Rationing Clause Samples
The Rationing clause allows a party, typically a supplier, to limit the quantity of goods or services delivered when there is a shortage or other supply constraint. In practice, this clause may specify how available resources are distributed among customers, such as proportionally based on previous orders or at the supplier’s discretion. Its core function is to provide a fair and predetermined method for allocating limited resources, thereby reducing disputes and clarifying expectations during periods of scarcity.
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Rationing. In the event a gasoline rationing/allotment program is mandated, the County will not require an employee to use his or her personal allocation for County business.
Rationing. If the Primary Underwriter determines in good faith that inclusion of all of the Secondary Shares which the Secondary Sellers desire to include in a Piggyback Registration would create a significant risk that either the quantity of securities that the Primary Seller could otherwise sell or that the price per Share of such securities to be received by the Primary Seller would be reduced, then (i) the Secondary Sellers shall be entitled to include in such registration the largest number of Secondary Shares which the Primary Underwriter determines will not create such a risk (herein called the "Piggyback Total"), (ii) the maximum number of Secondary Shares which any given Secondary Seller shall be entitled to include in the registration shall be determined by multiplying the Piggyback Total times a fraction the numerator of which is the number of Secondary Shares which such Secondary Seller desires to include in such registration and which are not excluded by any of the preceding provisions of this Section 7.8 and the denominator of which is the number of Secondary Shares which all Secondary Sellers desire to include in such registration and which are not excluded pursuant to any of the preceding provisions of this Section 7.8. Notwithstanding the foregoing sentence, WMX shall be entitled to include in the registration a minimum number of ServiceMaster Shares equal to 20% of the sum of the Piggyback Total plus the number of Primary Shares.
Rationing. In the event that a drought threatens the preservation of public health and safety, the Commission may require the rationing of water.
Rationing. CLAUSE FIFTEEN — If the Granting Power decrees rationing, the contract liabilities will be governed by the legislation in force and the COMMERCIALIZATION RULES.