Examples of Firm Service in a sentence
The Parties will use good faith efforts to negotiate an extension of Shipper’s Service Agreement with the requested changes to the Firm Service for such extension.
If the Parties agree to extend the Primary Term and modify any other terms of the Firm Service under this Service Agreement, then the Parties will execute a replacement Service Agreement (including both the Service Agreement and Negotiated Rate Agreement, as necessary) reflecting the modified terms thereto (“Negotiated Service Agreement”), and the prior Service Agreement shall, upon execution of the Negotiated Service Agreement, be of no further force or effect.
If Shipper has agreed to a Negotiated Service Agreement, and Shipper desires to negotiate an extension of the Firm Service under the same, including a change to all or a portion of the terms of such Firm Service (e.g., rates, Term, MDTQ, receipt and delivery points), then at least nine (9) months prior to the expiration of the Negotiated Service Agreement, Shipper shall notify Transporter in writing of its intent to renegotiate the said agreement.
The Parties will use good faith efforts to negotiate an extension of the Negotiated Service Agreement with the requested changes to the Firm Service for such extension.
If the Parties have executed either (i) a Service Agreement for the First Renewal Term or (ii) a Negotiated Service Agreement pursuant to the foregoing terms, then Shipper has the right to negotiate an extension of Shipper’s Firm Service during the last year of the First Renewal Term or the last year of the Negotiated Service Agreement, as applicable, in accordance with the following terms.