Dedications and Commitments Clause Samples
The Dedications and Commitments clause outlines the specific resources, efforts, or obligations that a party agrees to provide or uphold under the agreement. This may include dedicating personnel, equipment, time, or financial resources to a project, or committing to certain performance standards or milestones. By clearly specifying these dedications and commitments, the clause ensures that both parties understand their responsibilities, thereby reducing the risk of misunderstandings and helping to keep the project or relationship on track.
Dedications and Commitments. 3.1. Each Month, AES shall deliver volumes of Crude Petroleum for transloading utilizing the Skid Loader situated at the Big Horn Transloading Facility equal to at least the Minimum Volume Commitment or, in the event that AES fails to do so, shall remit to ▇▇▇▇▇▇ the Monthly Shortfall Payment.
3.2. AES may request that volumes of Crude Petroleum in excess of the Minimum Volume Commitment be transloaded by ▇▇▇▇▇▇ utilizing the Skid Loader (“Excess Volumes”). To the extent ▇▇▇▇▇▇ has then uncommitted, available capacity at the Skid Loader, ▇▇▇▇▇▇ shall use reasonable efforts to transload any Excess Volumes that AES may request be transloaded but shall not be obligated to do so. Any such Excess Volumes transloaded by ▇▇▇▇▇▇ utilizing the Skid Loader shall be transloaded at the rates specified in Section 4.1 below.
3.3. Except during a Force Majeure event or a temporary shutdown of the Big Horn Transloading Facility and/or the Skid Loader for testing, maintenance or repair, ▇▇▇▇▇▇ agrees to maintain and operate the Skid Loader so that the actual operating capacity of the Skid Loader for transloading of Crude Petroleum equals or exceeds 380 Barrels per hour (the “Minimum Capacity”).