Annual Contracted Quantity (ACQ) Sample Clauses
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Annual Contracted Quantity (ACQ). 4.1.1 The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser till the normative date of production or the actual date of production, whichever is earlier, shall be [•] lakh tonnes per Year from the Seller’s mines and/ or from import., as per Schedule I. After the Normative Date of production or the actual date of production , the ACQ shall taper to 75% of the ACQ in the first 12 months (1st year), then to 50% of the ACQ in the next 12 months (2nd year) and 25% of the ACQ in the next 12 months (3rd year) i.e the last year of the tapering linkage period subject to the ceiling of quantities approved by Ministry of Coal/ Coal Controller’s Organization as mentioned in Annexure-A and Schedule-I. For part of Year, during the above period the ACQ shall be prorated accordingly. The ACQ shall be in the proportion of the percentage of Generation covered under long term Power Purchase Agreement(s) executed by the Purchaser with the DISCOMs either directly or through PTC(s) who has/ have signed back to back long term PPA(s) with DISCOMs. Whenever, there is any change in the percentage of PPA(s), corresponding change in ACQ shall be effected through a side agreement. Such changes shall be allowed to be made only once in a year and shall be made effective only from the beginning of the next quarter. However, in no case ACQ should exceed the LOA quantity subject to ceiling of quantity entitled during the tapering period.
4.1.2 The Purchaser shall in advance under the Schedule I provide firm annual coal requirement for the initial years required for phasing of the Power Plant after the completion of Build-Up Period, quantities subject to maximum of Annual
1.1. Such quantities shall be considered binding and deemed to be Annual Contract Quantities for the respective years and be used for provisions under this Agreement.
4.1.3 It is expressly clarified that the Annual Contracted Quantity (ACQ) shall be valid for each Power Station (EUP) separately, as mentioned in Schedule I, and all the provisions of this Agreement related to ACQ shall be applicable mutatis mutandis.
Annual Contracted Quantity (ACQ). The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser, shall be lakh tonnes per Year from the Seller’s mines in the coal field and/ or from international sources. For part of Year, the ACQ shall be prorated accordingly.
Annual Contracted Quantity (ACQ). The quantity of coal agreed to be supplied/received during the year as per the terms of the Agreement.
Annual Contracted Quantity (ACQ). 3.1.1 The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser, shall be lakh tonnes per Year from the Seller’s mines and/ or from import., as per Schedule I. For part of Year, the ACQ shall be prorated accordingly. The ACQ shall be in the proportion of the percentage of Generation covered under long term Power Purchase Agreement(s) executed by the Purchaser with the DISCOMs either directly or through PTC(s) who has/have signed back to back long term PPA(s) with DISCOMs . Whenever, there is any change in the percentage of PPA(s), corresponding change in ACQ shall be effected through a side agreement. Such changes shall be allowed to be made only once in a year and shall be made effective only from the beginning of the next quarter. However, in no case ACQ should exceed the LOA quantity as mentioned in Schedule-I.
3.1.2 The Purchaser shall in advance under the Schedule I provide firm annual coal requirement for the initial years required for phasing of the Power Plant after the completion of Build-Up Period, quantities subject to maximum of Annual Contract Quantity mentioned under Clause 3.
1.1. Such quantities shall be considered binding and deemed to be Annual Contract Quantities for the respective years and be used for provisions under this Agreement.
3.1.3 It is expressly clarified that the Annual Contracted Quantity (ACQ) shall be valid for each Power Station separately, as mentioned in Schedule I, and all the provisions of this Agreement related to ACQ shall be applicable mutatis mutandis.
Annual Contracted Quantity (ACQ). The Annual Contract Quantity of coal agreed to be supplied shall be ………. lakh tones per Operating Year of 12 calendar months provided that where the period of operation of the Mine is less than 12 months following the date of Actual Commissioning, the Annual Contract Quantity shall be prorated accordingly. However, till such time the actual commissioning of the Mine takes place (i.e. 85% of the Mines capacity is achieved) the quantity of coal produced from the Mine and supplied shall be treated as annual contract quantity for the period but no compensation or incentive shall be payable or receivable during the period.
3.1.1 It is expressly clarified that the Annual Contracted Quantity (ACQ) shall be valid for each Power Station separately, as mentioned in Schedule I, and all the provisions of this Agreement related to ACQ shall be applicable mutatis mutandis.
3.1.2 The Seller shall and deliver to the Purchaser, and the Purchaser shall purchase and pay for Coal in the quantities and having the qualities as required hereby, upon the terms and conditions set out in this Agreement.
3.1.3 Disposal of stock at purchaser's risk.
Annual Contracted Quantity (ACQ). 4.1.1 The Annual Contract Quantity of coal agreed to be supplied shall be ……. lakh tonnes per Operating Year of 12 calendar months provided that where the period of operation of the Mine is less than 12 months following the date of Actual Commissioning, the Annual Contract Quantity shall be prorated accordingly.
4.1.2 However, till such time the actual commissioning of the mine takes place (i.e. 85% of the mines capacity is achieved) the quantity of coal produced from the mine and supplied shall be treated as annual contract quantity for the period but no compensation or incentive shall be payable or receivable during the period.
4.1.3 It is expressly clarified that the Annual Contracted Quantity (ACQ) shall be valid for each Power Station separately, as mentioned in Schedule I, and all the provisions of this Agreement related to ACQ shall be applicable mutatis mutandis.
Annual Contracted Quantity (ACQ). The Corporation shall supply coal as per the coal quantity allotted and made available by coal company and the consumer unit/ purchaser shall purchase the Annual Contracted Quantity of ……….. (ACQ) of ………. tonnes ( ) of Coal per annum, as fixed by Corporation subject to availability with the coal company, and lift the same from the delivery point as fixed by the Corporation. In the event of truncated year, the ACQ shall be prorated accordingly.
Annual Contracted Quantity (ACQ). 4.1.1 The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser, shall be [•] lakh tonnes per Year from the Seller’s mines and/ or through import., as per Schedule I. For part of Year, the ACQ shall be prorated accordingly. The ACQ shall be in the proportion of the percentage of Generation covered under long term Power Purchase Agreement(s) executed by the Purchaser with the DISCOMs . Whenever, there is any change in the percentage of PPA(s), corresponding change in ACQ shall be effected through a side agreement. Such changes shall be allowed to be made only once in a year and shall be made effective only from the beginning of the next quarter. However, in no case ACQ should exceed the LOA quantity.
4.1.2 The Purchaser shall in advance under the Schedule I provide firm annual coal requirement for the initial years required for phasing of the Power Plant after the completion of Build-Up Period, quantities subject to maximum of Annual Contract Quantity mentioned under Clause 4.
1.1. Such quantities shall be considered binding and deemed to be Annual Contract Quantities for the respective years and be used for provisions under this Agreement.
4.1.3 It is expressly clarified that the Annual Contracted Quantity (ACQ) shall be valid for each Power Station separately, as mentioned in Schedule I, and all the provisions of this Agreement related to ACQ shall be applicable mutatis mutandis.
Annual Contracted Quantity (ACQ). The Annual Contracted Quantity of Coal agreed to be supplied by the Seller and undertaken to be purchased by the Purchaser, shall be Thousand tonnes per Year in the following break-up: (i) washed prime Coking Coal = Thousand Tonnes; (ii) washed medium Coking Coal = Thousand Tonnes; and (iii) raw Coking Coal = Thousand Tonnes) for the first Year of this Agreement. The ACQ for each subsequent Year of the Term shall be decided in writing by the Seller in consultation with the Purchaser at least one Month prior to commencement of the concerned Year.
Annual Contracted Quantity (ACQ). The Corporation shall supply coal as per the coal quantity allotted and made available by coal company and the consumer unit/ purchaser shall purchase the Annual Contracted Quantity of 500 MT (ACQ) of tonnes ( Five Hundred) Metric Ton of Coal for FY 2023- 24,and allocation for FY 2024-25 will be fixed after getting allotment from CIL ,also in addition to this quantity will be fixed by Corporation subject to availability with the coal company, and lift the same from the delivery point as fixed by the Corporation. In the event of truncated year, the ACQ shall be prorated accordingly.