Insecure Party definition

Insecure Party has the meaning set forth in Section 10.2.
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Insecure Party has the meaning set forth in Section 9.E. of this Agreement.
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Insecure Party is defined in Section 8.04 of this Exhibit A.
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Examples of Insecure Party in a sentence

  • If bankruptcy proceedings are commenced with respect to the Defaulting Party, and if this Agreement has not otherwise terminated, then the Insecure Party may suspend all further performance of this Agreement until the Defaulting Party assumes or rejects this Agreement pursuant to Section 365 of the Bankruptcy Code or any similar or successor provision.

  • Any such suspension of further performance by the Insecure Party pending the Defaulting Party's assumption or rejection will not be a breach of this Agreement.

  • Any such suspension of further performance by the Insecure Party pending the Section A Defaulting Party’s assumption or rejection will not be a breach of this Agreement and will not affect the Insecure Party’s right to pursue or enforce any of its rights under this Agreement or otherwise.

  • If bankruptcy proceedings are commenced with respect to the Insolvent Party, then the Insecure Party may suspend all further performance of this Agreement until the Insolvent Party assumes or rejects this Agreement pursuant to section 365 of the Bankruptcy Code or any similar or successor provision.

  • Any such suspension of further performance by the Insecure Party pending the Insolvent Party's assumption or rejection will not be a breach of this Agreement and will not affect the Insecure Party's right to pursue or enforce any of its rights under this Agreement or otherwise 20 Third Party Rights.

  • Lessee agrees to indemnify, defend and save Lessor harmless from all expenses and other damages incurred by Lessor as a result of improper waste disposal by Lessee, which indemnification shall survive the expiration or earlier termination of this Lease.

  • If bankruptcy proceedings are commenced with respect to the Section A Defaulting Party and if this Agreement has not otherwise terminated, then to the extent permitted by the Bankruptcy Court, the Insecure Party may upon thirty (30) days’ prior written notice suspend all further performance of this Agreement until the Section A Defaulting Party assumes or rejects this Agreement pursuant to Section 365 of the Bankruptcy Code or any similar or successor provision.

  • If either party (the "Defaulting Party") fails to perform or observe any of its obligations hereunder, and such failure continues for a period of 30 business days after written notice to the other party (except in any circumstance where a cure is impossible in which case there shall be no cure period), then the other party (the "Insecure Party") may immediately terminate this Agreement.

  • Such letter of credit may be drawn upon by the Insecure Party if the Defaulting Party does not fulfill its obligations under this Agreement in a timely manner.

  • Any such suspension of further performance by the Insecure Party pending the Section A Defaulting Party's assumption or rejection will not be a breach of this Agreement and will not affect the Insecure Party's right to pursue or enforce any of its rights under this Agreement or otherwise.


More Definitions of Insecure Party

Insecure Party has the meaning set forth in Section 10.6 of the General Terms and Conditions. “Inert Constituents” means non-hydrocarbon constituents contained in Gas, including carbon dioxide, oxygen, nitrogen, hydrogen sulfide, water vapor, ozone, nitrous oxide, and mercury. “Law” shall mean any and all constitutional provisions, rules, codes, regulations, statutes, ordinances, enactments, judicial and administrative orders, decrees, standards, decisions and rulings that are adopted, enacted, promulgated or issued by any federal, state, municipal, parish or tribal governmental authority, including the common law. “Leases” means any lease, mineral interest, working interest, net profit interest, royalty or overriding royalty, fee right, mineral servitude, license, concession or other right covering Gas and related hydrocarbons or an undivided interest therein or portion thereof within the Dedication Area, along with rights to drill for, produce and dispose of Gas and liquid hydrocarbons or other substances, in and under the lands covered thereby. “Level One Service” has the meaning set forth in Section 2.1(b) of the General Terms and Conditions. “Level Two Service” has the meaning set forth in Section 2.1(b) of the General Terms and Conditions. “Losses” means any actual losses, costs, expenses, liabilities, damages, demands, suits, sanctions, causes of action, claims, judgments, liens, fines or penalties, including court costs and reasonable attorneys’ fees. “Low Pressure Gathering Fee” has the meaning set forth in Section 3.1(a) of the Agreement. “Low Pressure Receipt Point” means those Receipt Point(s) delivering into the high pressure portion of the SCM GGP System, where SCM is providing compression services. 4
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Insecure Party shall have the meaning given to such term in Section 19.6 of this Agreement. “Interests” shall mean any right, title, or interest in lands, ▇▇▇▇▇, or leases with the right to produce oil and/or gas therefrom whether arising from fee ownership, working interest ownership, mineral ownership, leasehold ownership, or arising from any pooling, unitization or communitization of any of the foregoing rights. “LACT” shall mean a lease automatic custody transfer unit whereby custody of Shipper Crude Oil will transfer from one Party to the other Party or its designee, as applicable, that is installed and operated in accordance with the latest revision of API Manual of Petroleum Measurement Standards, Chapter 6.1. “Losses” shall mean any actual loss, cost, expense, liability, damage, demand, suit, sanction, claim, judgment, lien, fine or penalty, including attorneys’ fees, asserted by a third party not Affiliated with the Party incurring such, and which are incurred by the applicable indemnified Persons on account of injuries (including death) to any person or damage to or destruction of any property, sustained or alleged to have been sustained in connection with or arising out of the matters for which the indemnifying party has indemnified the applicable indemnified Persons. “Maximum Daily Quantity” shall mean the maximum volume of Crude Oil (expressed in BPD) a Priority Shipper, including Shipper, is allowed to deliver to the Gathering System pursuant to such Priority Shipper’s COGA. 5
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Related to Insecure Party

  • complaining Party means any Party that requests the establishment of an arbitration panel under Article 3.5 (Initiation of the Arbitration Procedure);

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Aggrieved party means a party entitled to pursue a remedy.

  • Opposing Party means the third party that owes Borrower the Miscellaneous Proceeds or the party against whom ▇▇▇▇▇▇▇▇ has a right of action in regard to the Miscellaneous Proceeds.

  • Party means either the System Agency or Contractor, individually.