Common use of Annual Contracted Quantity Clause in Contracts

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.

Appears in 1 contract

Sources: Fuel Supply Agreement

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.

Appears in 1 contract

Sources: Fuel Supply Agreement