Additional Quantity definition
Examples of Additional Quantity in a sentence
Buyer and Supplier will negotiate in good faith with respect to the terms and conditions of the supply of any Additional Quantity under this Agreement; provided, that, any such negotiation will take into account and reflect Supplier’s (i) then existing obligations to third parties and (ii) production capacity limitations.
Any portion of the Additional Quantity that is not confirmed in accordance with the foregoing, shall be delivered on an Interruptible, as-available basis at the request of Purchaser and ability of Seller.
Once made available by the Seller in a written notice to Purchaser and, if accepted by Purchaser in a written notice to Seller confirming Purchaser’s acceptance thereof, the Additional Quantity shall become Baseload Gas and it shall be a Firm obligation of Seller to deliver the Additional Quantity and a Firm obligation of Purchaser to purchase and receive the Additional Quantity.
Sales and purchases of the Baseload Gas and Make-Up Gas will be on a Firm basis and sales and purchases of the Additional Gas will be on an Interruptible basis unless and until the Additional Gas is nominated for delivery as provided in Section 6.4 at which time, the Additional Quantity will become Scheduled Gas deliverable on a Firm basis.
Seller shall make available to Purchaser on the same terms and conditions as any third party any Additional Quantity offered by Seller to any third party.