Buyer's Commitment Clause Samples
The Buyer's Commitment clause establishes the buyer's obligation to fulfill specific duties or actions as outlined in the agreement. Typically, this includes requirements such as making timely payments, providing necessary information, or completing certain steps to facilitate the transaction. By clearly defining the buyer's responsibilities, this clause ensures both parties understand their expectations and helps prevent disputes arising from non-performance or delays.
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Buyer's Commitment. Buyer shall, as soon as practicable, notify Kennecott of any termination, modification or reduction of the Commitment or of any event which is likely to result in a termination, modification or reduction of the Commitment.
Buyer's Commitment. BUYER agrees to purchase the Property on the terms and conditions set forth in this Agreement. Except for the representations and warranties of SELLER made in this Agreement, BUYER enters into this Agreement in full reliance upon its independent investigation and judgment. BUYER acknowledges receipt of a copy of this Agreement bearing its signature and that of the SELLER.
Buyer's Commitment. Buyer commits to Seller to buy and receive from Seller at the Receipt Point(s), on a Firm basis, Seller's Gas, subject to the terms of this Agreement, including, without limitation, Section 1.3.
Buyer's Commitment. Regarding Obligations of Partnership and ----------------------------------------------------------- Partners. The Buyer agrees to cause each Partner and the Partnership to perform -------- all of their respective obligations under this Agreement applicable to the time period following the Closing. Tax Cooperation Agreement -------------------------
Buyer's Commitment. Subject to the terms and conditions of this Agreement:
(a) except for Carbon Dioxide recycled at the McElmo Creek Field, the Ratherford Field, and the Aneth Field during the Project(s), each Day during the Term Buyer shall purchase and receive all of its daily Carbon Dioxide requirements for the Project, up to the DCQ and any Excess Volumes Seller has agreed to supply, from Seller; and
(b) each Day during the Term Buyer shall purchase from Seller, and receive at the Delivery Point, the volume nominated by Buyer in accordance with Article 5.1 and any Excess Volumes requested by Buyer and agreed to by Seller in accordance with Article 3.1; and
(c) during each Month of the Term, if Buyer does not purchase at least (**) percent ((**)%) of the MCQ for such Month ((**)% of the MCQ being the “Take or Pay Quantity”), then Buyer shall pay Seller for the volume difference between the Take or Pay Quantity and the volume actually purchased (such difference is hereinafter referred to as “Make-Up Volume”) at the price applicable for such Month. Subject to the terms and conditions herein, Buyer shall have the right to take delivery of Make-Up Volumes for which it has made payment under this Article 2.2(c), provided that (i) Buyer has purchased and received 100% of the ACQ for the Contract Year in which such Make-Up Volume was incurred and (ii) all such Make-Up Volumes are delivered during the Term and (iii) Seller, in its sole judgment, has sufficient volumes to provide Make-Up Volume to Buyer on the Day(s) on which Buyer requests delivery. Promptly after written request from Buyer to Seller for delivery of Make-Up Volumes, Buyer and Seller shall cooperate and use reasonable commercial efforts to schedule delivery of Make-Up Volumes. Seller shall never be obligated to provide any volume that exceeds the DCQ for a Day. It is recognized that Make-Up Volumes result from Buyer’s Take or Pay obligation under this Agreement, and that upon termination or cancellation of this Agreement for any reason, Seller shall have no obligation to provide any Make-Up Volume to Buyer. The Take or Pay Quantity for each Month shall be reduced proportionally to the extent that (i) Seller does not deliver amounts nominated by Buyer, up to the DCQ, in such Month for any reason other than suspension due to Buyer’s default as provided in Articles 5.4 and 5.5; (ii) Seller delivers Off-Specification Carbon Dioxide that is refused by Buyer as provided in Article 11.3; (iii) Seller or Buyer has planned...
Buyer's Commitment. Buyer shall take and purchase all gas tendered by Seller at the Point(s) of Delivery.
Buyer's Commitment. The Buyer understands that a puppy is a big commitment and they have a plan in place for caring for their new dog/puppy. This includes approval from all family members and landlords if applicable.
Buyer's Commitment. Immediately upon entering into a Swing Line Transaction, each Buyer shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Provider its respective Applicable Percentage of such Swing Line Transaction in accordance with Section 3.2(a)(ii) hereof.
Buyer's Commitment. The Buyer commits himself to invest in the Company, from own or attracted sources, on his behalf, over a 4-year period, starting with the date of his registration as shareholder at the Registry of Commerce, an investment / capital contribution amounting to 59,500,000 USD, according to Annex no. 4.
Buyer's Commitment. Buyer promises to complete investments to Sino-Top in 2006 according to the amount of investment and time table in Schedule "K".