Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective

Original Sheet No. 485 Original Sheet No. 485 : Pending

 

 

GENERAL TERMS AND CONDITIONS

----------------------------

 

 

32. SUCCESSORS AND ASSIGNS

 

Any company which shall succeed by purchase, merger or

consolidation to the properties, substantially as an entirety, of

Shipper or Natural shall be entitled to the rights and shall be

subject to the obligations of its predecessor in title under the

Agreement; provided, however, that Natural reserves the right to

evaluate and approve the creditworthiness of the new entity in

accordance with the Credit Evaluation section 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

Natural. Shipper or Natural 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.