Contracted Quantity definition
Examples of Contracted Quantity in a sentence
For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly.
Schedule - I - Annual Contracted Quantity (ACQ) Schedule - II - Quality of Coal Schedule - III - Bank Guarantee format for Security Deposit Schedule - IV - Bank Guarantee format for Financial Coverage against Coal Supplies.
The Annual Contracted Quantity shall be supplied as per the provisions of this Clause 5 and Clause 8.
Such Supply Plan shall include the Qualifying Capacity for each PDR identified by Seller pursuant to Section 1.4(a)(i), the sum of which shall not exceed the Monthly Contracted Quantity.
The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser, shall be lakh tonnes per Year from the Seller’s mines in the coal field and/ or from international sources.
The amount of Performance Security is and shall continue to be for a value computed as per the following formula: In the event of any adjustment in the Annual Contracted Quantity in accordance with Clause 5.2, the amount of Performance Security shall not be revised.
The amount of Performance Security is and shall continue to be for a value computed as per the following formula: If the Annual Contracted Quantity comprises coal from multiple Lots, the Performance Security shall be computed on the basis of respective quantities, corresponding Notified Prices and Winning Premiums for each Lot.
Seller will not use, grant, pledge, assign, or otherwise commit any Monthly Contracted Quantity to meet the RAR, Local RAR, and/or Flexible RAR, as applicable, or confer Resource Adequacy Benefits of the Product upon, any entity other than Buyer during the Delivery Period.
Following such Capacity Attribute Reduction Notice, the Contracted Quantity shall automatically be reduced proportionately with the total reduction in the amount of Capacity Attributes that can be derived from the Project for the remainder of the Delivery Term without further need for the Parties to amend this Agreement.
During the Delivery Period, Seller shall sell and deliver, and Buyer shall purchase and receive, the Product as indicated in Table 1.1(b) in the amount of the Monthly Contracted Quantity, as indicated in Exhibit B, subject to and in accordance with the terms and conditions of this Agreement.