Common use of Cancellation or Reduction of Services Clause in Contracts

Cancellation or Reduction of Services. GP may terminate or reduce the level of any of the Operational Services on 30 days’ prior written notice to the Operators. In the event GP terminates the Operational Services, GP shall pay the Operators for the last month (or portion thereof) in which it received services plus any other amounts outstanding to the Operators.

Appears in 4 contracts

Samples: Services and Secondment Agreement, Services and Secondment Agreement, Services and Secondment Agreement (Valero Energy Partners Lp)

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Cancellation or Reduction of Services. GP may terminate or reduce the level of any of the Operational Services on 30 days’ prior written notice to the Operators. In the event GP reduces the level of any Operational Services covered by a Flat Fee, the affected Operator and GP shall agree in good faith an appropriate reduction in the Flat Fee. In the event GP terminates the Operational Services, GP shall pay the Operators for the last month (or portion thereof) in which it received services plus any other amounts outstanding to the Operators.

Appears in 1 contract

Samples: Services and Secondment Agreement (Valero Energy Partners Lp)

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