Mandatory Assignment. Upon acquisition of ownership of the Maritime Link by Transmission Customer or an Affiliate of Transmission Customer, Transmission Provider shall assign this Agreement to Transmission Customer or to an Affiliate of Transmission Customer designated by Transmission Customer, provided that upon such assignment, the party taking assignment of this Agreement shall assume all obligations and liabilities arising in its capacity as the transmission provider under this Agreement, as of and following the time of the assignment.
Appears in 2 contracts
Sources: Transmission Service Agreement, Transmission Service Agreement