Seller’s Demurrage Obligations Sample Clauses

Seller’s Demurrage Obligations. Seller’s responsibility for Demurrage as it applies to rail car shipments begins to accrue seventy-two (72) hours after the rail car has reached the Delivery Point provided that the Constructive Placement occurs between the hours of 7:00 a.m. and 3:00 p.m., Monday through Friday excluding holidays (“Normal Operating Hours”), otherwise Demurrage will begin to accrue seventy-two (72) hours after the start of Normal Operating Hours following Constructive Placement. Seller’s responsibility for Demurrage for tank trucks will begin to accrue (i) after the second (2nd) hour waiting to load at the Plant provided the tank truck arrived during Normal Operating Hours or (ii) after the twelfth (12th) hour waiting to load at the Plant if arrival is outside the dates and times specified in clause (i). Seller’s responsibility for Demurrage for barges includes any time such Transport Vessel is loading Biodiesel slower than the rate set forth in the applicable freight contract.
Sample 1
AutoNDA by SimpleDocs
Seller’s Demurrage Obligations. Seller’s responsibility for Demurrage as it applies to rail car shipments begins to accrue seventy-two (72) hours after the rail car has reached the Delivery Point provided that the Constructive Placement occurs between the hours of 6:00 a.m. and 6:00 p.m., Monday through Friday excluding holidays (“Normal Operating Hours”), otherwise Demurrage will begin to accrue seventy-two (72) hours after the start of Normal Operating Hours following Constructive Placement. Seller’s responsibility for Demurrage for tank trucks will begin to accrue (i) after the second (2nd) hour waiting to load at the Plant provided the tank truck arrived during Normal Operating Hours or (ii) after the twelfth (12th) hour waiting to load at the Plant if arrival is outside the dates and times specified in clause (i). Seller’s responsibility for Demurrage for barges begins to accrue upon arrival of such Transport Vessel at the Delivery Point. It is understood that in the event Purchaser transports Biodiesel hereunder using freight carriers that extend Demurrage terms more favorable than those set out above, such terms shall govern Seller’s Demurrage obligations. Further, the parties agree that any Demurrage obligations borne by Seller shall be limited to the actual obligations imposed by the demurrage provisions of the freight contract relating to the specific Transport Vessel to which such Demurrage relates.
Sample 1

Related to Seller’s Demurrage Obligations

  • Seller Obligations Seller shall (A) arrange and pay independently for any and all necessary costs under any Generator Interconnection Agreement with the Participating Transmission Owner; (B) cause the Interconnection Customer’s Interconnection Facilities, including metering facilities, to be maintained; and (C) comply with the procedures set forth in the GIP and applicable agreements or procedures provided under the GIP in order to obtain the applicable Electric System Upgrades and (D) obtain Electric System Upgrades, as needed, in order to ensure the safe and reliable delivery of Energy from the Project up to and including quantities that can be produced utilizing all of the Contract Capacity of the Project.

  • Buyer Obligations In the event of any termination hereunder, Buyer shall return all documents and other materials furnished by Seller with respect to the Hospital Campus Real Property. No information or knowledge obtained in any investigation pursuant to this Section shall affect or be deemed to modify any representation or warranty contained in this Agreement or the conditions to the obligations of the Parties hereunder. Buyer shall keep the Hospital Campus Real Property free and clear of all mechanics’ or materialmen’s liens arising from or related to Buyer’s due diligence efforts and shall take all necessary actions, at Buyer’s sole cost and expense, to remove any such liens that encumber the Hospital Campus Real Property to the extent that the existence of such liens shall have a material adverse effect on Seller (including, without limitation, causing Seller to be in default of any of its obligations or agreements), the Hospital Campus Real Property (or any portion thereof) or the Licensed Operations.

  • Client Obligations Client shall fulfill its obligations and responsibilities as set forth in this Agreement and the SOW so that Spirent can perform the Services efficiently and effectively. Client is responsible for the operation and security of its applications and the information technology environment in which the Services are to be performed. Client agrees that it shall have the sole responsibility for protecting and backing up its systems, networks, applications, content, and data used in connection with the Services. Client shall secure and provide to Spirent any rights and licenses necessary to allow Spirent to perform the Services. Client shall ensure the cooperation and performance of its employees and contractors as well as the accuracy and completeness of data and information provided to Spirent that are necessary to perform the Services. Client shall make and be responsible for all decisions and actions based or related to advice and recommendations provided by Spirent in connection with the performance of the Services hereunder. Client shall be liable for all Spirent owned equipment while in Client’s possession or control and, if lost or. damaged or not returned to Spirent upon expiration of the engagement, Client agrees to pay for such equipment upon receipt of an invoice referencing this Agreement. Equipment received by Spirent from Client more than five (5) calendar days after the end of engagement shall be subject to a fifteen (15%) per month late fee based on the list price of the equipment.

  • Contractor Obligations The Contractor is responsible for fully meeting all Contract obligations set forth in the OGS Centralized Contract and for providing services in accordance with the Contract and any Authorized User Agreement, Statement of Work or Purchase Order.

  • Customer Obligations 6.1 The Customer shall:

  • Surety Obligations No Borrower or Subsidiary is obligated as surety or indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder.

  • Joint Obligations The following shall apply with equal force to Seller and Purchaser:

  • Guaranty Obligations Unless otherwise specified, the amount of any Guaranty Obligation shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guaranty Obligation.

  • Warranty Obligations (a) Project Co represents, warrants and covenants that:

  • Interconnection Customer Obligations The Interconnection Customer shall maintain the Large Generating Facility and the Interconnection Customer’s Interconnection Facilities in a safe and reliable manner and in accordance with this LGIA.

Time is Money Join Law Insider Premium to draft better contracts faster.