Common use of Shipper’s Obligations Clause in Contracts

Shipper’s Obligations. a. Shipper shall execute, within thirty (30) days of tender by Transporter, a TA for each of the New Services selected by Shipper in Appendix A to this Precedent Agreement. The terms of each such TA will reflect Shipper’s New Services terms specified in this Precedent Agreement including Appendix A hereto, and such other terms and conditions as are codified in Transporter’s transportation tariff approved by the NEB for the New Services. (i) Shipper or its Guarantor shall possess and maintain such credit as is required by Transporter to satisfy Shipper's financial and contractual obligations under this Precedent Agreement and under every TA executed pursuant to this Precedent Agreement. Transporter shall determine, using financial data supplied by Shipper, whether Shipper or its Guarantor possesses sufficient credit. If Shipper or its Guarantor has a long-term, senior unsecured, non-credit enhanced and non-implied debt rating assigned by any one of the following applicable credit rating agencies: (a) DBRS rating of at least BBB; (b) Xxxxx’x rating of at least Baa3; or (c) S&P rating of at least BBB-, Shipper will be considered as possessing the required credit.

Shipper’s Obligations. a. Shipper shall execute, within thirty (30) days of tender by Transporter, a TA for each of the New Services selected by Shipper in Appendix A to this Precedent Agreement. The terms of each such TA will reflect Shipper’s New Services terms specified in this Precedent Agreement including Appendix A hereto, and such other terms and conditions as are codified in Transporter’s transportation tariff approved by the NEB for the New Services. (i) Shipper or its Guarantor shall possess and maintain such credit as is required by Transporter to satisfy Shipper's financial and contractual obligations under this Precedent Agreement and under every TA executed pursuant to this Precedent Agreement. Transporter shall determine, using financial data supplied by Shipper, whether Shipper or its Guarantor possesses sufficient credit. If Shipper or its Guarantor has a long-term, senior unsecured, non-credit enhanced and non-implied debt rating assigned by any one of the following applicable credit rating agencies: (a) DBRS rating of at least BBB; (b) Xxxxx’x rating of at least Baa3; or (c) S&P rating of at least BBB-, Shipper will be considered as possessing the required credit.

Shipper’s Obligations. a. Shipper shall execute, within thirty (30) days of tender by Transporter, a TA for each of the New Services selected by Shipper in Appendix A to this Precedent Agreement. The terms of each such TA will reflect ShipperXxxxxxx’s New Services terms specified in this Precedent Agreement including Appendix A hereto, and such other terms and conditions as are codified in Transporter’s transportation tariff approved by the NEB for the New Services. (i) Shipper or its Guarantor shall possess and maintain such credit as is required by Transporter to satisfy Shipper's financial and contractual obligations under this Precedent Agreement and under every TA executed pursuant to this Precedent Agreement. Transporter shall determine, using financial data supplied by Shipper, whether Shipper or its Guarantor possesses sufficient credit. If Shipper or its Guarantor has a long-term, senior unsecured, non-credit enhanced and non-implied debt rating assigned by any one of the following applicable credit rating agencies: (a) DBRS rating of at least BBB; (b) Xxxxx’x rating of at least Baa3; or (c) S&P rating of at least BBB-, Shipper will be considered as possessing the required credit.