Regulatory Agency or Weather-Related Reductions in Committed Purchased Quantity Clause Samples

This clause allows for adjustments to the quantity of goods or services a buyer is contractually obligated to purchase if reductions are mandated by regulatory agencies or caused by weather-related events. In practice, if a government authority imposes restrictions or if severe weather disrupts supply or demand, the committed purchase quantities can be proportionally reduced without penalty. The core function of this clause is to provide flexibility and protect both parties from unforeseen external factors that could make fulfilling the original purchase commitments impossible or impractical.
Regulatory Agency or Weather-Related Reductions in Committed Purchased Quantity. This Definitive Agreement shall, in all respects, be subject to the LCRA WATER MANAGEMENT PLAN, dated September 20, 1989, AS AMENDED THROUGH MARCH 1, 1999, and as may be hereafter amended or updated from time to time and approved by the TNRCC (“LCRA Water Management Plan”). LCRA agrees that it will not submit, propose or approve, or consent to, without first having pursued reasonable administrative and judicial remedies available, any amendment or update of the LCRA Water Management Plan that reduces or adversely affects the Firm Supply commitment to SAWS differently and not in the same proportion as the Firm Supply of other LCRA customers are affected. To the extent any amendment or update to the LCRA Water Management Plan reduces the Firm Supply available to SAWS for reservation or purchase, SAWS may elect to release its right to the reduced water ("Reduced Water") in which event, SAWS shall be released of its obligation to pay the Aggregate Reservation Fee or Aggregate Committed Purchase Fee for the Reduced Water as of the effective date of the change and the released Reduced Water shall be Released Water.
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