LNG Production Rate MAC Sample Clauses

The LNG Production Rate MAC (Material Adverse Change) clause defines the conditions under which a significant negative change in the production rate of liquefied natural gas (LNG) is considered material for the purposes of the contract. Typically, this clause sets specific thresholds or criteria—such as a percentage drop in output over a defined period—that, if met, trigger certain rights or remedies for the affected party. For example, if the LNG facility's production falls below a stipulated level due to unforeseen events, this clause may allow the buyer or seller to renegotiate terms or even terminate the agreement. Its core function is to allocate risk and provide a clear mechanism for addressing substantial disruptions in LNG supply, thereby protecting both parties from unexpected operational setbacks.
LNG Production Rate MAC. Each LNG Train shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate MAC”), over a 72 hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met.
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LNG Production Rate MAC. Each LNG Train shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate MAC”), over a 72 hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met. Revisions to this Section 3, subsection A, if required as a result of inclusion of HRU Work scope, will be agreed to by Owner and Contractor, both acting reasonably and in good faith, prior to or at the time the final test procedures for the conduct of the Performance Tests are established in accordance with Section 11.2 of the Agreement.
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LNG Production Rate MAC. LNG Train 3 shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate MAC”), over a 72-hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met. The LNG Production Rate Performance Guarantee specified in Section 2A above and the LNG Production Rate MAC specified in this Section 3A are based on Case CC1 – High Aromatics, Average Ambient Temperature with the Heavies Removal Column in operation. Owner and Contractor agree that the LNG Production Rate Performance Guarantee, the LNG Production Rate MAC and associated documents (including the Basis of Design and Process Design Basis) will be revised to reflect a new case (the “Lean Gas Case”) with the Heavies Removal Column operated cold with no reflux. If necessary as a result of the Lean Gas Case, the Parties shall, both acting reasonably and in good faith, revise the LNG Production Rate Performance Guarantee, the LNG Production Rate MAC and associated documents (including the Basis of Design (Document no. 25744-200-M4-DK-00101 rev. 04) and Process Design Basis (Document no. 25744-200-3DR-V04F-00001 rev. 000)) with such changes implemented through a Change Order in accordance with the Agreement no later than the NTP.
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LNG Production Rate MAC. The LNG Plant shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate MAC”), being *** (***%) of the LNG Production Rate specified for stream 2403 for one LNG Plant (where one plant rate is one fifth, 1/5, of the presented value) for the Guarantee Case heat and material balance 26089-200-M4-1PDK-00012 rev A, over a 72-hour continuous period using the Measurement and Calculation Methods specified in Attachment 19; provided the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment 19 are met.
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