SUMF definition

SUMF means the site services, utilities, materials and facilities to be supplied under this Agreement;
View Source
SUMF means the site services, utilities, materials and facilities to be supplied under this Agreement; “SUMF Assets” means those assets (including all ancillary equipment specifically attributable to these assets and excluding common facilities used for other purposes) of the Supplier directly or indirectly used in the provision of SUMF; “SUMF Charge(s)” or “Charge(s)” means the charge(s) to be paid by the Purchaser to the Supplier for each SUMF Item in accordance with Article 5 and Article 6; “SUMF Item” or “Item of SUMF” means any part of SUMF; “Supplier” means the party who supplies or operates a particular SUMF Item; “Tax” means all forms of taxation, duties, levies, imposts and other similar impositions of any jurisdiction (whether central, regional or local), and any payment which a Party may be or become bound to make to any tax authority as the result of the operation of any enactment or other law relating to any of them or resulting from failure to comply with the provisions of any law relating to any of them; “Third-Party” means any person or company other than the Supplier, the Purchaser or their respective Affiliates; “Third -Party Claim” means any claim for Loss or Damage initiated by a Third Party against an Indemnified Party; “USD” or “US$” or “$” or “US Dollar(s)” or “Dollar(s)” means US Dollar, the lawful currency of the United States of America; “User” or "Users" means any company, entity, division, or business unit (including divisions and business units of the Supplier and its Affiliates) to which SUMF or its equivalent is furnished by the Supplier at the Site; “Variable Costs” means those operating costs, without duplication of any Direct Site Cost, incurred at the Site by Supplier in providing SUMF which vary primarily based on consumption, usage or production, and which charges are reconcilable with the cost accounting system of the Supplier existing as of the Effective Date and as from time to time modified by Supplier (if applied to the entire Site), including the costs of air, cooling water, fuel, nitrogen, process materials, steam and applicable taxes, but not depreciation; and “Willful Misconduct” means an intentional act or omission which is in disregard of (a) a known risk or a risk so obvious that it cannot be said one was truly unaware of it and (b) a risk so great that it is highly probable that harm will follow.
View Source
SUMF means the site services, utilities, materials and facilities to be supplied under this Agreement; “SUMF Assets” means those assets of the Supplier directly used in the provision of SUMF;
View Source

Examples of SUMF in a sentence

  • The Annual Service Fee with respect to such Additional SUMF Items may be increased in accordance with Article 4 of this Agreement.

  • However, nothing in this Article 8 shall permit the Supplier to curtail any SUMF Item based upon its business considerations.

  • The SUMF Charge for each SUMF Item shall in turn be broken down in sufficient detail as the Purchaser may reasonably request and as the Supplier can reasonably provide.

  • The Purchaser shall also bear any increase in the cost of providing a SUMF Item which results from a change in law.

  • In the event a conflict between the terms and conditions contained in the Throughput Agreement or the other Ancillary Agreements and this Agreement arises in connection with any matter pertaining to the provision of the SUMF Items, the terms and conditions contained in the Throughput Agreement will govern.

  • The Monitoring Committee shall review the performance of the Parties in the provision and receipt of SUMF Items under this Agreement and shall consider any proposed improvement plans.

  • Except as otherwise provided in Schedule 2, the Purchaser shall purchase the amounts of each SUMF Item up to its Firm Capacity Reservation until termination of the supply of such SUMF Item in accordance with the provisions of this Agreement or the relevant Schedule.

  • The Supplier shall take such Reasonable Actions within its control so as to minimise the impact to the Purchaser of any planned turnaround, shutdown, major technical project, capital expenditure and any other major event which may adversely impact the supply of any SUMF Item, without prejudice to health, safety and environmental standards.

  • Article 10 provides specific termination provisions for Long Term SUMF Items.

  • Article 10 provides specific termination provisions for Short Term SUMF Items.