Carnegie Interstate Pipeline Company

Original Volume No. 1

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Effective Date: 01/01/1995, Docket: CP93-552-003, Status: Effective

Original Sheet No. 125 Original Sheet No. 125 : Effective

Superseding: Original Sheet No. 125

GENERAL TERMS AND CONDITIONS

(Continued)

 

23. MODIFICATION

 

No modification of the terms and provisions of any Service

Agreement shall be or become effective except by the

execution of a written instrument.

 

24. ASSIGNMENT

 

Any company which shall succeed by purchase, merger or

consolidation to the properties, substantially as an

entirety, of CIPCO or of Customer, as the case may be,

shall be entitled to the rights and shall be subject to

the obligations of its predecessors in title under a

Service Agreement. Any party may, without relieving

itself of its obligations under such agreement, assign any

of its rights thereunder to a company with which it is

affiliated, but otherwise no assignment of such agreement,

or of any of the rights or obligations thereunder shall be

made unless there first shall have been obtained the

consent thereto of CIPCO, in the event of any assignment

by Customer, or the consent thereto of Customer, in the

event of an assignment by CIPCO. These restrictions on

assignment shall not in any way prevent any party from

pledging or mortgaging its rights under a Service

Agreement as security of its indebtedness.

 

25. TERMINATION FOR DEFAULT

 

If either CIPCO or Customer shall fail to perform any of

the covenants or obligations imposed upon it or them under

and by virtue of a Service Agreement, then in such event

the other party may at its option terminate such agreement

by proceeding as follows: The party not in default shall

cause a written notice to be served on the party in

default stating specifically the cause for terminating the

agreement and declaring it to be the intention of the

party giving the notice to terminate the same; thereupon

the party in default shall have thirty (30) days after

service of the aforesaid notice in which to remedy or

remove the cause or causes stated in the notice for

terminating the agreement, and if within said period of

thirty (30) days the party in default does so remove and

remedy said cause or causes and fully indemnify the party

not in default for any and all consequences of such

breach, by a good and sufficient