Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 12/31/2000, Docket: GT01- 6-000, Status: Effective
Original Sheet No. 3800 Original Sheet No. 3800 : Effective
GENERAL TERMS AND CONDITIONS
Section 31
31. ASSIGNMENTS
Any entity which shall succeed by purchase, merger or consolidation to
the properties, substantially as an entirety, of Gulf South or Customer,
shall, if eligible, succeed to the rights and obligations of its
predecessor in title under a service agreement. Either party may pledge
a service agreement under the provisions of any mortgage, deed of trust,
indenture, or similar instrument which it has executed or may execute
hereafter covering substantially all of its properties; otherwise,
neither party shall assign a service agreement or any of its rights or
obligations thereunder without the consent in writing of the other party
which consent shall not be unreasonably withheld. Upon assignment, the
rights and obligations of the parties under a service agreement shall be
binding upon the successors and assigns of those parties.