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. 508 First Revised Sheet No. 508
Superseding: Original Sheet No. 508
In order to facilitate obtaining financing or refinancing for the
System, Shipper shall execute such consents, agreements or similar documents
with respect to a collateral assignment hereof to the Lenders, and any credit
support documents, and shall deliver an opinion of counsel on behalf of
Shipper and any provider of credit support, as Lenders may reasonably request
in connection with the documentation of the financing or refinancing for the
System, which consent and opinion shall, among other things warrant or opine
the enforceability of this Contract and of any credit support documents under
the applicable governing law(s) and the compliance thereof with all applicable
law.
ARTICLE X - NONRECOURSE OBLIGATION OF PARTNERSHIP AND OPERATOR
Shipper acknowledges and agrees that: (a) Transporter is a Maine
general 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 XI - LAW OF CONTRACT
Notwithstanding conflict-of-laws rules, the interpretation and
performance of this Contract shall be in accordance with and controlled by the
laws of the State of Maine.
ARTICLE XII - CHANGE IN TARIFF PROVISIONS
Shipper agrees that Transporter shall have the unilateral right to
file with the Federal Energy Regulatory Commission or any successor regulatory
authority any changes in any of the provisions of its Tariff, including of any
of its Rate Schedules, or the General Terms and Conditions, as Transporter may
deem necessary, and to make such changes effective at such times as
Transporter desires and is possible under applicable law.