Puget Sound Energy, Inc.
Original Volume No. 1
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Effective Date: 11/01/1998, Docket: CP98-250-002, Status: Effective
Original Sheet No. 25 Original Sheet No. 25 : Effective
2.2.3 So long as the Storage Project or any part thereof as
originally constructed, reconstructed or added to is used or
useful for the storage of natural gas, or to the end of the period
permitted by applicable law, whichever first occurs, each Owner
waives the right to partition whether by partition in kind or sale
and division of the proceeds thereof and agrees that during said
time such Owner will not resort to any action at law or in equity
to partition and further that for said time waives the benefit of
all laws that may now or hereafter authorize such partition of the
properties comprising the Storage Project.
2.2.4 Except as set forth in ARTICLE 6, (i) the duties,
obligations and liabilities of the Owners are intended to be
several and not joint or collective, and (ii) none of the Owners
shall be jointly or severally liable for the acts, omissions, or
obligations of any of the other Owners. No provision of this
Agreement shall be construed to impose a partnership duty,
obligation or liability, on or with regard to any one or more of
the Owners. No Owner shall have a right or power to bind any
other Owner without its or their express written consent, except
as expressly provided in this Agreement.
2.2.5 Each Owner and its designees shall have the right to go upon
and into the Storage Project at any time subject to the rules and
regulations of public authorities having jurisdiction thereof and
to the necessity of efficient and safe construction and operation
of the Storage Project, but the Project Operator shall have
possession and control of the Storage Project for all Owners.
2.2.6 In the construction and operation of the Storage Project,
each Owner shall act without compensation other than
reimbursements of costs and expenses or payments provided for in
this Agreement.
2.3 Permitted Transfers of Ownership Interest
No Owner may sell, convey, pledge, assign, encumber or dispose of
all or any part of its Ownership Interest in the Storage Project
or of its