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July 5, 2006 CCP
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July 5, 2006 CCP
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PL X 980112 <br />Form Approved, AVP-Law <br />Section 13. TERMINATION. <br />(a) If the Licensee does not use the right herein granted or the Pipeline for one (1) year, or if the <br />Licensee continues in default in the performance of any covenant or agreement herein contained for a <br />period of thirty (30) days after written notice from the Licensor to the Licensee specifying such default, <br />the Licensor may, at its option, forthwith immediately terminate this Agreement by written notice. <br />(b) In addition to the provisions of subparagraph (a) above, this Agreement may be terminated by <br />written notice given by either party hereto to the other on any date in such notice stated, not less, <br />however, than thirty (30) days subsequent to the date upon which such notice shall be given. <br />(c) Notice of default and notice of termination may be served personally upon the Licensee or by <br />mailing to the last known address of the Licensee. Termination of this Agreement for any reason shall <br />not affect any of the rights or obligations of the parties hereto which may have accrued, or liabilities, <br />accrued or otherwise, which may have arisen prior thereto. <br />Section 14. AGREEMENT NOT TO BE ASSIGNED. <br />The Licensee shall not assign this Agreement, in whole or in part, or any rights herein granted, without <br />the written consent of the Licensor, and it is agreed that any transfer or assignment or attempted transfer <br />or assignment of this Agreement or any of the rights herein granted, whether voluntary, by operation of <br />law, or otherwise, without such consent in writing, shall be absolutely void and, at the option of the <br />Licensor, shall terminate this Agreement. <br />Section 15. SUCCESSORS AND ASSIGNS. <br />Subject to the provisions of Section 14 hereof, this Agreement shall be binding upon and inure to the <br />benefit of the parties hereto, their heirs, executors, administrators, successors and assigns. <br />plx.exb <br />Exhibit B <br />
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