Under Acceptance definition
Under Acceptance. If in respect of a Time Unit and a TTF Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation an amount equal to: the amount, if positive, by which the Contract Price exceeds the Sell Price calculated for such Time Unit multiplied by the Default Quantity; plus the Linepack Flexibility Service Charge multiplied by the Default Quantity.