Vector Pipeline L.P.

Original Volume No. 1

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Effective Date: 06/01/2010, Docket: RP10-678-000, Status: Effective

First Revised Sheet No. 163A First Revised Sheet No. 163A

Superseding: Original Sheet No. 163A

 

40. ASSIGNMENT AND SUCCESSION

 

Any person which shall succeed by purchase of all or substantially all

of the assets, and assumption of all or substantially all of the

liabilities of, or merger or consolidation, with either Transporter or

Shipper, as the case may be, shall be entitled to the rights and shall

be subject to the obligation of its predecessor in title under any Firm

Transportation Agreement, Interruptible Transportation Agreement, Park

and Loan Service Agreement, Management of Balancing Agreement, Title

Transfer Agreement, Capacity Release Transactions Agreement, Operating

Balancing Agreement, or QuickNom™ Access Agreement. In addition,

subject to Transporter's approval, which shall not be unreasonably

withheld, Shipper may assign all of its above listed Agreements to an

affiliate in the limited circumstances where, after Shipper obtains such

Agreements, a corporate reorganization results in a transfer of the

functions for which the Agreements were obtained to another company

within the same corporate family. Any entity that succeeds by

consolidation or otherwise to the properties of Shipper, substantially

as an entity, shall be entitled to the rights and shall be subject to

the obligations of its predecessors under Transporter's Service

Agreement, including the satisfaction of the criteria in section 31.