Iroquois Gas Transmission System, L.P.
FIRST REVISED VOLUME NO. 1
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Effective Date: 08/01/2009, Docket: RP09-805-000, Status: Effective
SECOND REVISED SHEET NO. 147 SECOND REVISED SHEET NO. 147
Superseding: FIRST REVISED SHEET NO. 147
this Article VII shall not in any way prevent either party to
this Contract from pledging or mortgaging its rights hereunder
as security for its indebtedness.
ARTICLE VIII - NONRECOURSE OBLIGATION OF PARTNERSHIP AND OPERATOR
Shipper acknowledges and agrees that (a) Transporter is a
Delaware limited partnership; (b) Shipper shall have no recourse
against any Partner in Transporter with respect to Transporter’s
obligations under this Contract and that its sole recourse shall
be against the partnership assets, irrespective of any failure to
comply with applicable law or any provision of this Contract;
(c) no claim shall be made against any Partner under or in
connection with this Contract; (d) Shipper shall have no right of
subrogation to any claim of Transporter for any capital
contributions from any Partner to Transporter; (e) no claims
shall be made against the Operator, its officers, employees, and
agents, under or in connection with this Contract and the
performance of Operator’s duties as Operator (provided that this
shall not bar claims resulting from the gross negligence or
willful misconduct of Operator, its officers, employees or
agents) and Shipper shall provide Operator with a waiver of
subrogation of Shipper’s insurance company for all such claims;
and (f) this representation is made expressly for the benefit of
the Partners in Transporter and Operator.
ARTICLE IX - LAW OF CONTRACT
The interpretation and performance of this Contract shall
be in accordance with and controlled by the laws of the State of
New York.