Phase-out of Contract Quantity Sample Clauses

Phase-out of Contract Quantity. Each party shall have the option, exercisable upon not less than three Months' prior notice to the other party, to reduce permanently the Contract Quantity subsequent to the end of the Guarantee Period; provided, however, that (a) the Contract Quantity shall not be so reduced in any three-Month period subsequent to the end of the Guarantee Period by more than twenty-five percent (25%) of the Contract Quantity determined in accordance with Article 7.1(b) or Article 7.1(d), as the case may be, for the last Month of the Guarantee Period, and (b) the Contract Quantity shall not be reduced to less than twenty-five percent (25%) of the Contract Quantity determined in accordance with Article 7.1(b) or Article 7.1(d), as the case may be, for the last Month of the Guarantee Period while any credit or premium remains to be applied to purchases of Maya pursuant to Article 17(b) or 18(b).
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Related to Phase-out of Contract Quantity

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Delivery Point The delivery point is the point of delivery of the Power Product to the CAISO Controlled Grid (the “Delivery Point”). Seller shall provide and convey to Buyer the Power Product from the Generating Facility at the Delivery Point. Title to and risk of loss related to the Power Product transfer from Seller to Buyer at the Delivery Point.

  • 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 Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.