Annual Contracted Quantity Sample Clauses

The Annual Contracted Quantity clause defines the specific amount of goods or services that a buyer is obligated to purchase from a seller within a one-year period. This clause typically outlines the minimum and/or maximum quantities, and may include provisions for adjustments based on market conditions or operational needs. By clearly establishing the expected volume for the contract year, it helps both parties plan production, manage inventory, and forecast revenue, thereby reducing uncertainty and ensuring mutual commitment.
Annual Contracted Quantity. 5.1.1 The quantity of the Contracted Grade of Coal agreed to be supplied at the Delivery Point by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point per Year shall be as provided in Annexure III (“Annual Contracted Quantity”). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied as per the provisions of this Clause 5 and Clause 8.
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Annual Contracted Quantity. 4.1.1 The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser shall be [insert number] tonnes per Year as set out in Schedule I, subject to Clause 4.1.2 (“ACQ”). For part of Year, the ACQ shall be pro-rated accordingly. 4.1.2 The ACQ shall be proportionately adjusted upon the occurrence of any scenario set out in the first proviso to Clause 2.2.
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Annual Contracted Quantity. 5.1.1 The quantity of the Contracted Grade of Coal agreed to be supplied at the Delivery Point by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point per Year shall be as provided in Annexure III (“Annual Contracted Quantity”). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied from the Effective Date for Supply as per the provisions of this Clause 5 and Clause 8. 5.1.2 Verification of Coal Requirement: [Delete is not applicable] 5.1.2.1. The Seller / CIL (acting on behalf of the Seller as its duly authorized representative) reserves the right to get the Coal Requirement of the Purchaser verified by the Central Institute of Mining & Fuel Research or any other agency that may be nominated by CIL (“Final Verification Agency”), within 180 (one hundred eighty) days of execution of the Agreement. In case the Purchaser, along with this Agreement, has also entered into other fuel supply agreement(s) with other subsidiary(ies) of CIL (apart from the Seller) for the supply of Coal pursuant to the Scheme Document, then the period of 180 (one hundred eighty) days mentioned above shall commence from the date of execution of this Agreement or such other fuel supply agreement(s), whichever is earlier. 5.1.2.2. In case the Coal Requirement verified by the Final Verification Agency in terms of Clause 5 above is less than the Coal Requirement based on which the Purchaser has been allotted the Annual Contracted Quantity in terms of the Scheme Document, then the Annual Contracted Quantity shall be revised / adjusted in accordance with clause 3.5.2(k) of the Scheme Document, as applicable. 5.1.2.3. The aforesaid revision / adjustment in the Annual Contracted Quantity shall be given effect to during the residual period of the initial 2 (two) years from the date of execution of the Agreement, in accordance with the following illustration and the revised Annual Contracted Quantity will be supplied during the balance term of the Agreement.
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Annual Contracted Quantity. The aggregate quantity of the Contracted Grade(s) of Coal agreed to be supplied at the Delivery Point(s)by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point(s)shall be: (In tonnes) MINE/CHP GRADE QUANTITY/YR
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Annual Contracted Quantity. 4.1.1 The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser shall be [insert number] tonnes per Year as set out in SCHEDULE I, (“ACQ”). For part of the Year, the ACQ shall be pro-rated accordingly. 4.1.2 In the event the Power Station is implemented in phases, in accordance with Clause 2.6, the ACQ shall be proportionate to the Contracted Capacity of the phase that has been commissioned. 4.1.3 The Purchaser shall surrender the quantity corresponding to the ACQ under this Agreement of any existing letter of assurance /fuel supply agreement for the corresponding tenure.
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Annual Contracted Quantity. The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser shall be [insert number] tonnes per Year as set out in SCHEDULE I A CQ³´ )RtUhe YeSarD, ▇▇▇e WAC QRshIall be pro-rated accordingly. In the event the Power Station is implemented in phases, in accordance with Clause 2.6, the ACQ shall be proportionate to the Contracted Capacity of the phase that has been commissioned. The Purchaser shall surrender the quantity corresponding to the ACQ under this Agreement of any existing letter of assurance /fuel supply agreement for the corresponding tenure
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Annual Contracted Quantity. The aggregate quantity of the Contracted Grade(s) of Coal agreed to be supplied at the Delivery Point(s) by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point(s) shall be [insert figures] ([insert in words]) tonnes per Year (“Annual Contracted Quantity”). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied as per the provisions of this Clause 5 and Clause 8.
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Related to Annual Contracted 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.

  • ESTIMATED QUANTITIES 1.1 The quantities set forth in the line items and specification document are approximate and represent the estimated requirements for the contract period. 1.2 Items listed may or may not be an inclusive requirements for this category. 1.3 Category items not listed, but distributed by bidder are to be referred to as kindred items. Kindred items shall receive the same percentage of discount or pricing structure as items listed in the specification document. 1.4 The unit prices and the extended total prices shall be used as a basis for the evaluation of bids. The actual quantity of materials necessary may be more or less than the estimates listed in the specification document, but the City/County shall be neither obligated nor limited to any specified amount. If possible, the Owners will restrict increases/decreases to 20% of the estimated quantities listed in the specification document.

  • 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).