Agreed Quantity definition
Examples of Agreed Quantity in a sentence
At any time within 12 months prior to the end of the Term, provided that the Licensee has complied with the terms and conditions of this Agreement and provided that the Agreed Quantity as set out in the Term Sheet is a capped amount (e.g. not “85,000+”), the Licensee may serve written notice on DACS that it wishes to extend the Term by a further ten years.
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.
Within the first two years of the Term, provided that the Licensee has complied with the terms and conditions of this Agreement, the Licensee may serve written notice on DACS that it wishes to increase the Agreed Quantity upon payment of an amount equal to the difference between the Licence Fee for the actual Agreed Quantity as set out in the Term Sheet, and DACS’ standard licence fee for the increased Agreed Quantity as of the date of the Licensee’s subsequent request.
At any time prior to the end of the Term, provided that the Licensee has complied with the terms and conditions of this Agreement, the Licensee may serve written notice on DACS that it wishes to increase the Agreed Quantity upon payment of an amount equal to the difference between the Licence Fee for the actual Agreed Quantity as set out in the Term Sheet, and DACS’ standard licence fee for the increased Agreed Quantity as of the date of the Licensee’s subsequent request.
The Parties agree that the Advance Payment shall be credited against the Product Deliveries and shall be calculated as follows (the “Advance Payment Credit”): Calendar Year Agreed Quantity Advance Payment Credit per kg.
If SunPower fails to purchase the Agreed Quantity as set forth in Section 3.1 for any given calendar year for any reason whatsoever, without prejudice to DCC’s right to terminate this Agreement pursuant to Section 10.2.2 hereof, DCC shall be entitled to liquidated damages equivalent to the price of the Agreed Quantity that SunPower has failed to purchase in the applicable calendar year and if remaining, such liquidated damages shall be set off against the Advance Payment.
The Agreed Quantity (as defined in the Supply Agreement) for the year 2008 shall be approximately *** metric tons.
Thereafter, by January 15th of each calendar year, SunPower shall deliver the annual requirement of the Product (up to the Agreed Quantity) to DCC, broken down in the Monthly Base.
Seller and Buyer may vary an Agreed Quantity at any time, by agreement in writing.
Each Nominated Quantity will be deemed to be the Agreed Quantity for the relevant Supply Day.