WAIVER
No waiver by either party of any one or more defaults by the other in
the performance of any provisions of any service agreement under this Rate
Schedule shall operate or be construed as a waiver of any future default or
defaults, whether of a like or a different character.