Shipper Default definition

Shipper Default means the meaning ascribed to it in Section 16.2;

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Shipper Default has the meaning set forth in Section 7.1;

Shipper Default has the meaning ascribed to it in Article 7.2 hereof.

Examples of Shipper Default in a sentence

Following the receipt of any Shipper Default Notice, the Shipper shall (i) promptly notify the Transporter of the measures it has taken or intends to take to remedy the Shipper Event of Default which is the subject of such notice, and (ii) within a period of 30 (thirty) Days from the date of such receipt (or such longer period as the Transporter may specify in such notice) (the “Shipper Cure Period”) to remedy such breach or default; and, shall act as a Reasonable and Prudent Operator in doing so.
Subject to Clause 13.5, following the expiry of the Shipper Cure Period, if the Shipper Event of Default to which the Shipper Default Notice relates is continuing, the Transporter may terminate this Agreement by written notice (a “Transporter Termination Notice”) to the Shipper and this Agreement shall terminate with immediate effect on the date of such Transporter Termination Notice.
In the event of an uncured Transporter Default or Shipper Default, then either Transporter or Shipper may thereafter terminate this ▇▇▇▇ by giving one hundred and twenty (120) days prior written notice of its intent to terminate to the defaulting or non-terminating Party; but if the default is cured within such notice period, then termination will not be effective.
In the event of a Shipper Default that is then continuing, the Carrier shall have the right to terminate this Agreement by giving thirty (30) days prior written notice of its intent to terminate to the Shipper; but if the Shipper Default is cured within such notice period, then termination will not be effective.
In the event of an uncured Transporter Default or Shipper Default, then either Transporter or Shipper may thereafter terminate this Transportation Service Agreement by giving one hundred and twenty (120) days prior written notice of its intent to terminate to the defaulting or non-terminating Party; but if the default is cured within such notice period, then termination will not be effective.

More Definitions of Shipper Default

Shipper Default has the meaning ascribed to it in Section 8.2 hereof. "Shipper's Nomination" has the meaning ascribed to it in the Tariff. "TAC Receipt Point" has the meaning ascribed to it in the Tariff.

Shipper Default the occurrence and continuation of (i) a breach or default by Shipper of any of its payment obligations under this Agreement or the Tariff, or (ii) a material breach or default by Shipper of any of its obligations under this Agreement or the Tariff, unless such breach or default, or material breach or default, as applicable, occurs as a result of a breach or default by Gatherer of its obligations under this Agreement or the Tariff.

Shipper Default has the meaning given to it in Section 12.2;

Shipper Default shall have the meaning given to such term in Section 8.1 of this Agreement.

Shipper Default has the meaning set forth in Section 6.1; “Tender” has the meaning set forth in the Rules and Regulations;

Shipper Default has the meaning given to it in Section 10.01 of this Agreement;

Shipper Default shall have the meaning given to such term in Section 19.1 of this Agreement. “Shipper Default Notice” shall have the meaning given to such term in Section 19.2 of this Agreement. “Shipper Indemnified Party” means Shipper and its Affiliates, and all of its and their respective equityholders, partners, members, directors, officers, managers, employees, agents and representatives. “Shipper’s Maximum Daily Quantity” or “MDQ” shall mean, with respect to any Contract Year, the volume of Crude Oil (expressed in BPD) set forth for such Contract Year in the table captioned “MDQ” in Exhibit B attached hereto, for which Shipper shall receive Priority Service as set forth in Section 6.2 hereof. With respect to any Contract Year beginning on or after the fourth (4th) anniversary of the Commencement Date, Gatherer shall have the option, by delivering written notice to Shipper on or before the date that is thirty (30) Days prior to the start of any such Contract Year, to reduce Shipper’s Maximum Daily Quantity for such Contract Year to an amount equal to the lesser of (x) the MDQ that was in effect at the end of the immediately preceding Contract Year or (y) 110% of the ADV of Shipper Crude Oil delivered or available for delivery hereunder by Shipper to Gatherer during the immediately preceding twelve (12)