Trailblazer Pipeline Company
Fourth Revised Volume No. 1
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Effective Date: 12/28/2007, Docket: RP08-168-000, Status: Effective
Original Sheet No. 236 Original Sheet No. 236 : Effective
GENERAL TERMS AND CONDITIONS
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30. SUCCESSORS AND ASSIGNS
Any company which shall succeed by purchase, merger or
consolidation to the properties, substantially as an entirety, of
Shipper or Trailblazer shall be entitled to the rights and shall be
subject to the obligations of its predecessor in title under the
Agreement; provided, however, that Trailblazer 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 3 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 Trailblazer. Shipper or Trailblazer 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.