Common use of Movement of Loaded Containers Clause in Contracts

Movement of Loaded Containers. During the term hereof, no less than 90% of Carrier’s loaded containers in ocean transportation in the foreign commerce of the United States and Carrier’s loaded containers transshipped at United States ports, that are to be delivered to or loaded at the Terminal Region, shall be moved by Carrier exclusively through the Terminals (the “Cargo Commitment”). The Cargo Commitment shall include without limitation Carrier’s loaded containers in ocean transportation in the foreign commerce of the United States and Carrier’s loaded containers transshipped at United States ports that are moved through any Future PHA-Third Party Leased Facility. Carrier shall submit to PHA by the tenth calendar day of each month during the Term, manifests showing any and all cargo carried in loaded containers to or from the Terminal Region that was not loaded or discharged at the Terminals during the immediately preceding month. Except as provided in Section 5(b) below, Carrier’s failure to meet the Cargo Commitment shall be an Event of Default.

Movement of Loaded Containers. During the term hereof, no less than 90% of Carrier’s loaded containers in ocean transportation in the foreign commerce of the United States and Carrier’s loaded containers transshipped at United States ports, that are to be delivered to or loaded at the Terminal Region, shall be moved by Carrier exclusively through the Terminals (the “Cargo Commitment”). The Cargo Commitment shall include without limitation Carrier’s loaded containers in ocean transportation in the foreign commerce of the United States and Carrier’s loaded containers transshipped at United States ports that are moved through any Future PHA-Third Party Leased Facility. Carrier shall submit to PHA by the tenth calendar day of each month during the Term, manifests showing any and all cargo carried in loaded containers to or from the Terminal Region that was not loaded or discharged at the Terminals during the immediately preceding month. Except as provided in Section 5(b6(b) below, Carrier’s failure to meet the Cargo Commitment shall be an Event of Default.