White River Hub, LLC

Original Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-645-000, Status: Effective

Original Sheet No. 140 Original Sheet No. 140

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

21. ASSIGNMENT

 

White River may pledge or charge its interest under a transportation

service agreement under the provisions of any mortgage, deed of trust,

indenture, security agreement, loan agreement, or similar instrument which it

executes. Shipper shall not assign any of its rights under a transportation

service agreement incorporating these General Terms and Conditions unless it

first shall have obtained the consent of White River in writing and the

assignment does not conflict with FERC regulations and policies. Shipper may

not pledge or charge its interest under a transportation service agreement

under the provisions of any mortgage, deed of trust, indenture, security

agreement, loan agreement or similar instrument which it executes without the

consent in writing of White River. No person which succeeds by purchase,

merger or consolidation to the properties of Shipper shall be entitled to any

part of the interest of Shipper under its transportation service agreement

without the written consent of White River.

 

22. NON-WAIVER OF FUTURE DEFAULTS

 

No waiver by either party of any one or more defaults by the other in

the performance of any provision of a service agreement between Shipper and

White River shall operate or be construed as a waiver of any future default.