Level of Delivery and Level of Lifting Sample Clauses

Level of Delivery and Level of Lifting. 5.6.1 The Level of Delivery with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Delivery (LD) = (DQ+DDQ+FM+RF) X 100 ACQ Where: LD = Level of Delivery of the Contracted Grade of Coal by the Seller for the Year. DQ = Delivered Quantity, namely, aggregate of actual quantities of the Contracted Grade of Coal delivered by the Seller for the Year. DDQ = Deemed Delivered Quantity, reckoned in the manner stated in Clause 5.8. FM = Proportionate quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Act affecting the Seller and / or the Purchaser, calculated as under: FM = ACQ x Number of days lost under applicable Force Majeure Act 365 Note: For the purpose of calculation of ‘Number of days lost under applicable Force Majeure Act’, the period affecting both the Parties shall be counted only once. RF = Quantity of the Contracted Grade of Coal that could not be supplied by the Seller for the Year owing to the Railways not allotting wagons or not placing wagons for loading, in spite of specific valid indent/offer submitted by the Seller to the railways against valid program(s) submitted by the Purchaser for the purpose.
Sample 1Sample 2See All (8)
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Level of Delivery and Level of Lifting. 5.6.1 The Level of Delivery with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Delivery (LD) = (DQ+DDQ+FM) X 100 Where: LD = Level of Delivery of the Contracted Grade of Coal by the Seller for the Year. DQ = Delivered Quantity, namely, aggregate of actual quantities of the Contracted Grade(s) of Coal delivered by the Seller for the Year or sale order quantity obtained by the Purchaser by paying advance amount, whichever is higher. DDQ = Deemed Delivered Quantity, reckoned in the manner stated in Clause 5.7. FM = Proportionate quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Event affecting the Seller and / or the Purchaser, calculated as under: FM = ACQ x Number of days lost under applicable Force Majeure Event 365 Note: For the purpose of calculation of ‘Number of days lost under applicable Force Majeure Event’, the period affecting both the Parties shall be counted only once
Sample 1See All (6)
Level of Delivery and Level of Lifting. The Level of Delivery with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Delivery (LD) = (DQ+DDQ+FM) X 100 ACQ Where: LD = Level of Delivery of the Contracted Grade of Coal by the Seller for the Year. DQ = Delivered Quantity, namely, aggregate of actual quantities of the Contracted Grade(s) of Coal delivered by the Seller for the Year or sale order quantity obtained by the Purchaser by paying advance amount, whichever is higher. DDQ = Deemed Delivered Quantity, reckoned in the manner stated in Clause 5.7. FM = Proportionate quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Event affecting the Seller and / or the Purchaser, calculated as under: FM = ACQ x Number of days lost under applicable Force Majeure Event 365 Note: For the purpose of calculation of ‘Number of days lost under applicable Force Majeure Event’, the period affecting both the Parties shall be counted only once. Further, it is clarified that in case the Purchaser does not accept the supply of coal from the Secondary Source, then such quantity of coal shall be considered in the quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Event affecting the Seller and / or the Purchaser.
Sample 1

Related to Level of Delivery and Level of Lifting

  • Customer Responsibility You agree that you are responsible for all access to and use of the Service through your account or password(s) and for any fees incurred for the Service, or for software or other merchandise purchased through the Service, or any other expenses incurred in accordance with the terms of this Agreement. You agree that you are responsible for backing up (a) any data you submit, receive or transfer over the Service, including, without limitation, your email; and (b) any data, files, programs, or applications on any device you connect to the Service. You acknowledge that you are aware that content accessible on or through the Service may contain material that is unsuitable for minors (persons under 18 years of age). You agree to supervise usage of your account by minors. You ratify and confirm any obligations incurred by a minor using your account.

  • Service Level Agreement Subject to the terms and conditions of this Agreement, Bank agrees to perform the custody services provided for under this Agreement in a manner that meets or exceeds any service levels as may be agreed upon by the parties from time to time in a written document that is executed by both parties on or after the date of this Agreement, unless that written document specifically states that it is not contractually binding. For the avoidance of doubt, Bank’s Service Directory shall not be deemed to be such a written document.

  • Optional Xactimate Response Attachment (Part 2)

  • Minimum Shipping Requirements for TIPS Sales Vendor shall ship, deliver, or provide ordered goods and services within a commercially reasonable time after acceptance of the order. If a delay in delivery is anticipated, Vendor shall notify the TIPS Member as to why delivery is delayed and provide an updated estimated time for completion. The TIPS Member may cancel the order if the delay is not commercially acceptable or not consistent with the Supplemental Agreement applicable to the order.

  • Customer Responsibilities Customer shall:

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