Minimum Guaranteed Quantity definition

Minimum Guaranteed Quantity as defined in Clause 8.1.
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Minimum Guaranteed Quantity means the minimum quantity of Bhang, country liquor or foreign liquor, as the case may be fixed by the Licensing Authority, if any guaranteed by the auction purchaser to be lifted by him from the licenced excise bonded ware-house or otherwise as specified by the Excise Commissioner, for the purpose of being sold by retail in his shop or group shops during the excise year or part of the excise year for which he has obtained the licence, sohowever, that the total minimum guaranteed quantity for the district shall not be less than the quantity fixed by the Excise Commissioner for the whole district.
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Minimum Guaranteed Quantity means the minimum quantity of country liquor as defined in Rule 2(f) of the U.P. Settlement of Country Liquor Licences (Tender-cum-Auction) Rules , 1985.
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Examples of Minimum Guaranteed Quantity in a sentence

  • Corporation hereby assures First Party that, from the Date of Commissioning and subject to the provisions of this Agreement and delivery of the required MSW by First Party, the Plant shall be able to accept for processing a minimum of Four Thousand Nine Hundred (4,900) tons of First Party MSW per week ("Minimum Guaranteed Quantity").

  • The overall Contract Term shall be extended by the period that the performance of the Contract was prevented or delayed by the occurrence of the Force Majeure Event, such that Vale shall comply with their obligation to tranship and pay Tariff upon the Minimum Guaranteed Quantity over the full Contract Term.

  • Where cargo transhipment operations have not been able to take place at the New Facility and/or Vale has been unable to supply Cargo due to Force Majeure Event(s) properly declared in accordance with Clause 15, the obligation of transhipment and payment of the Minimum Guaranteed Quantity under this Contract shall be suspended for the duration of such Force Majeure Event and there shall be a pro rata adjustment in the Minimum Guaranteed Quantity relating to said Year of Contract.

  • Navios and Vale further agree that the payment of such liquidated damages represents reasonable compensation for the loss incurred by Navios due to Vale’s failure to comply with its obligation to tranship and pay the Tariffs upon the Minimum Guaranteed Quantity.