Examples of Delivery Default in a sentence

The waiver by a Party of a breach of or Delivery Default under any provision of these Contract Terms shall not be effective unless in writing and shall not be construed as a waiver of any subsequent breach of or Delivery Default under the same or any other provision of these Contract Terms.
Such compensation of Delivery Default shall be assessed by the Clearing House.
All obligations that have accrued prior to occurrence of the Delivery Default shall survive such release from further obligations.
No Party shall be regarded as having committed a Delivery Default if the action or the performance of its obligations was contingent upon the opposite Party’s performance, which was not performed or not performed in the manner as stipulated in the Rules.
Any act or omission by a Party or any applicable intermediary with respect to delivery, payment or other obligations provided in the Rules and these Contract Terms which has in the opinion of the Clearing House a material adverse effect on the Contract or orderly delivery thereunder shall constitute a "Delivery Default" under the Rules and these Contract Terms.

More Definitions of Delivery Default

Delivery Default means a Party’s unexcused failure during any Gas Day or Month of the Transaction Period to discharge its obligations, as specified in a Confirmation, to Deliver Gas to the other Party at the Receipt Point or the Delivery Point, as applicable.

Delivery Default means the failure by Operator not otherwise permitted or excused pursuant to the provisions of this Agreement, to discharge its obligations to deliver Gas to Customer at the applicable Delivery Point(s) from Customer’s Gas Storage Inventory Account, following Customer’s proper nomination for such delivery pursuant to the provisions of this Agreement.

Delivery Default. - means a Clearing Participant failing to deliver or transfer to the Corporation in full any Deliverable required to be delivered or transferred by that Clearing Participant under or in connection with any Contract, including a failure to deliver or transfer a Deliverable in accordance with the Rules of the Exchange, unless such failure constitutes a Force Majeure Event affecting the relevant Clearing Participant.

Delivery Default means the failure, for any reason whatsoever, of the Contractor to Deliver :-

Delivery Default means a party's failure during any Day or Month of the Transaction Period to discharge its obligations to deliver Gas to the other party at the Storage Point of Delivery, as required under the terms of a Transaction;

Delivery Default has the meaning ascribed thereto in Clause 13.1.

Delivery Default has the meaning ascribed to such term in Section ---------------- 2.10.