Common use of Permitted Transfers by Shippers Clause in Contracts

Permitted Transfers by Shippers. Except for acreage swaps described in Section 1.1(d) above, and subject to compliance with Section 7.5 herein, (i) a Shipper may transfer any of its rights, titles and interests under this Agreement and in the Gas subject to dedication hereunder to an Affiliate without the prior approval of LMM, and (ii) a Shipper may transfer all, but not less than all, of its rights, titles and interests under this Agreement and in the leases subject to dedication hereunder to a person that is not an Affiliate upon the prior written consent of LMM, which consent shall not be unreasonably withheld, conditioned nor delayed; provided, in no event may a Shipper make any transfer of this Agreement or its interest in the Gas subject to dedication hereunder which would have the effect of separating the rights and obligations of such Shipper hereunder from such Shipper’s ownership of its interest in the Gas dedicated hereunder.

Permitted Transfers by Shippers. Except for acreage swaps described in Section 1.1(d) above, and subject to compliance with Section 7.5 6.5 herein, (i) a Shipper may transfer any of its rights, titles and interests under this Agreement and in the Gas subject to dedication hereunder to an Affiliate without the prior approval of LMM, and (ii) a Shipper may transfer all, but not less than all, of its rights, titles and interests under this Agreement and in the leases subject to dedication hereunder to a person that is not an Affiliate upon the prior written consent of LMM, which consent shall not be unreasonably withheld, conditioned nor delayed; , provided, in no event may a Shipper make any transfer of this Agreement or its interest in the Gas subject to dedication hereunder which would have the effect of separating the rights and obligations of such Shipper hereunder from such Shipper’s ownership of its interest in the Gas dedicated hereunder.