Common use of Permanent Assignment Clause in Contracts

Permanent Assignment. Shipper may assign this Contract to a third party (“Assignee”), up to the Contract Demand, (the “Capacity Assigned”). Such assignment shall require the prior written consent of Union and release of obligations by Union for the Capacity Assigned from the date of assignment. Such consent and release shall not be unreasonably withheld and shall be conditional upon the Assignee providing, amongst other things, financial assurances as per Subsection 3.01 (d), herein. Any such assignment will be for the full rights, obligations and remaining term of this Contract as relates to the Capacity Assigned.