Horizon Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 04/18/2002, Docket: CP00-129-001, Status: Effective
Original Sheet No. 216 Original Sheet No. 216 : Effective
GENERAL TERMS AND CONDITIONS
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26. SUCCESSORS AND ASSIGNS
Any company which shall succeed by purchase, merger or
consolidation to the properties, substantially as an entirety, of
Shipper or Horizon shall be entitled to the rights and shall be
subject to the obligations of its predecessor in title under the
Agreement; provided, however, that Horizon reserves the right to
evaluate and approve the creditworthiness of the new entity in
accordance with the Evaluation of Credit section of these General
Terms and Conditions. No assignment of an Agreement or any of the
rights or obligations thereunder shall be made by Shipper unless
there first shall have been obtained the written consent thereto
of Horizon. Shipper or Horizon 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.