Common use of Over Acceptance Clause in Contracts

Over Acceptance. If in respect of an hour and an Austrian VTP Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation an amount equal to: (a) the product of: (i) the amount; if positive, by which the Buy Price calculated for the hour exceeds the Contract Price; and (ii) the absolute value of the Default Quantity; plus (b) subject to § 8.4A(a), the Balancing Incentive Markup for the hour multiplied by the absolute value of the Default Quantity multiplied by 2.

Over Acceptance. If in respect of an hour and an Austrian VTP Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation an amount equal to: (a) the product of: (i) the amount; if positive, by which the Marginal Buy Price calculated for the hour Day exceeds the Contract Price; and (ii) the absolute value of the Default Quantity; plus (b) subject to § 8.4A(a)if applicable for the Day in which the hour falls, the Balancing Incentive Markup WDO Fee for the hour Day multiplied by the absolute value of the Default Quantity multiplied by 2Quantity.