Examples of High Hazard Fuel in a sentence
A new Section 6.4 is added: 6.4 Adjustments of Invoices after Fuel Switch Effective Date If Seller meets the minimum High Hazard Fuel requirement at the end of a calendar year, after the Fuel Switching Effective Date (pursuant to Section 3.10(d), Seller will adjust the Invoice for every month of the calendar year to reflect the Contract Price (pursuant to Section 4.1(a)).
The percentage of High Hazard Fuel Use will be demonstrated annually based on Seller’s Quarterly Fuel Attestations as calculated in Appendix B.
If Seller has demonstrated it has met the prior year’s Minimum Percentage, then payment for that calendar year will be adjusted as described in Section 6.4, and payments for the current and future years will be at the Contract Price as long as Project’s High Hazard Fuel Use meets Minimum Percentage requirements.
If Seller fails to meet Minimum High Hazard Fuel Requirements and theFuel Switching provision in Section 3.10(d) has been invoked a second time, the Contract Price shall be revised to the Amended Price for the remainder of the Delivery Term.
The percentage of High Hazard Fuel Use during the Calendar Quarter is [insert percentage].
Buyer may reasonably rely on Seller’s properly completed and timely submitted Quarterly Fuel Attestations as evidence of Seller’s compliance with the applicable High Hazard Fuel requirements.
Project’s High Hazard Fuel Use must meet minimum percentages, as measured pursuant to Appendix B, shall be: 40% in 2016, 50% in 2017, 60% in 2018, 80% in 2019, and 80% for each subsequent year (“Minimum Percentage”).
A new Section 6.3 is added: 6.3 Adjustments of Invoices for Failure to Meet Minimum Percentage If Seller fails to meet the minimum High Hazard Fuel requirement at the end of the calendar year, Buyer will adjust the Invoice for every month of the calendar year to reflect the Amended Price.
If Seller has not submitted a Quarterly Fuel Attestation by January 30th of the next calendar year, or within 60 days after Fuel Switch Effective Date, Seller shall be deemed to have used zero percent (0%) High Hazard Fuel during such Calendar Quarter.
If the Seller elects a higher percentage High Hazard Fuel in the Cover Sheet, the percentages in the preceding are to be replaced with the percentages Seller entered in the Cover Sheet.