Base Annual Quantity Sample Clauses

Base Annual Quantity. Unless otherwise agreed to by the parties, the quantity (all quantities being in tons) of the coal to be sold and purchased during each Period or Contract Year shall be the Base Quantity specified in the following table for such Period or Contract Year as adjusted pursuant to this article 4. By giving Shell notice at least six (6) months before the beginning of each Period or Contract Year, City may increase or decrease the Base Quantity for such Period or Contract Year by not more than five percent (5%) ("Nominated Quantity"). Such increase or decrease in the Base Quantity for the Initial Period of not more than five percent (5%) will apply to each of the four (4) quarters in such Period. If City does not give Shell such notice, then the Nominated Quantity for such Period or Contract Year shall be the Base Quantity for such Period or Contract Year. Shell's sale and delivery obligations hereunder ("Required Quantity") for each month during such Period or Contract Year shall be not less than 97.5% of the prorata monthly share of the Nominated Quantity. To the extent practicable, the quantities to be delivered and accepted throughout each week and day will be in substantially equal quantities consistent with the Required Quantity. City recognizes that Shell's delivery capability may not be uniform while the Mine is being developed to its capacity. The quantity (Base Quantity) is set out in the following table: Base Quantity Table Year Tons ---- ---- Initial Period January 1, 1983 - March 31, 1983 160,000 April 1, 1983 - June 30, 1983 135,000 July 1, 1983 - September 30, 1983 165,000 October 1, 1983 - December 31, 1983 190,000 Each Contract Year Beginning January 1, 1984 850,000 1985 900,000 1986 950,000 1987 through 1989 1,000,000 1990 1,100,000 1991 through 1994 1,200,000 1995 1,300,000 1996 through 1998 1,400,000 1999 1,500,000 2000 and each succeeding Contract Year 1,600,000
Sample 1
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Base Annual Quantity. Unless otherwise agreed to by the parties, the minimum quantity (all quantities being in tons) of coal to be sold and purchased during each Contract Year ("Base Quantity") shall be 700,000 tons. In addition, City shall purchase up to a total quantity of 902,500 tons in 1986 and 950,000 tons in each Contract Year thereafter, before purchasing coal from any other coal supplier pursuant to article 4.2. The quantity to be delivered during the Last Period shall be delivered at the respective averages of the monthly, weekly, and daily delivery rates in effect during the preceding Contract Year, disregarding any reduction therein for any excused non-performance. Nothing in this article 4.1 shall increase the total quantity delivery obligation specified in article 1.
Sample 1
Base Annual Quantity. Unless otherwise agreed by the parties, the minimum quantity (all quantities being in tons) of coal to be sold and purchased during each Contract Year ("Base Quantity") shall be 700,000 tons. In addition, Turris shall supply all of the coal requirements of City, including quantities in excess of 950,000 tons per year ("Excess Quantity"). The price for Excess Quantities will be the Base Price per ton, adjusted as of the delivery date, less $2.75 per ton.
Sample 1
Base Annual Quantity. Unless otherwise agreed to by the parties, the quantity (all quantities being in tons) of coal to be sold and purchased during each Contract Year shall be the minimum quantity ("Base Quantity"). In addition, City shall purchase up to a total quantity requirement ("Requirements"), before purchasing coal from any other coal supplier pursuant to article 4.2. Such quantities are as follows: Contract Year Minimum Base Quantity Requirements ------------- --------------------- ------------ 1998 & 1999 700,000 950,000 1998 - 1999 60,000 (Exxon coal) 2000 700,000 250,000 (Exxon Coal) 825,000 2001 550,000 250,000 (Exxon Coal) Xxxxxxx 3 2002 and all Subsequent Contract Years 550,000 Xxxxxxx 3 After Contract Year 2000, if City adds flue gas desulfurization equipment ("Scrubbers") to existing units or builds a new Scrubbed unit(s), the requirements shall be increased to the lesser of the Scrubbed unit(s) requirements or 950,000 tons per year. Turris will deliver the 60,000 tons of coal purchased from Exxon as shown in the above table between September 1, 1998 and August 31, 1999.
Sample 1
Base Annual Quantity. Unless otherwise agreed by the parties, the quantity (all quantities being in tons) of coal to be sold and purchased during each Contract Year shall be the City's total requirements. Such quantities are as follows: AMENDMENT TO CONTRACT FOR SALE AND PURCHASE OF COAL Effective Date January 1, 2001 Contract Year Requirements ------------- -------------------------------------- 2001 All required tons less tons to be delivered by Turris from the Exxon Monterey mine up to a total of 250,000 Monterey tons. 2002 and all subsequent Contract Years All required tons From January 1, 2001, through December 31, 2006, the tons required to be taken are 6.1 million tons. Any shortfall of tons from 2001 to 2006 will be carried over into 2007 as the first tons shipped to City in 2007. The price of such coal shall be the current price as of December 31, 2006 until the full 6.1 million tons are taken.
Sample 1

Related to Base Annual Quantity

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Minimum Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Lease Period The Lessor agrees to permit the Lessee to make use of the leased premises under this agreement for the period prescribed in Appendix A.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

  • Basic Annual Rent It is the intent of both parties that the Basic Annual Rent herein specified shall be absolutely net to the Landlord throughout the term of this Lease, and that all costs, expenses and obligations relating to Tenant’s pro-rata share of the Building, Property and/or Building, Property and/or Leased Premises which may arise or become due during the term shall be paid by Tenant in the manner hereafter provided. For purposes of this Part IV and the Lease in general, the following words and phrases shall have the meanings set forth below:

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