Common use of Annual Contracted Quantity Clause in Contracts

Annual Contracted Quantity. 5.1.1 The quantity of the Contracted Grade of Coal agreed to be supplied at the Delivery Point by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point per Year shall be as provided in Annexure III (“Annual Contracted Quantity”). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied as per the provisions of this Clause 5 and Clause 8. 5.1.2 Verification of Coal Requirement: [Delete is not applicable] 5.1.2.1. The Seller / CIL (acting on behalf of the Seller as its duly authorized representative) reserves the right to get the Coal Requirement of the Purchaser verified by the Central Institute of Mining & Fuel Research or any other agency that may be nominated by CIL (“Final Verification Agency”), within 180 (one hundred eighty) days of execution of the Agreement. In case the Purchaser, along with this Agreement, has also entered into other fuel supply agreement(s) with other subsidiary(ies) of CIL (apart from the Seller) for the supply of Coal pursuant to the Scheme Document, then the period of 180 (one hundred eighty) days mentioned above shall commence from the date of execution of this Agreement or such other fuel supply agreement(s), whichever is earlier. 5.1.2.2. In case the Coal Requirement verified by the Final Verification Agency in terms of Clause 5 above is less than the Coal Requirement based on which the Purchaser has been allotted the Annual Contracted Quantity in terms of the Scheme Document, then the Annual Contracted Quantity shall be revised / adjusted in accordance with clause 3.5.2(k) of the Scheme Document, as applicable. 5.1.2.3. The aforesaid revision / adjustment in the Annual Contracted Quantity shall be given effect to during the residual period of the initial 2 (two) years from the date of execution of the Agreement, or from Effective Date of Supply for ‘Production of syn gas leading to coal gasification’ subsector, as the case may be, in accordance with the following illustration and the revised Annual Contracted Quantity will be supplied during the balance term of the Agreement.

Annual Contracted Quantity. 5.1.1 The quantity of the Contracted Grade of Coal agreed to be supplied at the Delivery Point by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point per Year shall be as provided in Annexure III (“Annual Contracted Quantity”). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied from the Effective Date for Supply as per the provisions of this Clause 5 and Clause 8. 5.1.2 Verification of Coal Requirement: [Delete is not applicable] 5.1.2.1. The Seller / CIL (acting on behalf of the Seller as its duly authorized representative) reserves the right to get the Coal Requirement of the Purchaser verified by the Central Institute of Mining & Fuel Research or any other agency that may be nominated by CIL (“Final Verification Agency”), within 180 (one hundred eighty) days of execution of the Agreement. In case the Purchaser, along with this Agreement, has also entered into other fuel supply agreement(s) with other subsidiary(ies) of CIL (apart from the Seller) for the supply of Coal pursuant to the Scheme Document, then the period of 180 (one hundred eighty) days mentioned above shall commence from the date of execution of this Agreement or such other fuel supply agreement(s), whichever is earlier. 5.1.2.2. In case the Coal Requirement verified by the Final Verification Agency in terms of Clause 5 above is less than the Coal Requirement based on which the Purchaser has been allotted the Annual Contracted Quantity in terms of the Scheme Document, then the Annual Contracted Quantity shall be revised / adjusted in accordance with clause 3.5.2(k) of the Scheme Document, as applicable. 5.1.2.3. The aforesaid revision / adjustment in the Annual Contracted Quantity shall be given effect to during the residual period of the initial 2 (two) years from the date of execution of the Agreement, or from Effective Date of Supply for ‘Production of syn gas leading to coal gasification’ subsector, as the case may be, in accordance with the following illustration and the revised Annual Contracted Quantity will be supplied during the balance term of the Agreement.

Annual Contracted Quantity. 5.1.1 5.1.1. The quantity of the Contracted Grade of Coal agreed to be supplied at the Delivery Point by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point shall be [insert figures] ([insert in words]) lakh tonnes per Year shall be as provided in Annexure III (“Annual Contracted Quantity”). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied as per the provisions of this Clause 5 and Clause 8. 5.1.2 Verification of Coal Requirement: [Delete is not applicable] 5.1.2.15.1.2. The Seller / CIL (acting on behalf of the Seller as its duly authorized representative) reserves the right to get the Coal Requirement of the Purchaser verified by the Central Institute of Mining & Fuel Research or any other agency that may be nominated by CIL (“Final Verification Agency”), within 180 (one hundred eighty) days of execution of the Agreement. Agreement.‌ In case the Purchaser, along with this Agreement, has also entered into other fuel supply agreement(s) with other subsidiary(ies) of CIL (apart from the Seller) for the supply of Coal pursuant to the Scheme Document, then the period of 180 (one hundred eighty) days mentioned above shall commence from the date of execution of this Agreement or such other fuel supply agreement(s), whichever is earlier. 5.1.2.25.1.3. In case the Coal Requirement verified by the Final Verification Agency in terms of Clause 5 5.1.2 above is less than the Coal Requirement based on which the Purchaser has been allotted the Annual Contracted Quantity in terms of the Scheme Document, then the Annual Contracted Quantity shall be revised / adjusted in accordance with clause 3.5.2(k) of the Scheme Document, as applicable. 5.1.2.35.1.4. The aforesaid revision / adjustment in the Annual Contracted Quantity shall be given effect to during the residual period of the initial 2 (two) years from the date of execution of the Agreement, or from Effective Date of Supply for ‘Production of syn gas leading to coal gasification’ subsector, as the case may be, in accordance with the following illustration and the revised Annual Contracted Quantity will be supplied during the balance term of the Agreement.

Annual Contracted Quantity. 5.1.1 5.1.1. The quantity of the Contracted Grade of Coal agreed to be supplied at the Delivery Point by the Seller to the Purchaser and undertaken to be purchased by the Purchaser from the Seller at the Delivery Point shall be [insert figures] ([insert in words]) lakh tonnes per Year shall be as provided in Annexure III (“Annual ―Annual Contracted Quantity”Quantity‖). For part of a Year, the Annual Contracted Quantity shall be pro-rated accordingly. The Annual Contracted Quantity shall be supplied as per the provisions of this Clause 5 and Clause 8. 5.1.2 Verification of Coal Requirement: [Delete is not applicable] 5.1.2.15.1.2. The Seller / CIL (acting on behalf of the Seller as its duly authorized representative) reserves the right to get the Coal Requirement of the Purchaser verified by the Central Institute of Mining & Fuel Research or any other agency that may be nominated by CIL (“Final Verification Agency”), within 180 (one hundred eighty) days of from the execution of the Agreement. In Provided that, in case the Purchaser, along with this Agreement, has also entered into other fuel supply agreement(s) with other subsidiary(ies) of CIL (apart from the Seller) for the supply of Coal pursuant to the Scheme Document, then the period of 180 (one hundred eighty) days mentioned above shall commence from the date of execution of this Agreement or such other fuel supply agreement(s), whichever is earlier. 5.1.2.25.1.3. In case the Coal Requirement verified by the Final Verification Agency in terms of Clause 5 above 5.1.2above, is less than than, the Coal Requirement based on which the Purchaser has been allotted the Annual Contracted Quantity in terms of the Scheme Document, then the Annual Contracted Quantity shall be revised / adjusted in accordance with clause 3.5.2(k) of the Scheme Document, as applicable. 5.1.2.35.1.4. The aforesaid revision / adjustment in the Annual Contracted Quantity shall be given effect to during the residual period of the initial 2 (two) years from the date of execution of the Agreement, or from Effective Date of Supply for ‘Production of syn gas leading to coal gasification’ subsector, as the case may be, in accordance with the following illustration and the revised Annual Contracted Quantity will be supplied during the balance term of the Agreement.