Excuse Event definition
Excuse Event shall have the meaning given in Section 4.4
Examples of Excuse Event in a sentence
The term “Annual Nomination” as used in this Agreement shall reflect any reduction in effect from time to time to account for an Excuse Event.
Buyer may revise the Annual Nomination within the limits, and in accordance with the notification requirements, for Tonnage Variations specified in Section 4.3 and the Annual Nomination shall be revised to reflect any reduced deliveries due to an Excuse Event.
In the case of an Excuse Event, Buyer’s Carbon Purchase Commitment shall be equitably reduced to account for such event provided, however, that in the event an Excuse Event leads to termination of this Agreement in accordance with its terms, the Carbon Purchase Commitment will terminate upon such termination.