Insecure Party definition

Insecure Party has the meaning set forth in Section 10.2.
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Insecure Party has the meaning set forth in Section 9.E. of this Agreement.
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Insecure Party has the meaning set forth in Section 10.6 of the General Terms and Conditions. “Inert Constituents” means non-hydrocarbon constituents contained in Gas, including carbon dioxide, oxygen, nitrogen, hydrogen sulfide, water vapor, ozone, nitrous oxide, and mercury. “Law” shall mean any and all constitutional provisions, rules, codes, regulations, statutes, ordinances, enactments, judicial and administrative orders, decrees, standards, decisions and rulings that are adopted, enacted, promulgated or issued by any federal, state, municipal, parish or tribal governmental authority, including the common law. “Leases” means any lease, mineral interest, working interest, net profit interest, royalty or overriding royalty, fee right, mineral servitude, license, concession or other right covering Gas and related hydrocarbons or an undivided interest therein or portion thereof within the Dedication Area, along with rights to drill for, produce and dispose of Gas and liquid hydrocarbons or other substances, in and under the lands covered thereby. “Level One Service” has the meaning set forth in Section 2.1(b) of the General Terms and Conditions. “Level Two Service” has the meaning set forth in Section 2.1(b) of the General Terms and Conditions. “Losses” means any actual losses, costs, expenses, liabilities, damages, demands, suits, sanctions, causes of action, claims, judgments, liens, fines or penalties, including court costs and reasonable attorneys’ fees. “Low Pressure Gathering Fee” has the meaning set forth in Section 3.1(a) of the Agreement. “Low Pressure Receipt Point” means those Receipt Point(s) delivering into the high pressure portion of the SCM GGP System, where SCM is providing compression services. 4
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Examples of Insecure Party in a sentence

  • If bankruptcy proceedings are commenced with respect to the Insolvent Party, then the Insecure Party may suspend all further performance of this Agreement until the Insolvent Party assumes or rejects this Agreement pursuant to section 365 of the Bankruptcy Code or any similar or successor provision.

  • Any such suspension of further performance by the Insecure Party pending the Insolvent Party's assumption or rejection will not be a breach of this Agreement and will not affect the Insecure Party's right to pursue or enforce any of its rights under this Agreement or otherwise 20 Third Party Rights.

  • Additional Comments or Explanations: None Carbon School District1.

  • The Insecure Party may suspend deliveries or receipts hereunder or terminate this Contract and all Transactions hereunder without penalty if Adequate Assurance has not been received within two (2) business days of such request or until the requested Adequate Assurance has been posted.

  • Adequate Assurance may, at the option and sole discretion of the Insecure Party, include (i) the posting of a letter of credit; (ii) cash prepayments; (iii) corporate guarantees or (iv) other collateral security acceptable to the Insecure Party.

  • Any such suspension of further performance by the Insecure Party pending the Defaulting Party's assumption or rejection shall not be a breach of this Agreement and shall not affect the Insecure Party's right to pursue or enforce any of its rights under this Agreement or otherwise.

  • If bankruptcy proceedings are commenced with respect to the Defaulting Party and if this Agreement has not otherwise terminated, then the Insecure Party may suspend all further performance of this Agreement until the Defaulting Party assumes or rejects this Agreement pursuant to Section 365 of the Bankruptcy Code or any similar or successor provision.

  • Adequate assurance shall mean security in the form, amount and for the term reasonably specified by the Insecure Party, including, but not limited to, a standby irrevocable letter of credit issued by a Qualified Institution, a prepayment or a guarantee by an entity deemed creditworthy at the sole discretion of the Insecure Party, advance cash payment or other satisfactory security reasonably acceptable to the Insecure Party.

  • Notwithstanding anything to the contrary herein, Assuring Party may, within [***] days of it providing Adequate Assurance hereunder and upon [***] days prior written notice to the Insecure Party, terminate this Agreement.

  • Eligible Collateral shall be posted in a form and an amount reasonably calculated to protect the Insecure Party from its financial exposure hereunder (“Cover Exposure”).


More Definitions of Insecure Party

Insecure Party is defined in Section 8.04 of this Exhibit A.
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Insecure Party shall have the meaning given to such term in Section 19.6 of this Agreement. “Interests” shall mean any right, title, or interest in lands, Xxxxx, or leases with the right to produce oil and/or gas therefrom whether arising from fee ownership, working interest ownership, mineral ownership, leasehold ownership, or arising from any pooling, unitization or communitization of any of the foregoing rights. “LACT” shall mean a lease automatic custody transfer unit whereby custody of Shipper Crude Oil will transfer from one Party to the other Party or its designee, as applicable, that is installed and operated in accordance with the latest revision of API Manual of Petroleum Measurement Standards, Chapter 6.1. “Losses” shall mean any actual loss, cost, expense, liability, damage, demand, suit, sanction, claim, judgment, lien, fine or penalty, including attorneys’ fees, asserted by a third party not Affiliated with the Party incurring such, and which are incurred by the applicable indemnified Persons on account of injuries (including death) to any person or damage to or destruction of any property, sustained or alleged to have been sustained in connection with or arising out of the matters for which the indemnifying party has indemnified the applicable indemnified Persons. “Maximum Daily Quantity” shall mean the maximum volume of Crude Oil (expressed in BPD) a Priority Shipper, including Shipper, is allowed to deliver to the Gathering System pursuant to such Priority Shipper’s COGA. 5
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Related to Insecure Party

  • complaining Party means any Party that requests the establishment of an arbitration panel under Article 3.28 (Initiation of Arbitration Procedure);

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Aggrieved party means a party entitled to pursue a remedy.

  • Opposing Party means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Xxxxxxxx has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Xxxxxx’s judgment, could result in forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx’s judgment, precludes forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Xxxxxx’s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.

  • Party or “Parties” has the meaning set forth in the Preamble.

  • Breaching Party has the meaning set forth in Section 12.2.

  • Publishing Party has the meaning set forth in Section 12.5.3.

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Head of the Procuring Entity means the Secretary of a Ministry or a Division, the Head of a Government Department or Directorate; or the Chief Executive, by whatever designation called, of a local Government agency, an autonomous or semi-autonomous body or a corporation, or a corporate body established under the Companies Act;

  • Innocent Party means, in relation to a breach of an obligation under this contract, the party who is not in breach of that obligation; "Insolvency Event", in relation to either of the parties, has occurred where:

  • Force Majeure Notice means a notice to be given by the Affected Party to the other party stating that a Force Majeure Event has occurred;

  • Force Majeure means an event beyond the control of the supplier and not involving the supplier’s fault or negligence and not foreseeable. Such events may include, but is not restricted to, acts of the purchaser in its sovereign capacity, wars or revolutions, fires, floods, epidemics, quarantine restrictions and freight embargoes.

  • Cure Claim means a monetary Claim based upon the Debtors’ defaults under any Executory Contract or Unexpired Lease at the time such contract or lease is assumed by the Debtors pursuant to section 365 of the Bankruptcy Code.

  • Party B The Credit Support Annex, solely in respect of Party B's obligations under Paragraph 3(b) of the Credit Support Annex.

  • Performing Party As defined in Section 11.12.

  • Force Majeure Event means an event, or a series of related events, that is outside the reasonable control of the party affected (including failures of the internet or any public telecommunications network, hacker attacks, denial of service attacks, virus or other malicious software attacks or infections, power failures, industrial disputes affecting any third party, changes to the law, disasters, explosions, fires, floods, riots, terrorist attacks and wars);

  • MLC means Maritime Labour Convention adopted by the General Conference of the International Labour Organization on 23 February 2006.

  • Indemnitor has the meaning set forth in Section 12.3.

  • Force Majeure Report means a report to be given by the Affected Party to the other party following the giving of a Force Majeure Notice;

  • Security Party means the Borrowers, the Corporate Guarantor, the Shareholder or any other person who may at any time be a party to any of the Security Documents (other than the Banks);

  • Attaching Party means any Party wishing to make a physical Facility Attachment on or in any AT&T structure.

  • Force Majeure Period has the meaning specified in Section 13.1.

  • Settling Party means any one of, and “Settling Parties” means all of, the parties to the Stipulation, namely Defendants and Plaintiffs (on behalf of themselves and the Settlement Class).

  • Relevant Force Majeure Event means a Force Majeure Event in relation to which an Affected Party is claiming relief under this Clause 17; and

  • Non-Breaching Party has the meaning set forth in Section 12.2.1.

  • Obligated Party has the meaning assigned to such term in Section 10.02.