Common use of FACILITIES / BENEFITS FOR MOU CUSTOMERS Clause in Contracts

FACILITIES / BENEFITS FOR MOU CUSTOMERS. I. ELIGIBILITY CRITERIA A. To continue to get benefits under the Annual MOU Scheme: (i) The customer should fulfill the eligibility criteria for monthly MOU reward at least 4 times in each half of the financial year and 8 times in total. (ii) The customer should achieve minimum 90% of the signed quarterly quantity of 1st & 2nd Quarter put together. (iii) The customer should lift the agreed Annual MOU quantity in the MOU period of 2021-22. The customer should fulfill all the above criteria for availing Annual MOU reward. However, if any Annual MOU customer fails to meet the criteria as above, the customer would not be entitled to get Annual MOU reward but shall continue to be a MOU customer. For Quarterly MOU Reward (i) Eligibility for fulfilling Quarterly MOU quantity for 1st Quarter (April – June 2021) only: The customers who lift minimum 80% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. (ii) For the balance three quarters of the MOU period, i.e., 2nd Quarter (July-September 2021), 3rd Quarter (October-December 2021) and 4th Quarter (January-March 2022): The customers who lift minimum 90% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. For Monthly MOU Reward (i) Eligibility for fulfilling Monthly MOU quantity for April 2021 only: Partial lifting of MoU Quantity during April 2021 shall not be considered as failure. All customers having lifting >1 MT during April 2021 shall be eligible for monthly MOU reward for actual lifted quantity as per their signed MoU slab.

Appears in 1 contract

Samples: Memorandum of Understanding

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FACILITIES / BENEFITS FOR MOU CUSTOMERS. I. ELIGIBILITY CRITERIA A. To continue to get benefits under the Annual MOU Scheme: (i) The customer should fulfill the eligibility criteria for monthly MOU reward at least 4 times in each half of the financial year and 8 times in total. (ii) The customer should achieve minimum 90% of the signed quarterly quantity of 1st & 2nd Quarter put together. (iii) The customer should lift the agreed Annual MOU quantity in the MOU period of 20212020-2221. The customer should fulfill all the above criteria for availing Annual MOU reward. However, if any Annual MOU customer fails to meet the criteria as above, the customer would not be entitled to get Annual MOU reward but shall continue to be a MOU customer. For Quarterly MOU Reward (i) Eligibility for fulfilling Quarterly MOU quantity for 1st Quarter (April May – June 20212020) only: The customers who lift minimum 80% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. (ii) For the balance three quarters of the MOU period, i.e., 2nd Quarter (July-September 20212020), 3rd Quarter (October-December 20212020) and 4th Quarter (January-March 20222021): The customers who lift minimum 90% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. For Monthly MOU Reward (i) Eligibility for fulfilling Monthly MOU quantity for April 2021 May 2020 only: Partial lifting of MoU Quantity during April 2021 May 2020 shall not be considered as failure. All customers having lifting >1 MT during April 2021 May 2020 shall be eligible for monthly MOU reward for actual lifted quantity as per their signed MoU slab.

Appears in 1 contract

Samples: Memorandum of Understanding

FACILITIES / BENEFITS FOR MOU CUSTOMERS. I. ELIGIBILITY CRITERIA A. To continue to get benefits under the Annual MOU Scheme: (i) The customer should fulfill the eligibility criteria for monthly MOU reward at least 3 times during the period May-Sep 2020 and at least 4 times in each half of during the financial year and 8 period Oct 2020-Mar 2021 (7 times in totaltotal during the 11-month MoU period). (ii) The customer should achieve minimum 9070% of the signed quarterly quantity of 1st & 2nd Quarter put together. (iii) The customer should lift the agreed Annual MOU quantity in the MOU period of 20212020-22. The customer should fulfill all the above criteria for availing Annual MOU reward. However, if any 21. (iv) Once an Annual MOU customer fails to meet the criteria as above, the customer would not be entitled to get Annual MOU reward but shall continue automatically cease to be a MOU customercustomer and would not be entitled for any benefit under the scheme thereafter. For Quarterly MOU Reward (i) Eligibility for fulfilling Quarterly MOU quantity for 1st Quarter (April May – June 20212020) only: The customers who lift minimum 8050% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. (ii) For the balance three quarters of the MOU period, i.e., 2nd Quarter (July-September 20212020), 3rd Quarter (October-December 20212020) and 4th Quarter (January-March 20222021): The customers who lift minimum 90% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. For Monthly MOU Reward (i) Eligibility for fulfilling Monthly MOU quantity for April 2021 May 2020 only: Partial lifting of MoU Quantity during April 2021 May 2020 shall not be considered as failure. All customers having lifting >1 MT during April 2021 May 2020 shall be eligible for monthly MOU reward for actual lifted quantity as per their signed MoU slab.

Appears in 1 contract

Samples: Memorandum of Understanding

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FACILITIES / BENEFITS FOR MOU CUSTOMERS. I. ELIGIBILITY CRITERIA A. To continue to get benefits under the Annual MOU Scheme: (i) The customer should fulfill the eligibility criteria for monthly MOU reward at least 4 times in each half of the financial year and 8 times in total. (ii) The customer should achieve minimum 90% of the signed quarterly quantity of 1st & 2nd Quarter put together. (iii) The customer should lift the agreed Annual MOU quantity in the MOU period of 2021-22. The customer should fulfill all the above criteria for availing Annual MOU reward. However, if any . (iv) Once an Annual MOU customer fails to meet the criteria as above, the customer would not be entitled to get Annual MOU reward but shall continue automatically cease to be a MOU customercustomer and would not be entitled for any benefit under the scheme thereafter. For Quarterly Reward MOU Reward (i) Eligibility for fulfilling Quarterly MOU quantity for 1st Quarter (April – June 2021) only: The customers who lift minimum 80% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. (ii) For the balance three quarters of the MOU period, i.e., 2nd Quarter (July-September 2021), 3rd Quarter (October-December 2021) and 4th Quarter (January-March 2022): The customers who lift minimum 90% of signed quarterly MOU quantity shall be eligible for quarterly MOU reward. Shortfall up to 10 MT in achieving 100% of signed quarterly MOU quantity shall not be considered as failure. For Monthly Reward MOU Reward (i) Eligibility for fulfilling Monthly MOU quantity for April 2021 only: Partial lifting of MoU Quantity during April 2021 shall not be considered as failure. All customers having lifting >1 MT during April 2021 shall be eligible for monthly MOU reward for actual lifted quantity as per their signed MoU slab.

Appears in 1 contract

Samples: Memorandum of Understanding

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