Kern River Gas Transmission Company
Second Revised Volume No. 1
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Effective Date: 09/06/2004, Docket: RP04-444-000, Status: Effective
First Revised Sheet No. 376 First Revised Sheet No. 376 : Effective
Superseding: Original Sheet No. 376
. .
FORM OF RELEASED TRANSPORTATION SERVICE AGREEMENT (Continued)
ARTICLE VI - SUCCESSORS AND ASSIGNS
6.1 This Agreement will be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. No
assignment or transfer by Replacement Shipper or by Transporter of any
of their respective rights hereunder, except as provided in Section 15,
will be made without the prior written consent of the other party. Such
consent will not be unreasonably withheld. No such consent of
Transporter or Replacement Shipper will be required when an assignment
or transfer by Transporter or Replacement Shipper is the result of, and
part of, a corporate acquisition, merger or reorganization.
6.2 Nothing contained herein will prevent either party from pledging,
mortgaging or assigning its rights hereunder as security for any
indebtedness and either party may assign to the pledgee or mortgagee (or
to a trustee for the holder of such indebtedness) any money due or to
become due under this Agreement. As between the parties hereto, such
assignment will become effective on the first day of the month following
written notice that such assignment has been effectuated. Upon request
of either party, the other party will acknowledge in writing any
permitted assignment described herein and the right of any permitted
assignee (and any assignee upon enforcement of any assignment made as
security for indebtedness) to enforce this Agreement against such other
party, and will also deliver such certificates, copies of corporate
documents and opinions of counsel as may be reasonably requested by such
permitted assignee relating to such party, this Agreement and any other
matters relevant thereto. No permitted assignment will relieve the
assigning party from any of its obligations under this Agreement.
6.3 Replacement Shipper hereby confirms that the rights of Transporter under
this Agreement that may be assigned include any right given or reserved
to Transporter in the Agreement to consent to any assignment or transfer
by Replacement Shipper of its rights and obligations thereunder.