PMI Contract definition
Examples of PMI Contract in a sentence
PMI shall have approved of the assignment of the PMI Contract to Buyer.
If a Party receives or pays any monies from or to a third Person, including, without limitation, from PMI pursuant to the PMI Contract that are owed to the other Party, the receiving Party will promptly remit such monies to such other Party.
At the Closing, Buyer shall pay the Purchase Price, as adjusted, to Seller and execute and deliver to Seller the Assumption Agreement, and Seller shall execute and deliver to Buyer the General Conveyance pursuant to which title to the Brownsville Terminal Assets and the PMI Contract is transferred and conveyed to Buyer.
The term of this Agreement shall, unless terminated under the provisions of Section 1.2., commence on the Effective Date and remain in full force and effect for the term of the PMI Contract, as extended from time to time thereafter.
Each PMI Contract is in full force and effect and is valid and enforceable in accordance with its terms.
On a quarterly basis, if there is an LPG loss for which Carrier is liable, as calculated under Section 6.5, Carrier will compensate Shipper for such loss in United States currency based upon the price as defined in the PMI Contract.
All LPG delivered by Shipper at the Receipt Point and all LPG delivered by Carrier at the Delivery Point must meet the quality specifications required for delivery of LPG to PMI under the terms of the PMI Contract (“Specifications”).
PMI is not in default under any PMI Contract, and to PMI's knowledge no event or circumstance has occurred that would, with notice or lapse of time or both, constitute an event of default under any PMI Contract.
Seller and PMI shall have entered into the ------------- PMI Contract and PMI shall have approved of the assignment of the contract by Seller to Buyer.
To the knowledge of PMI, no other party to any of the PMI Contracts is in default under that PMI Contract.