Non-Firm definition

Non-Firm means, with respect to a Transaction, that delivery or receipt of the Product may be interrupted for any reason or for no reason, without liability on the part of either Party.
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Non-Firm means, with respect to a Transaction, that delivery or receipt of Energy may be interrupted for any reason, without liability by either Party, including, without limitation, price fluctuations.
Non-Firm price means all prices other than “firm” prices; “non-responsive bidder” a potential bidder who does not meet the require- ments of a responsive bidder; “ownership” having all customary characteristics of ownership, in- cluding the right of disposition, and sharing all the risks and profits commensurate with the degree of ownership interests as demonstrated by an examina- tion of the substance, rather than the form, of owner-ship arrangements; “organ of state” in terms of Preferential Procurement Policy Frame- work Act 5 of 2000a) a national or provincial department as defined in the Public Finance Management Act No.1 of 1999 (PFMA);b) a municipality as contemplated in the Constitu- tion;c) Parliament;d) A provincial legislature; ande) A constitutional institution listed in Schedule 1 of the PFMAf) any other institution or category of institutions in- cluded in the definition of ‘‘organ of state’’ in sec- tion 239 of the Constitution and recognized by the Minister by notice in the Government Gazette; “payment” Payment shall be made within 30 days of receipt of the supplier statement, provided the statement is cor- rect and received before the end of the month, includ- ing any tax invoice for which payment is required and reflected on the statement referred to herein which was also received by no later than the end of the month “people with disabilities” In term of the Employment Equity Act No. 55 of 1998, people with disabilities are people who have a long- term or recurring physical or mental impairment which substantially limits their prospects of entry into, or ad- vancement in, employment; “person” a natural or juristic/ legal person; “PPPFA” the Preferential Procurement Policy Framework Act, 2000, to give effect to section 217(3) of the Constitu- tion by providing a framework for the implementation of the procurement policy contemplated in section217(2) of the Constitution; and to provide for matters connected therewith. “preferential procurement” The preferential procurement element of the BBBEE scorecard measures that extent to which a company or person purchases its qualifying goods or supplies from BBBEE compliant suppliers as evidenced by the BBBEE scorecard rating of the supplier “pre-qualification of bidders” screening of potential contractors, suppliers, or ven- dors (on the basis of factors such as experience, man-agerial ability, technical know-how, reputation, work

Examples of Non-Firm in a sentence

MBD 3.1 Pricing schedule – Firm Prices (purchases) 45MBD 3.2 Pricing schedule – Non-Firm Prices (purchases).

Firm Point-To-Point Transmission Service will always have a reservation priority over Non-Firm Point-To-Point Transmission Service under the Tariff.

The sum of all Firm and Non-Firm Point-to-Point Transmission Service provided to the Transmission Customer at any time pursuant to this section shall not exceed the Reserved Capacity in the relevant Service Agreement under which such services are provided.

Firm Point-to-Point Transmission Service will always have a reservation priority over Non-Firm Point-to-Point Transmission Service under the Tariff.

If the alternative approach solely involves Non-Firm Point-to- Point Transmission Service, the Transmission Provider shall promptly tender a Service Agreement for Non-Firm Point-to-Point Transmission Service providing for the service.


More Definitions of Non-Firm

Non-Firm means the required level of supply can be met after post-contingent operation (that is, allows for interruption).
Non-Firm means with respect to a Transaction, unless otherwise set forth in a Transaction Agreement signed by both Parties, that delivery or receipt of Power may be interrupted for any reason, without liability by either Party, including, without limitation, price fluctuations.
Non-Firm means there is a time lag between a failure of a transmission line or transformer at an exit point and the commencement of operation of the redundant asset (such as a back-up generator). That time lag leads to the loss of supply for customers connected to the exit point, until such time as the back-up supply is operational.
Non-Firm means, with respect to Quotations in an Eligible Options Class, that members of a Participant are relieved of their obligations under that Participant's firm quote rule in that Eligible Options Class.
Non-Firm means Seller has agreed to sell and Buyer has agreed to purchase energy from Seller’s Generating Facility at the Delivery Point that is subject to interruption in accordance with the provisions of this Agreement and any applicable Confirmation.
Non-Firm means that a party must use commercially reasonable efforts to provide service up to the quantity designated in this Agreement as "Non-Firm," and there is no penalty associated with a party's failure or inability to provide Non-Firm service; provided, once agreed upon and scheduled, Non-Firm quantities may only be interrupted without penalty if due to Nicor's inability to provided transportation and/or storage services under the Nicor T&B Agreement or for reasons of Force Majeure.
Non-Firm means, with respect to a Transaction, that delivery or receipt of Energy may be interrupted for any reason, without liability by either Party, including, without limitation, price fluctuations. 12 "PENALTIES" shall mean any costs, charges and/or penalties that are imposed by a Utility, Transmission Provider, and/or other persons in the event Seller fails to schedule or Buyer fails to receive amounts of Energy that the Parties agreed to schedule and receive under a Firm Transaction, expressly including any actual excess costs of Energy incurred by Buyer or Seller as a result thereof, whether such costs are incurred from the applicable Utility, Transmission Provider or another Energy provider, including losses due to Utility or Transmission Provider cash outs or excess Energy purchases.