Assignment Agreement between Transco Pipeline Services LLC and Williams WPC-I, LLC
Transco Pipeline Services LLC (Assignor) and Williams WPC-I, LLC (Assignee) entered into this agreement effective January 1, 2013. The agreement transfers all rights and obligations under a prior Administrative Services Agreement from Transco Pipeline Services to Williams WPC-I, including any responsibilities arising before the effective date. This transfer is part of an organizational restructuring, and both parties agree that Williams WPC-I will now be responsible for all aspects of the original agreement.
Exhibit 10.2
ASSIGNMENT AGREEMENT
This Assignment Agreement (Assignment), entered into by and among Transco Pipeline Services LLC, a Delaware limited liability company (Assignor), and Williams WPC-I, LLC, a Delaware limited liability company (Assignee), is effective as of January 1, 2013 (the Effective Date).
RECITALS
A. WHEREAS, Transcontinental Gas Pipe Line Company, LLC, a Delaware limited liability company, and Assignor are parties to an Administrative Services Agreement dated February 16, 2010 (the Agreement).
B. WHEREAS, pursuant to an organizational restructuring of The Williams Companies, Inc. and its affiliates, employees of Assignor ceased to be employees of Assignor and became employees solely of Assignee on the Effective Date.
Assignor and Assignee hereto agree as follows:
ASSIGNMENT AND ASSUMPTION
1. Assignment. Assignor hereby assigns to Assignee all rights, obligations, and other interests in and under the Agreement.
2. Assumption. Assignee shall assume and be responsible for all of Assignors rights, obligations, and other interests in and under the Agreement, including, but not limited to, any rights or obligations arising before the Effective Date.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be executed by their duly authorized representatives on February 13, 2013.
ASSIGNOR:
Transco Pipeline Services LLC | ASSIGNEE:
Williams WPC-I, LLC | |||||||
By: | /s/ Frank J. Ferazzi | By: | /s/ Stephanie C. Cipolla | |||||
Frank J. Ferazzi | Stephanie C. Cipolla | |||||||
Vice President | President |