Examples of Potential Shipper in a sentence
In no event, however, will such continued Service be provided at a rate lower than the highest bid by a qualified Potential Shipper during the bid solicitation.
A Potential Shipper is “qualified,” within the meaning of this section, if that Shipper meets the creditworthiness criteria set forth in Section 2.4 of the General Terms and Conditions.
Potential Shipper or Shipper will be deemed creditworthy if its unenhanced long-term senior unsecured debt is rated, or if its issuer credit rating is, at least “BBB-” by Standard & Poor’s (“S&P”) or “Baa3” by Moody’s Investor Services Inc.
Worsham-Steed may enter into a new FSS Agreement with the qualified Potential Shipper who submitted the best bid.
Upon receipt of all bids by Potential Shippers, Worsham-Steed will select the best bid received from a qualified Potential Shipper and communicate the terms of that bid to Shipper, who may elect, within ten (10) Days, or such greater time as Worsham-Steed may specify, to execute a renewed FSS Agreement upon the same terms.
Upon receipt of all bids by Potential Shippers, Worsham-Steed will select the best bid received from a qualified Potential Shipper and communicate the terms of that bid to Shipper, who may elect, within ten (10) Days, or such greater time as Worsham-Steed may specify, to execute a renewed FTS Agreement upon the same terms.
RIGHT OF FIRST REFUSAL 8.1 Worsham-Steed may discontinue Service to Shipper at the end of any FSS Agreement’s primary term, or any roll-over of Shipper’s FSS Agreement, unless Worsham-Steed and Shipper mutually agree to include a right of first refusal (“ROFR”) in the FSS Agreement and Shipper exercises its ROFR for the storage capacity covered by that Service Agreement by matching the best bid with the same provisions of FSS offered to Worsham- Steed by any Potential Shipper.
Worsham-Steed may enter into a new FTS Agreement with the qualified Potential Shipper who submitted the best bid.
Upon receipt of all bids by Potential Shippers, Hill-Lake will select the best bid received from a qualified Potential Shipper and communicate the terms of that bid to Shipper, who may elect, within ten (10) Days, or such greater time as Hill-Lake may specify, to execute a renewed FSS Service Agreement upon the same terms.
Hill-Lake may enter into a new FSS Service Agreement with the qualified Potential Shipper who submitted the best bid.