Alabama-Tennessee Natural Gas Company
Second Revised Volume No. 1
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Effective Date: 09/01/1993, Docket: RS92- 27-003, Status: Effective
Original Sheet No. 193 Original Sheet No. 193 : Superseded
FORM OF RELEASED TRANSPORTATION SERVICE CONTRACT
(continued)
If to Replacement Shipper:
ARTICLE V
SUCCESSORS AND ASSIGNS
This Contract shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns.
No assignment or transfer by either party of any of its rights
hereunder, except for transfers pursuant to the release program set
forth in Transporter's Tariff, shall be made without the prior
written consent of the other party. Such consent shall not be
unreasonably withheld. No such consent of Transporter or
Replacement Shipper shall be required when an assignment by
Replacement Shipper or Transporter is the result of, and part of,
a corporate acquisition, merger or reorganization. Nothing
contained herein shall prevent either party from pledging,
mortgaging or assigning its rights hereunder as security for its
indebtedness and either party may assign to the pledgee or
mortgagee (or to a trustee for the holder of such indebtedness) any
money due or to become due under this Contract. As between the
parties hereto, such assignment shall become effective on the first
day of the month following written notice that such assignment has
been effectuated. Upon request of either party, the other party
shall acknowledge in writing any permitted assignment described
herein and the right of any permitted assignee (and any assignee
upon enforcement of any assignment made as security for
indebtedness) to enforce this Contract against such other party,
and shall also deliver such certificates, copies of corporate
documents and opinions of counsel as may be reasonably requested by
such permitted assignee relating to such party, this Contract and
any other matters relevant thereto. No permitted assignment shall
relieve the assigning party from any of its obligations under this