Reduction of Capacity Sample Clauses

Reduction of Capacity. (a) If an Event of Force Majeure results in a partial reduction of Seller’s capacity to produce or deliver Concentrate, then Seller shall be obligated to allocate any such reduced amount of Concentrate between Buyer and all other purchasers of Concentrate under long-term contracts in effect on the date of the Event of Force Majeure reasonably proportional to the Annual Quantity to be delivered to Buyer and commitments to such other purchasers as is commercially practical.
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Reduction of Capacity. 4.11 The Lessee may not reduce the amount of Capacity leased by it hereunder during the Initial Term. However, subject to providing not less than 180 days’ prior written notice to the Lessor, or with the prior written consent of the Lessor, the Lessee may reduce the amount of Capacity leased with effect from the commencement of any Additional Term, provided that the Lessee must lease all Capacity which it has requested or otherwise committed to lease for at least one year following the date of delivery or renewal of the lease of such Capacity (as the case may be). Any reduction in the total amount of leased Capacity shall be effected in reverse of the order in which Capacity was originally delivered and leased hereunder, such that Capacity last delivered prior to the request for reduction shall be reduced first.
Reduction of Capacity. If AEMO is entitled to terminate this Agreement under clause 13.1 or 13.2, AEMO may instead elect to reduce the capacity to be provided under this Agreement by specifying so in the notice issued under clause 13.1 or 13.2 (as applicable) and the Services will be amended accordingly.

Related to Reduction of Capacity

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Withdrawal of Capital No Member may withdraw all or any part of its Capital Contribution except with the unanimous consent of the mangers or as provided in Article III (regarding distributions generally) or Article VIII (regarding dissolution of the Company).

  • Maintenance of Capital Accounts The Company shall maintain a Capital Account for each Member on the books of the Company in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv) and, to the extent consistent with such provisions, the following provisions:

  • Return of Capital Except pursuant to the rights of Redemption set forth in Section 8.6, no Limited Partner shall be entitled to the withdrawal or return of his or her Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein. No Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee either as to the return of Capital Contributions, or as otherwise expressly provided in this Agreement, or as to profits, losses, distributions or credits.

  • Description of Capital Stock The authorized capital stock of the Company conforms as to legal matters to the description thereof contained in the Prospectus.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Transfer of Capital Accounts In the event all or a portion of an Interest in the Company is Transferred in accordance with the terms of the Articles of Organization and this Agreement, the transferee shall succeed to that portion of the Capital Account of the transferor which is allocable to the transferred Interest.

  • No Right to Demand Return of Capital No Member has any right to any return of capital or other distribution except as expressly provided in this Agreement. No Member has any drawing account in the Company.

  • Selection of Carrier The selection of the insurance carrier and policy shall be made by the School District as provided by law.

  • Conversion of Capital Stock At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Parent, Merger Sub or the holders of any shares of capital stock of the Company, Parent or Merger Sub:

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