Common use of Take or Pay Clause in Contracts

Take or Pay. 9.3.1 In respect of each Contract Year the amount of the Minimum Xxxx Quantity which has not been taken by the Buyer in such Contract Year under this Agreement shall be known as the “Annual Take or Pay Quantity” for such Contract Year.

Appears in 2 contracts

Samples: Purchase Agreement (IC Power Pte. Ltd.), Purchase Agreement (IC Power Pte. Ltd.)

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Take or Pay. 9.3.1 In respect of each Contract Year during the Take or Pay Period or that part of the first Contract Year commencing on the first Day of the Take or Pay Period and ending at the end of such Contract Year, the amount of the Minimum Xxxx Quantity which has not been taken by the Buyer in such Contract Year under this Agreement shall be known as the “Annual Take or Pay Quantity” for such Contract Year.

Appears in 2 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement (Noble Energy Inc)

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Take or Pay. 9.3.1 In respect of each Contract Year during the Take or Pay Period or that part of the first Contract Year commencing on the first Day of the Take or Pay Period and ending at the end of such Contract Year, the amount of the Minimum Xxxx Quantity which has not been taken by the Buyer in such Contract Year under this Agreement shall be known as the "Annual Take or Pay Quantity" for such Contract Year.

Appears in 1 contract

Samples: Purchase Agreement (Noble Energy Inc)

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