Common use of Assignment of Rights and Obligations under this Agreement Clause in Contracts

Assignment of Rights and Obligations under this Agreement. (a) Customer shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (i) such transferee has also been assigned the Exclusive Producer Purchase Right (including any contract or other arrangement forming a part of such right), (ii) the transferee specifically assumes all of Customer’s rights and obligations hereunder, and (iii) the transferee has, in Provider’s good faith and reasonable judgment, the financial and operational capability to perform and fulfill Customer’s obligations hereunder. Provider shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (A) such Person has acquired all or a portion of the Terminals System and/or Provider Tank Cars and (B) the portion of the rights and obligations of Provider under this Agreement to be transferred to such Person corresponds to the interest in the Terminals System and/or Provider Tank Cars so transferred to such Person.

Appears in 2 contracts

Samples: Terminal and Export Services Agreement (Hess Midstream Partners LP), Terminal and Export Services Agreement (Hess Midstream Partners LP)

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Assignment of Rights and Obligations under this Agreement. (a) Customer shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (i) such transferee has also been assigned the Exclusive Producer Purchase Right (including any contract or other arrangement forming a part of such right), (ii) the transferee specifically assumes all of Customer’s 's rights and obligations hereunder, and (iii) the transferee has, in Provider’s 's good faith and reasonable judgment, the financial and operational capability to perform and fulfill Customer’s 's obligations hereunder. Provider shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (A) such Person has acquired all or a portion of the Terminals System and/or Provider Tank Cars and (B) the portion of the rights and obligations of Provider under this Agreement to be transferred to such Person corresponds to the interest in the Terminals System and/or Provider Tank Cars so transferred to such Person.

Appears in 1 contract

Samples: Terminal and Export Services Agreement (Hess Midstream LP)

Assignment of Rights and Obligations under this Agreement. (a) Customer Shipper shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (i) such transferee has also been assigned the Exclusive Producer Purchase Right (including any contract or other arrangement forming a part of such right), (ii) the transferee specifically assumes all of CustomerShipper’s rights and obligations hereunder, and (iii) the transferee has, in ProviderGatherer’s good faith and reasonable judgment, the financial and operational capability to perform and fulfill CustomerShipper’s obligations hereunder. Provider Gatherer shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (A) such Person has acquired all or a portion of the Terminals Gathering System and/or Provider Tank Cars (including any Subsystem thereof) and (B) the portion of the rights and obligations of Provider Gatherer under this Agreement to be transferred to such Person corresponds correspond to the interest in the Terminals Gathering System and/or Provider Tank Cars so transferred to such Person.

Appears in 1 contract

Samples: Gas Gathering Agreement (Hess Midstream Partners LP)

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Assignment of Rights and Obligations under this Agreement. (a) Customer Shipper shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (i) such transferee has also been assigned the Exclusive Producer Purchase Right (including any contract or other arrangement forming a part of such right), (ii) the transferee specifically assumes all of Customer’s Xxxxxxx's rights and obligations hereunder, and (iii) the transferee has, in Provider’s Gatherer's good faith and reasonable judgment, the financial and operational capability to perform and fulfill Customer’s Shipper's obligations hereunder. Provider Gatherer shall be entitled to assign its rights and obligations under this Agreement (in whole or in part) to another Person; provided that (A) such Person has acquired all or a portion of the Terminals Gathering System and/or Provider Tank Cars (including any Subsystem thereof) and (B) the portion of the rights and obligations of Provider Gatherer under this Agreement to be transferred to such Person corresponds correspond to the interest in the Terminals Gathering System and/or Provider Tank Cars so transferred to such Person.

Appears in 1 contract

Samples: Gas Gathering Agreement (Hess Midstream LP)

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