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