Common use of Replacement of the Shippers Operator Clause in Contracts

Replacement of the Shippers Operator. If the Shippers Group wishes to replace the current Shippers Operator as operator of the Shippers Group, then the Shippers Group where practicable shall give INEOS not less than three (3) months’ prior written notice and the Shippers Operator shall then assign all of its rights and obligations hereunder (other than as a member of the Shippers Group) to its successor operator effective from the date of change of operatorship. The Shippers Group shall procure that such successor operator shall enter into direct covenants with INEOS to observe and perform the obligations on the part of the Shippers Operator contained herein.

Replacement of the Shippers Operator. ‌ If the Shippers Group wishes to replace the current Shippers Operator as operator of the Shippers Group, then the Shippers Group where practicable shall give INEOS not less than three (3) months’ prior written notice and the Shippers Operator shall then assign all of its rights and obligations hereunder (other than as a member of the Shippers Group) to its successor operator effective from the date of change of operatorship. The Shippers Group shall procure that such successor operator shall enter into direct covenants with INEOS to observe and perform the obligations on the part of the Shippers Operator contained herein.