Annual Supply definition
Examples of Annual Supply in a sentence
Where the parties have not agreed to a new Annual Supply Volume by 31 March of a Year the Annual Supply Volume and Monthly Supply Profile for the previous Year shall continue to apply.
The parties must take into account Brownes’ forecast demand requirements for Milk for the next Year and the Supplier’s current production capacity when negotiating the new Annual Supply Volume and Monthly Supply Profile.
The Supplier and Brownes may meet to conduct an annual production review during which the parties may renegotiate in good faith a new Annual Supply Volume and Monthly Supply Profile for the next Year commencing on 1 July.
K-C’s sole remedy for Seller’s unexcused failure to satisfy its Annual Supply Obligation shall be as set forth in paragraph 2.01(c).
In the event that a shortfall occurs in the Annual Purchase Obligation, or in the Annual Supply Obligation, the Purchase Shortfall Amount or the Supply Shortfall Amount, as the case may be, shall be payable within forty-five (45) days of the date that a written claim is made, provided that such claim shall not be made until the amount of the shortfall can be determined with reasonable certainty.
If the kWh of energy actually delivered to the Delivery Point by Seller to TVA under this Agreement (“Actual Supply”) is not sufficient to meet the Annual Supply Guarantee for the Delivery Period in question (such shortfall being referred to herein as “Deficient Energy”), Seller shall pay liquidated damages to TVA with respect to the supply guarantee: (i) with respect to Deficient Energy, and (ii) with respect to RECs associated with the amount of the Deficient Energy, if applicable.
The Annual Purchase Obligation and Annual Supply Obligation under the Phase Down Period are set forth at Exhibit A.
The initial Annual Supply Volume, covering the period from 1 July 2020 to 30 June 2021 is supplied in accordance with the Monthly Supply Profile set out in the table below.
The quantity of Pulp which, when added to the quantity of Pulp actually supplied by Seller during the applicable Contract Year, would equal the Annual Supply Obligation for such year is referred to below as the “Supply Shortfall Quantity”).
The initial Annual Supply Volume, covering the period from 1 July 2021 to 30 June 2022 is supplied in accordance with the Monthly Supply Profile set out in the table below.