Under Acceptance Clause Samples
The "Under Acceptance" clause defines the period or conditions under which goods, services, or deliverables are subject to review and approval by the receiving party. Typically, this clause outlines the timeframe for inspection, the criteria for acceptance, and the process for notifying the provider of any defects or non-conformities. Its core function is to ensure that the recipient has a fair opportunity to verify that what was delivered meets the agreed-upon standards before final acceptance, thereby reducing the risk of disputes over quality or performance.
Under Acceptance. If in respect of an hour and/or a Day the Contract Quantity exceeds the Delivered Quantity by reason of the Buyer’s Default, the Buyer shall pay to the Seller as compensation for its resulting losses (if any) an amount (if positive) equal to:
(a) the Seller’s Balancing Charges; plus
(b) the product of the Default Quantity and the Contract Price; minus
(c) the Seller’s Balancing Compensation.
Under Acceptance. If in respect of a Time Unit and an Individual Contract, the Contract Quantity exceeds the Delivered Quantity by more than the Tolerance by reason of Buyer's Default, the Buyer shall pay to the Seller as compensation for its resulting losses an amount equal to the product of:
(a) the amount, if positive, by which the Contract Price exceeds the price at which the Seller acting in a commercially reasonable manner is or would be able to contract to sell a quantity of Natural Gas equivalent to the Default Quantity in an arm's length sale to a third party (which may include the relevant Network Operator) for such Time Unit; and
(b) the Default Quantity. Such amount shall be increased by the amount of any incremental transportation costs and charges and other reasonable and verifiable costs or expenses incurred by the Seller in respect of the Default Quantity.
Under Acceptance. If in respect of an hour and an Austrian VTP Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation an amount equal to:
(a) the product of: (i) the amount, if positive, by which the Contract Price exceeds the Sell Price calculated for the hour; and (ii) the Default Quantity; plus
(b) subject to § 8.4A(a), the Balancing Incentive Markup for the hour multiplied by the Default Quantity multiplied by 2.
Under Acceptance. If in respect of a Time Unit and an Individual Contract, the Contract Quantity exceeds the Delivered Quantity by more than the Tolerance by reason of Buyer's Default, the Buyer shall pay to the Seller as compensation for its resulting losses an amount equal to the product of:
Under Acceptance. If in respect of a Time Unit and a TVB Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller an amount (if positive) equal to: (a) the difference between the Contract Price and the Positive Imbalance Price, (b) multiplied by the Default Quantity.
Under Acceptance. If, in respect of a Time Unit and an AOC Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as liquidated damages an amount equal to the product of:
(a) the Unit Value specified in the Individual Contract; and (b) the Default Quantity. § 8.3 Overdelivery: If, in respect of a Time Unit and an AOC Transaction, the Delivered Quantity exceeds the constituirá un evento de Fuerza Mayor con respecto a dicha Transacción AOC. 6. ▇▇▇▇▇▇▇▇ por Falta de Entrega o Aceptación de la Cantidad Contractual 6.1 Para cualquier Transacción AOC en que ▇▇ ▇▇▇ acordado Valores Unitarios, a menos que las Partes dispongan lo contrario en dicho acuerdo, el REMEDIO B establecido más abajo, se aplicará únicamente con respecto a la parte de la Cantidad Incumplida, en su caso, que no ha sido reemplazada, en su totalidad o en parte, por la Parte no incumplidora y el REMEDIO A se aplicará con respecto a la porción de la Cantidad Incumplida que ha sido reemplazada, en su caso, por la Parte no incumplidora, sin duplicaciones. En cualquier otro caso, el REMEDIO A será de aplicación por defecto. REMEDIO A: §§ 8.1 to 8.4 (Entrega Menor, Aceptación Menor, Entrega Mayor y Aceptación Mayor) se aplicará como están establecidas en el Acuerdo General. REMEDIO B: §§ 8.1 to 8.4 (Entrega Menor, Aceptación Menor, Entrega Mayor y Aceptación Mayor) se suprimirán y se sustituirán por el texto siguiente (siempre y cuando, si alguno de los Valores Unitarios a efectos del § 8.1 (a), 8,2 § (a), § 8.3 (a) o 8.4 § (a) no se ha especificado en el Contrato Individual pertinente, § 8.1, § 8.2, § § 8.3 o 8.4, según sea el caso, serán de aplicación con el contenido establecido en el REMEDIO A, a efectos de dicho Contrato Individual): “§
Under Acceptance. If in respect of a Time Unit and an Individual Contract, the Contract Quantity exceeds the Delivered Quantity by more than the Tolerance by reason of Buyer's Default, the Buyer shall pay to the Seller as compensation for its resulting losses an amount equal to the product of:
(a) the amount, if positive, by which the Contract Price exceeds the price at which the Seller acting in a commercially reasonable manner is or would be able to contract to sell a quantity of Natural Gas equivalent to the Default Quantity in an arm's length sale to a third party (which may include the relevant Network Operator) for such Time Unit; and Така сума збільшується на суму будь-яких додаткових витрат на транспортування та інших обґрунтованих витрат та таких, що піддаються перевірці, які були понесені Покупцем у результаті Невиконання ▇▇▇▇▇'▇▇▇▇▇.