Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 05/01/2008, Docket: RP08-267-000, Status: Effective

Second Revised Sheet No. 641 Second Revised Sheet No. 641 : Effective

Superseding: First Revised Sheet No. 641

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

25. ASSIGNMENTS

 

Any Company which shall succeed by purchase, merger, or consolidation to the properties,

substantially as an entirety, of Customer, or of Pipeline, as the case may be, shall be

entitled to the rights and shall be subject to the obligations of its predecessor in title

under a Service Agreement; and either Customer or Pipeline may assign or pledge such Service

Agreement under the provisions of any mortgage, deed of trust, indenture, bank credit

agreement, assignment, receivable sale, or similar instrument which it has executed or may

execute hereafter; otherwise, neither Customer nor Pipeline shall assign the Service

Agreement or any of its rights hereunder unless it first shall have obtained the consent

thereto in writing of the other; provided further, however, that neither Customer nor

Pipeline shall be released from its obligations hereunder without the consent of the other.

In addition, Customers under any firm, Open-access, Part 284 Service Agreement may assign its

rights to capacity pursuant to Section 3.14 of the General Terms and Conditions. To the

extent Customer so desires, when it releases capacity pursuant to Section 3.14 of the General

Terms and Conditions, Customer may require privity between Customer and the Replacement

Customer, as further provided in the applicable Capacity Release Umbrella Agreement.