Transfers or Assignments. If Dominion Virginia Power transfers or assigns its ownership of, or its rights equivalent to ownership in, its Transmission Facilities, it shall require the transferee or assignee to assume all rights and obligations under this Agreement and to become a Party to this Agreement. Such transferee or assignee may withdraw from this Agreement in accordance with the provisions of Sections 3.2 and 3.4.
Appears in 2 contracts
Sources: PJM South Transmission Owner Agreement (Dominion Resources Inc /Va/), PJM South Transmission Owner Agreement (Virginia Electric & Power Co)