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.