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.