Common use of Succession and Assignments Clause in Contracts

Succession and Assignments. This Agreement shall be binding upon and inure to the benefit of any successor(s) to either Panhandle or Shipper by merger, consolidation or acquisition. Either Panhandle or Shipper may assign or pledge this Agreement and all rights and obligations hereunder under the provisions of any mortgage, deed of trust, indenture or other instrument which it has executed or may execute hereafter as security for indebtedness; otherwise, except as provided in Section 15 of the General Terms and Conditions, neither Panhandle nor Shipper shall assign this Agreement or its rights hereunder without first having obtained the formal written consent of the other(s).

Succession and Assignments. This Agreement shall be binding upon and inure to the benefit of any successor(s) to either Panhandle or Shipper by merger, consolidation or acquisition. Either Panhandle or Shipper Xxxxxxx may assign or pledge this Agreement and all rights and obligations hereunder under the provisions of any mortgage, deed of trust, indenture or other instrument which it has executed or may execute hereafter as security for indebtedness; otherwise, except as provided in Section 15 of the General Terms and Conditions, neither Panhandle nor Shipper Xxxxxxx shall assign this Agreement or its rights hereunder without first having obtained the formal written consent of the other(s).

Succession and Assignments. This Agreement shall be binding upon and inure to the benefit of any successor(s) to either Panhandle or Shipper by merger, consolidation or acquisition. Either Panhandle or Shipper Xxxxxxx may assign or pledge this Agreement and all rights and obligations hereunder under the provisions of any mortgage, deed of trust, indenture or other instrument which it has executed or may execute hereafter as security for indebtedness; otherwise, except as provided in Section 15 of the General Terms and Conditions, neither Panhandle nor Shipper Xxxxxxx shall assign this Agreement or its rights hereunder without first having obtained the formal written consent of the other(s).