Over Acceptance Clause Samples
The Over Acceptance clause defines the procedures and consequences when a party accepts more goods or services than were originally ordered or contracted for. In practice, this clause typically outlines whether the receiving party is obligated to pay for the excess, may return the surplus at the sender's expense, or can choose to accept or reject the additional items. Its core function is to prevent disputes and clarify responsibilities in situations where deliveries exceed agreed quantities, ensuring both parties understand their rights and obligations regarding over-deliveries.
Over Acceptance. If in respect of an hour and/or a Day the Delivered Quantity exceeds the Contract Quantity by reason of the Buyer’s Default, the Buyer shall pay to the Seller as compensation for its resulting losses (if any) an amount (if positive) equal to:
(a) the Seller’s Balancing Charges; minus
(b) the product of the absolute value of the Default Quantity and the Contract Price.”
Over Acceptance. If in respect of a Time Unit and an Individual Contract, the Delivered Quantity exceeds the Contract Quantity by more than the Tolerance by reason of Buyer's Default, the Buyer shall pay to the Seller as compensation for its resulting losses an amount equal to the product of:
(a) the amount, if positive, by which the price, at which the Seller acting in a commercially reasonable manner is or would be able to contract to purchase or otherwise acquire in an arm's length purchase from a third party (which may include the relevant Network Operator) a replacement quantity of Natural Gas for such Time Unit equal to the absolute value of the Default Quantity, exceeds the Contract Price; and
(b) the absolute value of the Default Quantity. Such amount shall be increased by the amount of any incremental transportation costs and charges and other reasonable and verifiable costs or expenses incurred by the Seller in respect of the Default Quantity or the acquisition of such replacement quantity.
Over Acceptance. (as applicable) will represent a genuine and reasonable estimate of the costs and losses likely to be suffered by the Buyer in the event of Seller's Default or bythe Seller in respect of Buyer's Default.
Over Acceptance. If in respect of an hour and an Austrian VTP Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation an amount equal to:
(a) the product of: (i) the amount; if positive, by which the Buy Price calculated for the hour exceeds the Contract Price; and (ii) the absolute value of the Default Quantity; plus
(b) subject to § 8.4A(a), the Balancing Incentive Markup for the hour multiplied by the absolute value of the Default Quantity multiplied by 2.
Over Acceptance. If in respect of a Time Unit and an Individual Contract, the Delivered Quantity exceeds the Contract Quantity by more than the Tolerance by reason of Buyer's Default, the Buyer shall pay to the Seller as compensation for its resulting losses an amount equal to the product of:
Over Acceptance. If in respect of a Time Unit and a TVB Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller an amount (if positive) equal to: (a) the difference between the Negative Imbalance Price and the Contract Price, (b) multiplied by the Default Quantity.” 5.
2. For the purposes of TVB Transactions, the Tolerance will be zero.
Over Acceptance. If, in respect of a Time Unit and an AOC Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as liquidated damages an amount equal to the product of: (a) the Unit Value specified in the Individual Contract; and (b) the absolute value of the Default Quantity.
Over Acceptance. If in respect of a Time Unit and an Individual Contract, the Delivered Quantity exceeds the Contract Quantity by more than the Tolerance by reason of Buyer's Default, the Buyer shall pay to the Seller as compensation for its resulting losses an amount equal to the product of:
(a) the amount, if positive, by which the price, at which the Seller acting in a commercially reasonable manner is or would be able to contract to purchase or otherwise acquire in an arm's length purchase from a third party (which may include the relevant Network Operator) a replacement quantity of Natural Gas for such Time Unit equal to the absolute value of the Default Quantity, exceeds the Contract Price; and Така сума збільшується на суму будь-яких додаткових витрат на транспортування та інших обґрунтованих витрат та таких, що піддаються перевірці, які були понесені Покупцем по відношенню до Непоставленого Обсягу або такої угоди з продажу на ринкових умовах.
Over Acceptance. (as applicable) will represent a genuine and reasonable estimate of the costs and losses likely to be suffered by the Buyer in the event of Seller's Default or by the Seller in respect of Buyer's Default. відповідної Одиниці Часу та Індивідуального Договору, зобов’язання згідно із пунктом 4.1 (Поставка та прийом) або Непоставлений Обсяг відноситься до Покупця відповідно до пункту 6.7 (Ризики Продавця та Покупця) якщо, у кожному випадку, Покупець не звільнений від відповідальності на підставі Форс-Мажорних Обставин згідно з статтею 7 (Невиконання через Форс-Мажорні Обставини);