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.