Kinder Morgan Louisiana Pipeline LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective

Original Sheet No. 238 Original Sheet No. 238

 

GENERAL TERMS AND CONDITIONS

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25. SUCCESSORS AND ASSIGNS

 

Any company which shall succeed by purchase, merger or

consolidation to the properties, substantially as an entirety, of

Shipper or KMLP shall be entitled to the rights and shall be subject

to the obligations of its predecessor in title under any Agreement;

provided, however, that KMLP 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. No other assignment of an Agreement of any of the rights

or obligations thereunder shall be made by Shipper unless there

first shall have been obtained the written consent thereto of KMLP,

which consent shall not be unreasonably withheld. Any assignment

shall not be accepted if inconsistent with Commission policy

regarding capacity release. Shipper or KMLP 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.