Transporter Event of Default definition

Transporter Event of Default shall have the meaning assigned to the term in Clause 13.1(b).
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Examples of Transporter Event of Default in a sentence

  • Such notice shall specify in reasonable detail the Transporter Event of Default to which such notice relates.

  • Following the receipt of any Transporter Default Notice, the Transporter shall (i) promptly notify the Shipper of the measures it has taken or intends to take to remedy the Transporter Event of Default which is the subject of such notice, and (ii) within a period of 30 (thirty) Days from the date of such receipt (or such longer period as the Shipper may specify in such notice) (the “Transporter Cure Period”) to remedy the breach or default; and, shall act as a Reasonable and Prudent Operator in doing so.

  • Upon the occurrence and continuation of any Transporter Event of Default, the Shipper may deliver a notice (the “Transporter Default Notice”) to the Transporter.

  • Following a Shipper Event of Default, the Transporter shall have the right to suspend the performance of its obligations under this Agreement until such default has been cured in accordance with the provisions of this Clause 13.2. Any non-performance by the Transporter of its obligations under this Agreement, during such period of suspension shall not amount to a Transporter Event of Default.

  • Any non-performance by Transporter pursuant to this Clause 13.2(a)(ii) shall not constitute a Transporter Event of Default and any quantities not delivered as a result thereof shall not constitute a Shortfall Quantity.

  • If a Transporter Event of Default under Clause 13.1(b)(i) is deemed remedied pursuant to this Clause 13.2(b)(iv), the Shortfall Quantity giving rise to such Transporter Event of Default shall also be deemed extinguished for the future purposes of Clause 13.1(b)(i).

  • Any non-performance by the Transporter of its obligations under GTA, during such period of suspension shall not amount to a Transporter Event of Default.

  • Following a Shipper Event of Default, the Transporter shall have the right to suspend the performance of its obligations under this Agreement until such default has been cured in accordance with the provisions of this Clause 13.2. Any non- performance by the Transporter of its obligations under this Agreement, during such period of suspension shall not amount to a Transporter Event of Default.

Related to Transporter Event of Default

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

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

  • Issuer Event of Default means the occurrence of any of the following events:

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • 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).

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

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • 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:

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • 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.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

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

  • 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.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

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

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).