Loss of production value and use value Clause Samples

Loss of production value and use value. If any reason attributable to the contractor causes the project or single project to fail to pass the post-completion test and causes the whole project to lose production value or use value, the contract letting party shall be entitled to claim for failure of performance and deduct the performance bond that has been submitted.
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Loss of production value and use value. If the project and/or single project fail to pass the post-completion test due to the Contractor’s reason, resulting in that the entire project loses its production value or use value, the Employer shall have the right to claim for non-performance and deduct the performance bond submitted. However, the Employer shall not include any joint and several contract losses other than the contract in the claim for non-performance. Joint and several contract losses refer to losses on market sales contracts, expected market profits, interest on production working capital loans, losses on raw materials, auxiliary materials, electricity, water, fuel and other supply contracts signed other than the post-completion test and the commissioning assessment cycle, as well as losses on transportation contracts, unless otherwise provided for by applicable laws.
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Related to Loss of production value and use value

  • Net Tangible Assets Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) remaining after the closing of the Purchaser Share Redemption.

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • Contract Sales Price The total consideration provided for in the sales contract for the sale of a Property.

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • SALES PRICE A. Cash portion of Sales Price payable by Buyer at closing $ B. Sum of all financing described in the attached:  Third Party Financing Addendum,  Loan Assumption Addendum,  Seller Financing Addendum $ C. Sales Price (Sum of A and B) $