Statutes, codes, and regulations
New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTIONChapter 11 - NEW JERSEY WATER SUPPLY AUTHORITY
Subchapter 5 - RULES FOR THE USE OF WATER FROM THE MANASQUAN RESERVOIR WATER SUPPLY SYSTEM
Section 7:11-5.12 - Assignment

N.J. Admin. Code § 7:11-5.12

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 7:11-5.12 - Assignment
(a) Neither party to the water purchase contract may assign its contractual rights or obligations without the consent of the other party or parties entitled to the benefit of such rights or obligations except for any assignment by a purchaser under the terms of a three-party water purchase contract to New Jersey American Water.
(b) In the case of New Jersey American Water, upon any such assignment, and the delivery to the Authority of an instrument of assumption of the liabilities of the purchaser by New Jersey American Water, the purchaser shall be relieved of all further liability under the terms of the water purchase contract.

N.J. Admin. Code § 7:11-5.12

Amended by R.2009 d.114, effective 4/6/2009.
See: 40 N.J.R. 5903(a), 41 N.J.R. 1403(a).
Substituted "New Jersey American Water" for "New Jersey-American Water Company, Inc." throughout; and in (a), substituted "three-party" for "three party".