Annual Contract Quantity Sample Clauses

The Annual Contract Quantity clause defines the specific amount of goods or services that a buyer is obligated to purchase, and a seller is required to supply, within a given contract year. Typically, this clause outlines the exact volume or range, sets timelines for delivery, and may address what happens if the actual quantity delivered or taken deviates from the agreed amount. Its core function is to provide certainty and predictability for both parties regarding supply and demand, thereby minimizing disputes and facilitating effective planning.
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Annual Contract Quantity. The Annual Contract Quantity as of the Effective Date equals to Year 1 ACQ, the Year 26 ACQ, and the Annual Contract Quantity during each Contract Year between the foregoing shall be determined pursuant to Section 3.
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Annual Contract Quantity. Except as performance may be expressly excused in accordance with this Agreement, in each Contract Year Seller shall sell and deliver, and Buyer shall purchase and lift, an aggregate quantity of Oil equal to seventy-five thousand (75,000) Barrels times the number of Days in such Contract Year, apportioned between Barrels of Oil of the Boscán type and the BCF-13 type as set forth in Exhibit 2 (the “Annual Contract Quantity”), subject to an annual tolerance of three hundred twenty-five thousand (325,000) Barrels for each such grade of Oil; provided that, with respect to the First Contract Year and the Final Contract Year, the annual tolerance shall not be prorated for such partial Year periods.
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Annual Contract Quantity. The term “
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Annual Contract Quantity. (a) The Annual Contract Quantity for each Contract Year shall (subject to variation in accordance with clauses 7.3 and 7.
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Annual Contract Quantity. Seller shall specify the final Annual Contract Quantity in the Facility Notice, but in no event shall (a) the final Annual Contract Quantity for the first Contract Year be more than five percent (5%) higher or lower than the Annual Contract Quantity for the first Contract Year set forth on Appendix C as of the Effective Date, nor (b) the final Annual Contract Quantity for any subsequent Contract Year have a degradation rate greater than four-tenths of one percent (0.4%) per Contract Year, regardless of whether the separately metered seventy (70) MW share of the Desert Harvest Project or the Maverick Project is the ongoing Facility.
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Annual Contract Quantity. (1) The Annual Contract Quantities under this Agreement are as follows: (2) By notice to Seller on or before any October 1 during the Term, Buyer may require an adjustment of not more than five percent (5%) to the Annual Contract Quantity for the then-succeeding Contract Year (each, a “Minor Adjustment Notice”). If Buyer provides such a Minor Adjustment Notice, then the applicable Annual Contract Quantity, and the related Average Daily Contract Quantity and Monthly Contract Quantities applicable to such Contract Year (each determined as set forth herein), shall be adjusted as described in the Minor Adjustment Notice. Buyer may not provide a Minor Adjustment Notice which reduces the Annual Contract Quantity for the purpose of buying the amount by which the Annual Contract Quantity was reduced from a third party. If Buyer later determines Buyer needs to purchase all or a portion of the volumes reduced by a Minor Adjustment Notice, Buyer shall provide Seller reasonable notice and the option to supply those volumes to Buyer pursuant to the terms of this Agreement. (3) By notice to Seller on or before any October 1 during the Term, Buyer may request adjustments in the Annual Contract Quantity in excess of five percent (5%) for the then-succeeding Contract Year (each, a “Major Adjustment Request”). Seller shall consider each Major Adjustment Request in good faith, and, if mutually agreed the Parties shall execute a document setting forth the revisions to the applicable Annual Contract Quantity, and the related Average Daily Contract Quantity and Monthly Contract Quantities (each determined as set forth herein). Buyer may not provide a Major Adjustment Request which reduces the Annual Contract Quantity for the purpose of buying the amount by which the Annual Contract Quantity was reduced from a third party. If Buyer later determines Buyer needs to purchase all or a portion of the volumes reduced by the agreement of the Parties after Buyer issues a Major Hilcorp Alaska, LLC, and Chugach Electric Association, Inc. Adjustment Request, Buyer shall provide Seller reasonable notice and the option to supply those volumes to Buyer pursuant to the terms of this Agreement.
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Annual Contract Quantity. 7.1.1 The annual contract quantity of LNG in respect of each full Contract Year shall be [***] MMBtu (the "ACQ"), which is equivalent to [***] tonnes per annum in accordance with the relevant heating value of the LNG. If a Contract Year contains less than three hundred and sixty-five (365) days, the ACQ shall be adjusted by the same proportion as the proportion to which the number of days in such Contract Year bears to the number of days in the corresponding calendar year. 7.1.2 [***] (A) [***] (B) [***] (C) [***] (D) [***] (E) [***] (F) [***] (G) [***] (H) Any Cargo Deliver or Pay Obligation or Cargo Take or Pay Obligation arising in respect of any quantities to be delivered to Buyer under Clause 7.1.2(D) shall be determined by reference to a blended Cargo Deliver or Pay Price or Cargo Take or Pay Price calculated by reference to the proportionate share of the Cargo to be priced at the Base Contract Price and the proportionate share of the Cargo to be priced at [***]. (I) The Buyer shall have the right to cause a Third Party auditor to verify any calculations of quantities of LNG or entitlements described in this Clause 7.1.2 in accordance with Clause 19.3.
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Annual Contract Quantity. (ii) MAXIMUM OUTPUT: __ _ kWhs [Seller] [Seller Address] [Seller Address] _____ , 20 Re: Installation Notice to Proceed Dear ____ _: This Installation Notice to Proceed is delivered to you pursuant to Section 4.2 of that certain Solar Power Purchase Agreement by and between COUNTY OF FAIRFAX, VIRGINIA (“ Purchaser”) and SIGORA SOLAR LLC (“Seller”), dated as of _ __, 20__ (the “Agreement”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Agreement. Purchaser hereby instructs Seller to commence installation of the System on , 20 . Pursuant to the Agreement: • The Commercial Operation Deadline is _ , 20__; • The date on which Purchaser and Seller expect the System to complete Final Completion (the “Expected Commercial Operation Date”) is __ _ __, 20__; and • The Installation Period shall begin on Commercial Operation Date. ____ __, 20__ and end on the Actual Sincerely, COUNTY OF FAIRFAX, VIRGINIA By: Name: Title: By: Name: _____ __ Title: _____ _ Contract Date: _ Seller: SIGORA SOLAR LLC This Final Completion Certificate is delivered to COUNTY OF FAIRFAX, VIRGINIA (“Purchaser”) pursuant to that certain Solar Power Purchase Agreement dated as of , 20__ (as amended, restated, supplemented or otherwise modified, the “ Agreement”), by and between Purchaser and SIGORA SOLAR LLC (“Seller”), dated as of _____ _ __, 20__ (the “Agreement”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Agreement. The undersigned, in his capacity as an officer of Seller, hereby certifies that each of the conditions to Final Completion of the above described System set forth in the definition of Final Completion, other than Purchaser’s acceptance and signing of this Certificate, has been satisfied. The dateof Final Completion is the day after the date on which the last of the conditions to Final Completion, other th an Purchaser’s acceptance and signing of this Certificate, was satisfied and is hereby certified by the undersigned, as of: _____ . The Actual Commercial Operation Date for purposes of the Agreement shall be: _____ _. By: Name: Title: Date: By: Name: Title: Date: INVOICE TO: [SELLER] [ ] [SELLER ADDRESS 1] COUNTY OF FAIRFAX, VIRGINIA [SELLER ADDRESS 2] OFFICE OF COUNTY ATTORNEY [BILLING PHONE #] ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Due Date: ___ , 20__ Total Amount Due: $__ Payments as of __ _: $ kWh Total Cost $____ kWh Commitment _____ kW Peak Supplied _____ SCH...
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Annual Contract Quantity. Seller shall specify the final Annual Contract Quantity in the Facility Notice, but in no event shall (a) the final Annual Contract Quantity for the first Contract Year be more than five percent (5%) higher or lower than...
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Related to Annual Contract Quantity

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • ANNUAL CONTRACT SALES REPORT Contractor shall provide to Enterprise Services a detailed annual Contract sales report. Such report shall include, at a minimum, the following: ▪ The Goods and/or Services sold (including, as applicable, item number or other identifier); ▪ Per unit quantities sold; ▪ Items and volumes purchased by Purchaser; ▪ Shipment/delivery locations by Purchaser; and ▪ Contract price. This report must be provided in an electronic format that can be read by Microsoft (MS) Excel. Such report is due within thirty (30) calendar days of the annual anniversary of the effective date of this Contract.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • Term Contract Quarterly Sales Reports The Contractor shall submit Quarterly Sales Reports in the manner and format required by the Department within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). The Quarterly Sales Report template can be found here: Quarterly Sales Report Format / Vendor Resources / State Purchasing / Business Operations / Florida Department of Management Services - DMS (▇▇▇▇▇▇▇▇▇.▇▇▇). Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded in two consecutive quarters, the Contractor may be placed on probationary status, or the Department may terminate the Term Contract. Failure to provide the Quarterly Sales Report, or other reports requested by the Department, will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Term Contract.