Canyon Creek Compression Company
Third Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 12/01/1993, Docket: RS92- 57-003, Status: Effective
Original Sheet No. 185 Original Sheet No. 185 : Effective
GENERAL TERMS AND CONDITIONS
----------------------------
27. SUCCESSORS AND ASSIGNS
Any company which shall succeed by purchase, merger or
consolidation to the properties, substantially as an entirety, of
Shipper or Canyon shall be entitled to the rights and shall be
subject to the obligations of its predecessor in title under the
Agreement; provided, however, that Canyon reserves the right to
evaluate and approve the creditworthiness of the new entity in
accordance with the Evaluation of Credit section of these General
Terms and Conditions. Except as provided in Section 2 of these
General Terms and Conditions, no other assignment of an Agreement or
any of the rights or obligations thereunder shall be made by Shipper
unless there first shall have been obtained the written consent
thereto of Canyon. Shipper or Canyon may pledge or assign their
respective right, title and interest in and to and under the
Agreement to a trustee or trustees, individual or corporate, as
security for bonds or other obligations or securities without the
necessity of such trustee or trustees becoming in any respect
obligated to perform the obligations of the assignor under the
Agreement and, if any such trustee be a corporation, without its
being required to qualify to do business in any State in which
performance of the Agreement may occur.