Portland Natural Gas Transmission System
Second Revised Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-885-000, Status: Effective
First Revised Sheet No. 507 First Revised Sheet No. 507
Superseding: Original Sheet No. 507
ARTICLE VIII - NOTICES
Notices to Transporter shall be addressed to:
Portland Natural Gas Transmission System
One Harbour Place
Portsmouth, New Hampshire 03801
Notices to Shipper hereunder shall be addressed to:
[Name of Shipper]
[address]
Either party may change its address under this Article by written
notice to the other party.
ARTICLE IX - 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. It is agreed,
however, that the restrictions on assignment contained in this Article IX
shall not in any way prevent either party to this Contract from pledging or
mortgaging its rights hereunder as security for its indebtedness.
Shipper acknowledges that Transporter intends to make a collateral
assignment of this Contract to financial institutions (collectively, the
"Lenders") in connection with a Financing Agreement and agrees that if the
Lenders succeed to the interest of Transporter by foreclosure or otherwise
Shipper shall accord the Lenders the same rights as Transporter hereunder.