Replacement Fuel definition
Examples of Replacement Fuel in a sentence
If Fuel Manager determines it is not able to acquire Replacement Fuel, Fuel Manager shall promptly notify Owner and prepare and submit to Owner a plan to address such unavailability of Replacement Fuel.
Fuel Manager shall promptly notify Owner after Fuel Manager's acquisition, as agent of Owner, of Replacement Fuel pursuant to this Section 2.05 and the price of such Replacement Fuel.
If Seller desires to deliver Replacement Fuel, Seller shall notify Buyer no later than five (5) days prior to the applicable scheduled delivery of Renewable ATJ hereunder that Seller is electing to deliver Replacement Fuel.
Fuel Manager shall seek to locate and acquire Replacement Fuel under substantially similar terms and conditions and with equivalent economic ramifications to Owner as those applicable to the lost Gas supply, but if it is unable to do so, Fuel Manager shall nevertheless use commercially reasonable efforts to locate and acquire other Replacement Fuel.
Fuel Manager shall seek to locate and acquire Replacement Fuel under substantially similar terms and conditions and with equivalent economic ramifications to Owner as those applicable to the lost Gas and Oil supply, but if it is unable to do so, Fuel Manager shall nevertheless use commercially reasonable efforts to locate and acquire other Replacement Fuel.
Fuel Manager shall, as agent for Owner, use commercially reasonable efforts to minimize the cost of Replacement Fuel by choosing among available Replacement Fuel supplies that which is most cost-efficient, taking into consideration dependability, safety, transportation cost, and the anticipated extent and duration of the interruption in supply of the Gas or Oil that would have been provided under the existing arrangements.
If, on any Day, Seller fails to deliver Base Gas nominated by Buyer for any reason other than force majeure or pursuant to Section 7.2, Seller shall indemnify Buyer against all incremental costs and expenses reasonably incurred by Buyer to obtain Replacement Fuel, all Unrecovered Transportation Demand Charges, and all Buyer’s Pipeline Penalties imposed by Buyer’s Transporters as a result of Seller’s failure to deliver, calculated at Buyer’s Plant, (the “Indemnity Amount”).
The Price for any Replacement Fuel shall be the same price as set forth in Section 8.1 with respect to Renewable ATJ.
Buyer shall use reasonable efforts to mitigate costs for which Seller is responsible, and without limitation, Buyer shall use reasonable efforts to utilize Replacement Fuel which will minimize the Indemnity Amount.
In the event that Seller does not have Renewable ATJ available for delivery hereunder, Seller may provide Buyer with Replacement Fuel.