Carrier Default definition

Carrier Default the occurrence and continuation of a material breach or default by Carrier of any of its obligations under this Agreement or the Tariff, unless such material breach or default occurs as a result of a breach or default by Shipper of its obligations under this Agreement or the Tariff.
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Carrier Default means the occurrence of any default or other event that entitles the Shipper to terminate, whether at common law, in equity or otherwise, the Assigned Agreements, if any, and which has not been cured or waived.
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Carrier Default shall have the meaning given to such term in Section 8.3 of this Agreement.
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Examples of Carrier Default in a sentence

  • There are no known large developments, including other solar facilities, proposed in the surrounding area.

  • No curing or mitigation or attempt to cure or mitigate any Carrier Default or exercise of any rights or remedies by the Collateral Agent or its nominee shall be construed as (i) an assumption by the Collateral Agent or its nominee of any covenants, agreements or obligations of the Carrier under or in respect of the Assigned Agreements, or (ii) constituting the Collateral Agent or its nominee as a mortgagee in possession.

  • From and after the occurrence of any Carrier Default under an Assigned Agreement and until the end of the Collateral Agent’s Cure Period for such Carrier Default, each Assigned Agreement shall remain in full force and effect and the Shipper shall not and shall not exercise any remedies under or terminate the Assigned Agreements whether pursuant to any theory of fundamental breach or for total failure of consideration or at common law, in equity or otherwise.

  • During such thirty (30) day cure period or at any time while a default is continuing, Contractor shall not be required to provide further services at any Location unless Carrier pays in advance to with Contractor an amount satisfactory to Contractor necessary to pay for the charges for such services, which payment may be applied by Contractor in its sole discretion to reduce outstanding indebtedness which is to be incurred under this Agreement or otherwise cure such Carrier Default.

  • After receipt of a Default Notice, the Collateral Agent or its nominee shall have the right, but not the obligation, to cure or mitigate or cause to be cured or mitigated the Carrier Default listed in such Default Notice.

  • After a Carrier Default has been cured in all material respects by the Carrier, the Collateral Agent, the Collateral Agent’s nominee or otherwise, there shall no longer be deemed to be any default under the Assigned Agreements or event giving rise to such Carrier Default.

  • Upon the occurrence of a Carrier Default, Shipper may provide written notice to Carrier, describing the Carrier Default in reasonable detail and requiring Carrier to remedy the Shipper Default (the “Carrier Default Notice”).

  • Upon becoming aware of the occurrence of a Carrier Default, Shipper may provide written notice to Carrier, describing the Carrier Default in reasonable detail and requiring Carrier to cure the Carrier Default (the “Carrier Default Notice”).

  • NOTE / New:E procurement portal for E tendering is: E portal website - https://eprocurebhel.co.in All relevant clauses shall be read accordingly.2366 TECHNICAL CONDITIONS OF CONTRACT (TCC) BHARAT HEAVY ELECTRICALS LIMITED BHEL-PSWR (VOL-I-A- TECHNICAL BID SPECIFICATION)E-Tender Specification No: BHE/PW/PUR/KKRN-CNI U#4/2366 Page 45 of 114 S.

  • We urge you to check your Domestic Mail Manual for current/valid presort levels.UPCRDEDT 14 Subclass (Presort Type)Define the subclass:UPCRDEDTA U N EblankAutomated MachinableNon-Automated (manual) Enhanced Carrier Default - all subclasses PositionField NameDescriptionIBM iScreen16-20Number of Pieces to Force a ContainerSpecify the number of pieces to force a container.


More Definitions of Carrier Default

Carrier Default has the meaning given to it in Section 9.03;
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Carrier Default has the meaning given to it in Section 10.04 of this Agreement;
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Related to Carrier Default

  • Customer Default has the meaning set out in clause 8.3.

  • Minor Default means any Event of Default that is not a Major Default.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Seller Default has the meaning set forth in Section 12.1.

  • Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Event of Default has the meaning specified in Section 8.01.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Purchaser Default has the meaning set forth in Section 11.2(a).

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Servicer Default means an event specified in Section 8.01.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • Potential Default means the occurrence of any event or condition which, with the giving of notice, the passage of time, or both, would constitute an Event of Default.

  • Landlord Default shall have the meaning given such term in Article 14.