Termination Amount. 3.1 The Termination Amount shall be the sum (in pounds sterling (£)) calculated as the annual amount of the Annual Capacity Charge (in £) specified in paragraph 4.1 of Schedule 4 [or Schedule 4A (as applicable)] multiplied by three (3). 3.2 The Parties agree that the calculation of the Termination Amount is commercially justifiable in light of anticipated harm and difficulty of estimation or calculation of actual damages. SCHEDULE 2- COMMISSIONING CARGOS 1.1 In this Schedule 2, the following terms shall have the following meanings:
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Sources: Terminal User Agreement, Terminal User Agreement for New Shipper Services
Termination Amount. 3.1 4.1 The Termination Amount shall be the sum (in pounds sterling (£)) calculated as the annual amount of the Annual Capacity Charge (in £) specified in paragraph 4.1 of Schedule 4 [or Schedule 4A (as applicable)] 1 multiplied by three (3).
3.2 4.2 The Parties agree that the calculation of the Termination Amount is commercially justifiable reasonable in light of anticipated harm and difficulty of estimation or calculation of actual damages. SCHEDULE 2- COMMISSIONING CARGOS
1.1 In this Schedule 2, the following terms shall have the following meanings:.
Appears in 1 contract
Sources: Terminal User Agreement
Termination Amount. 3.1 The Termination Amount shall be the sum (in pounds sterling (£)) calculated as the annual amount of the Annual Capacity Charge (in £) specified in paragraph 4.1 of Schedule 4 [or Schedule 4A (as applicable)] 3 multiplied by three (3).
3.2 The Parties agree that the calculation of the Termination Amount is commercially justifiable in light of anticipated harm and difficulty of estimation or calculation of actual damages. SCHEDULE 2- COMMISSIONING CARGOS
1.1 In this Schedule 2, the following terms shall have the following meanings:.
Appears in 1 contract