Cargo Shortfall Quantity definition

Cargo Shortfall Quantity as defined in Paragraph 11.1.2 of Part B of Schedule 2; Effective Date: the date of this Agreement; ETA: as defined in Paragraph 5.2.3 to Schedule 4; Expert: a Person agreed upon or appointed in accordance with Clause 24.2.1;

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Cargo Shortfall Quantity as defined in Section 5.7.2; Claim: all claims, demands, legal proceedings, or actions that may exist, arise, or be threatened currently or in the future at any time following the Effective Date, whether or not of a type contemplated by any Party, and whether based on federal, state, local, statutory or common law or any other Applicable Law;

Cargo Shortfall Quantity as defined in Section 5.7.2;

Examples of Cargo Shortfall Quantity in a sentence

• If the Tellurian Partnership Buyer rejects such offer, then subject to Section 5.7.7, Seller shall use reasonable efforts to sell or cause to be sold the Cargo Shortfall Quantity (whether as LNG or Gas) to a Third Party or multiple Third Parties through one or more sales (each such sale, a “Mitigation Sale”) generating a Mitigation Sale Payment.

• If the Tellurian Partnership Buyer accepts such offer, then Buyer shall pay the Cargo Shortfall Payment in accordance with Section 10.2.4, and upon receipt of a payment from the Tellurian Partnership Buyer of the Final Transfer Price for the Cargo Shortfall Quantity, Seller shall, within ten (10) Days of Seller’s receipt of a payment from the Tellurian Partnership Buyer for the Cargo Shortfall Quantity, refund to Buyer an amount equal to such payment, not to exceed the Cargo Shortfall Payment.

More Definitions of Cargo Shortfall Quantity

Cargo Shortfall Quantity as defined in Section 5.5.2; CCLNG: as defined in the Preamble; Claim: all claims, demands, legal proceedings, or actions that may exist, arise, or be threatened currently or in the future at any time following the Effective Date, whether or not of a type contemplated by any Party, and whether based on federal, state, local, statutory or common law or any other Applicable Law; Composite ADP: as defined in Section 8.2.4;