Examples of Agreed Quantity in a sentence
The Seller wishes to sell, and the Buyer wishes to purchase, the Agreed Quantity of Contract Units upon the terms and conditions set out in this Code of Common Terms as supplemented by the Commercial Terms, the Delivery Terms and the Financial Terms agreed between the parties (Contract).
The Seller agrees to sell and the Buyer agrees to purchase the Agreed Quantity of Contract Units at the Unit Price in accordance with the terms and conditions of the Contract.
The parties agree that the Seller has the right to sell to the Buyer Contract Units up to the Agreed Quantity at the Unit Price, and that the Buyer will be obliged to purchase from the Seller at the Unit Price Contract Units Delivered up to the Agreed Quantity, upon the terms and conditions set out in this Option to Deliver Code of Common Terms as supplemented by the Commercial Terms, the Delivery Terms and the Financial Terms agreed between the parties (Contract).
The Loss Amount for the purposes of this Alternative Price Standard will be the amount of the direct losses or costs of the Determining Party that are or would be incurred under the circumstances prevailing on the applicable Delivery Date(s) by reason of the quantity actually delivered by the Seller or accepted by the Buyer being different than the Agreed Quantity for each applicable Delivery Date.
The parties mutually agree and acknowledge that notwithstanding anything contained in the Contract, the Agreed Quantity will not be increased or reduced.
The parties agree that the Seller has the right to sell to the Buyer Contract Units up to the Agreed Quantity at the Unit Price, and that the Buyer will be obliged to purchase from the Seller at the Unit Price Contract Units that are Delivered by the Seller up to the Agreed Quantity, upon the terms and conditions of the Contract.
If the Buyer takes quantities of Gas from the Delivery Point during a Delivery Period or on a Delivery Date which are greater or less than the Agreed Quantity for that Delivery Period or Delivery Date (as applicable), then the Buyer shall pay the Seller the Buyer Variation Charge on the Payment Date in respect of the Billing Period in which the last day of the relevant Delivery Period falls.
In the case of a Firm Supply Transaction, the Seller must make available for delivery, and the Buyer must accept or cause to be accepted, Gas at the Delivery Point on each Delivery Date in the Agreed Quantity for that Delivery Date, subject to the terms of this Agreement.
For the avoidance of doubt, any extension of the Term pursuant to this Clause 3.1 is in respect of the Term only, and the Agreed Quantity as set out in the Term Sheet shall continue to apply.
If the Seller makes available quantities of Gas at the Delivery Point during a Delivery Period or on a Delivery Date which are greater or less than the Agreed Quantity for that Delivery Period or Delivery Point (as applicable), then the Seller shall pay the Buyer the Seller Variation Charge on the Payment Date in respect of the Billing Period in which the last day of the relevant Delivery Period falls.