Common use of Communication Test Clause in Contracts

Communication Test. 3.1. Upon Conclusion of the Storage Service Agreement, however prior to the Commencement Day of the Storage Service Agreement at the latest, the Provider shall be entitled to conduct a Communication Test. By conducting this Communication Test, the Provider verifies whether its communication requirements have been fulfilled and whether the Customer is able to provide the Provider with information and notifications regarding the execution of the Storage Service Agreement and to receive such information and notifications from the Provider and process them accordingly. 3.2. The Provider shall be entitled to repeat the Communication Test at any time during the term of Storage Service Agreement in the event of any reasonable doubt about whether the Customer continues to be qualified to fulfill the requirements pursuant to Clause 3.1 hereof. 3.3. Should the Customer fail to pass the Communication Test pursuant to the provisions of Clauses 3.1 and 3.2 hereof, the Customer shall take immediate remedial action to fulfill the communication requirements without undue delay. Should the Customer still be unable to fulfill the communication requirements within ten (10) Working Days after failing to pass the Communication Test, the Provider shall be entitled to reset any Nomination submitted by the Customer until it has demonstrated compliance with the communication requirements. 3.4. Should the Customer even upon expiry of the period pursuant to the provisions of Clause 3.3 fail to fulfill the communication requirements, the Provider shall be entitled to terminate the Storage Service Agreement with immediate effect.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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