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. 516 First Revised Sheet No. 516
Superseding: Original Sheet No. 516
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. 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 Maine
general 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.
ARTICLE IX - LAW OF CONTRACT
Notwithstanding conflict-of-law rules, the interpretation and
performance of this Contract shall be in accordance with and controlled by the
laws of the State of Maine.