Minimum consumption Clause Samples
A Minimum Consumption clause sets a required baseline amount of goods or services that a buyer must purchase from a seller within a specified period. In practice, this means the buyer is obligated to order at least a certain quantity or value, regardless of actual usage or demand; for example, a venue rental agreement may require a client to spend a minimum amount on food and beverages. The core function of this clause is to guarantee the seller a minimum level of revenue or business, thereby reducing the risk of underutilization or financial shortfall.
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Minimum consumption. (a) If the Customer's aggregate electricity consumption at the Connection Points in a Jurisdiction in any Contract Year is less than the relevant Minimum Load, then in addition to paying the Charges for that electricity consumption, the Customer must also pay EnergyAustralia any Shortfall Charges EnergyAustralia may impose.
(b) EnergyAustralia will use reasonable endeavours to reduce any relevant Minimum Load to accommodate a reduction in the Customer's electricity consumption caused by a Force Majeure Event.
(c) If the Shortfall Charges are a negative amount, the Shortfall Charges will be deemed to be zero.
Minimum consumption. You shall take not less than the minimum consumption for each site(s) for each annual period. In the event your metered consumption is less than the minimum consumption we are entitled to apply the price to the difference between your metered consumption and the minimum consumption and invoice you accordingly. We will be entitled to charge you for any such supply as follows: • at the tariff rate applicable from time to time, together with any additional costs that we incur in purchasing excess gas where actual consumption is less than the monthly minimum consumption; and • at the tariff rate applicable from time to time, together with any additional costs that we incur in purchasing excess gas where actual consumption is less than the annual minimum consumption The minimum consumption for any period is 70% of the contracted AQ. The monthly volume will be calculated using the industry end user category profiles. All sites will be considered individually, unless specifically agreed in writing by an authorised business representative. Your consumption variances will be assessed annually, and at the end of any contract period. You must pay this amount within fourteen (14) calendar days.
Minimum consumption. You shall take not less than the minimum consumption for each site(s) for each annual period. In the event your metered consumption is less than the minimum consumption we shall apply the price to the difference between your metered consumption and the minimum consumption and invoice you accordingly. You must pay this amount within fourteen (14) days.
Minimum consumption. The minimum consumption includes all drinks and food. If the minimum consumption is not reached, the difference will be booked as room rent.
Minimum consumption. You shall take not less than the minimum consumption for each site(s) for each annual period without our prior written permission. In the event your metered or billed consumption is less than the minimum consumption; we are entitled to apply charges equal to losses we calculate, acting reasonably, to balance the difference between your metered consumption and the minimum consumption. This will be multiplied by the difference between the gas price we purchased in advance to fulfil your contract and the prevailing average spot prices for gas during the period; referred to as “balancing costs”. We will then invoice you accordingly. We will be entitled to charge you for any such supply as follows: • at the balancing costs applicable from time to time, together with any additional costs that we incur through trading excess gas where actual consumption is less than the daily minimum consumption; and • at the balancing costs applicable from time to time, together with any additional costs that we incur through trading excess gas where actual consumption is less than the monthly minimum consumption; and • at the balancing costs applicable from time to time, together with any additional costs that we incur through trading excess gas where actual consumption is less than the annual minimum consumption The minimum consumption for any period is 80% of the contracted AQ. The expected consumption profile will be calculated using the specific industry end user category profiles for your site(s). All sites will be considered individually, unless specifically agreed in writing by an authorised business representative. Your consumption variances will typically be assessed annually, and after the end of any contract period. However, we do reserve the right to review and apply consumption variance at any point in time. You must pay this amount within fourteen (14) calendar days.