Natural Gas Pipeline Company Of America
Seventh Revised Volume No. 1
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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective
Original Sheet No. 485 Original Sheet No. 485 : Pending
GENERAL TERMS AND CONDITIONS
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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.