Minimum Guaranteed Throughput definition

Minimum Guaranteed Throughput shall have the meaning ascribed to it in Article7.1(A) (xiii).
View Source

Examples of Minimum Guaranteed Throughput in a sentence

  • Any decrease / increase in the actual volume of business (measured in terms of TEU) as compared to the Minimum Guaranteed Throughput (MGT) for a quarter shall be adjusted in the subsequent quarter of that respective financial year.

  • Failure to achieve Minimum Guaranteed Throughput for a consecutive period of 3 years will lead to termination of this Agreement and forfeiture of Performance Guarantee.

  • If the Annual Minimum Guaranteed Throughput is not achieved, the Competent Authority will constitute a committee to analyze the reasons for the shortfall.

  • If the Actual Throughput for any Lease Year is less than the Minimum Guaranteed Throughput for that Lease Year, Lessee agrees to make a Wharfage Deficit Payment to the Authority equal to the product of (A) the number of Tons by which the Minimum Guaranteed Throughput for such Lease Year exceeds the Actual Throughput for such Lease Year, multiplied by (B) the Authority’s Wharfage Rate for Dry Bulk Cargo on the last day of such Lease Year.

  • The Annual Base Rent and the Minimum Guaranteed Throughput shall be abated for each day ▇▇▇▇▇▇ is unable to use the Cargo Dock as a result of the destruction or damage unless the destruction or damage was caused by the sole negligence of Lessee.

  • If the Annual Minimum Guaranteed Throughput is not achieved, the Competent Authority will constitute a committee to analyse the reasons for the shortfall.