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