Shipper Default definition

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

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

• 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.

• 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.

• Upon the occurrence and continuation of a Shipper Default under Section 7.1, the Carrier shall, at its option, have the right to (i) receive damages as would be available under law by giving notice to the Shipper; and/or (ii) terminate this Agreement in accordance with Section 7.3.

• Provided a Shipper Default shall not have occurred and be continuing, to the extent permitted by Applicable Law, during the Initial Term, the Carrier shall not offer transportation service on the Pipeline on either a committed or uncommitted basis for an aggregate toll from an Origination Point to the Delivery Point that is less than the then applicable Committed Toll.

• For greater clarity, Shipper may transfer Shipper’s rights and obligations with respect to all or any portion of the Committed Volume to an Affiliate of the Shipper, if the Affiliate satisfies the provisions of Article 14, except that if a Shipper Default has occurred and is continuing, the prior written consent of Carrier shall be required, which consent shall not be unreasonably withheld.

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 shall have the meaning given to such term in Section 6.1 of this Agreement.

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. 19.2

Shipper Default means (a) the failure by Shipper to pay an amount due under this Agreement, which failure continues for a period of ten Business Days after the receipt of notice thereof from Gatherer, (b) Shipper’s failure to comply with any material terms of this Agreement, or (c) Shipper dissolves or becomes insolvent or files a petition or otherwise commences, authorizes or acquiesces in the commencement of a proceeding or cause of action under any bankruptcy or similar law for the protection of creditors, or has such petition filed against it and such petition is not withdrawn or dismissed for 30 Days after such filing, makes an assignment for the benefit of creditors, suspends the transaction of its usual business or consents to the appointment of a trustee or receiver, or a trustee or a receiver is appointed therefor or for a substantial part of its property, or reorganization, insolvency, or similar proceedings shall be instituted by or against Shipper.

Shipper Default is defined in Section 14(a).

Shipper Default has the meaning given to it in Section 9.01;

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