Iroquois Gas Transmission System, L.P.
FIRST REVISED VOLUME NO. 1
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Effective Date: 04/15/2010, Docket: RP10-489-000, Status: Effective
SECOND REVISED SHEET NO. 178D SECOND REVISED SHEET NO. 178D
Superseding: FIRST REVISED SHEET NO. 178D
ARTICLE VII - TRANSFER AND ASSIGNMENT OF CONTRACT
Any entity which shall succeed by purchase, merger or
consolidation to the properties, substantially as an entirety,
of either Transporter or Shipper, as the case may be, shall be
entitled to the rights and shall be subject to the obligations
of its predecessor in title under this Contract. [Any party may,
without relieving itself of its obligations under this Contract,
assign any of its rights hereunder to an entity with which it
is affiliated, but otherwise no assignment of this Contract or of
any of the rights or obligations hereunder shall be made unless
there first shall have been obtained the written consent thereto
of Shipper in the event of an assignment by Transporter or
Transporter in the event of an assignment by Shipper, which
consents shall not be unreasonably withheld.][Any party may,
without relieving itself of its obligations under this Contract,
assign any of its rights hereunder to an entity if that party
first obtains the written consent thereto of the other party
and such consents shall not be unreasonably withheld.] It is
agreed, however, that the restrictions on assignment contained
in 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 the
obligations of Transporter 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.