Failure of Delivery or Receipt; Transportation and Balancing Sample Clauses

Failure of Delivery or Receipt; Transportation and Balancing. (a) Without prejudice to Articles V and VI, if as a result of Force Majeure (i) the Seller does not or is unable to meet its delivery obligation in respect of a Delivery Month at the Delivery Points or at a mutually satisfactory comparable delivery point or points (in which case the Seller shall be deemed the "Responsible Party"), or (ii) Purchaser does not or is unable to meet its obligation to accept delivery in respect of a Delivery Month at the Delivery Points or at a mutually satisfactory comparable delivery point or points (in which case the Purchaser shall be deemed the "Responsible Party"), then the Seller and the Purchaser shall be excused from their respective obligations to deliver and accept the relevant Required Delivery Quantity in respect of that Delivery Month, and the Seller shall pay to the Purchaser, as liquidated damages, the Replacement Value of the Deficiency Quantity of Natural Gas in respect of that Delivery Month. The Replacement Value shall be paid to the Purchaser no later than the later to occur of (A) the Payment Date next following such Delivery Month or (B) in the event the Seller was the Responsible Party, no later than 15 Business Days following the receipt by the Seller of the certificate of the Purchaser setting forth the calculation of the Replacement Value accompanied by reasonably available back-up documentation therefor, and the Purchaser will be required to accept such payment in lieu of Natural Gas not delivered in such Delivery Month. Where the Seller does not or is unable to meet its delivery obligation as aforesaid, each party shall use all reason­able efforts to minimize the Replacement Value of any Deficiency Quantity. Where the Purchaser does not or is unable to meet its acceptance obligation as aforesaid, each party shall use all reasonable efforts to maxi­mize the Replacement Value of any Deficiency Quantity. If the Replacement Value is based on the price the Purchaser pays to replace the Deficiency Quantity, the Purchaser shall prepare and deliver to the Seller, or if the Replacement Value is based on the price the Seller receives for the Deficiency Quantity, the Seller shall prepare and deliver to the Purchaser, within five Business Days after the end of the applicable Delivery Month, a certificate setting out the calculation of the Replacement Value accompanied by reasonably available back-up documentation therefor. Any such certificate shall, absent manifest error, be conclusive evidence of the amount du...
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Failure of Delivery or Receipt; Transportation and Balancing. (a) (i) Without prejudice to Articles V and VI, if as a result of an event of Force Majeure, Seller is unable to meet its delivery obligation in respect of a Delivery Month at the Delivery Points (or at a mutually satisfactory comparable delivery point or points under Section 2.05), then Seller shall pay to Purchaser, as liquidated damages, the Replacement Value of the Deficiency Quantity in respect of that Delivery Month. The Replacement Value shall be paid to Purchaser no later than the Payment Date next following such Delivery Month, and Purchaser will accept such payment in lieu of the Deficiency Quantity for such Delivery Month. Where Seller is unable to meet its delivery obligation as aforesaid, Purchaser shall use all reasonable efforts to minimize the Replacement Value of any Deficiency Quantity and Purchaser shall prepare and deliver to Seller, within five (5) Business Days after the end of the applicable Delivery Month, a certificate setting out the calculation of the Replacement Value accompanied by reasonably available back-up documentation therefor. Any such certificate shall, absent manifest error, be conclusive evidence of the amount due in respect of the Replacement Value. Seller shall notify Purchaser as soon as possible of any anticipated inability to perform all or any portion of its obligations hereunder.
Failure of Delivery or Receipt; Transportation and Balancing. (a) Without prejudice to Articles V and VI, if as a result of Force Majeure (i) the Seller does not or is unable to meet its delivery obligation in respect of a Delivery Month at the Delivery Points or at a mutually satisfactory comparable delivery point or points (in which case the Seller shall be deemed the "Responsible Party"), or (ii) Purchaser does not or is unable to meet its obligation to accept delivery in respect of a Delivery Month at the Delivery Points or at a mutually satisfactory comparable delivery point or points (in which case the Purchaser shall be deemed the "Responsible Party"), then the Seller and the Purchaser shall be excused from their respective obligations to deliver and accept the relevant Required Delivery Quantity in respect of that Delivery Month, and the Seller shall pay to the Purchaser, as liquidated damages, the Replacement Value of the Deficiency Quantity of Natural Gas in respect of that Delivery Month. The Replacement Value shall be paid to the Purchaser no la ter than the later to occur of (A) the Payment Date next following such Delivery Month or

Related to Failure of Delivery or Receipt; Transportation and Balancing

  • Company to Provide Copy of the Prospectus in Form That May be Downloaded from the Internet If requested by the Representatives, the Company shall cause to be prepared and delivered, at its expense, within one business day from the effective date of this Agreement, to the Representatives an “electronic Prospectus” to be used by the Underwriters in connection with the offering and sale of the Offered Shares. As used herein, the term “electronic Prospectus” means a form of Time of Sale Prospectus, and any amendment or supplement thereto, that meets each of the following conditions: (i) it shall be encoded in an electronic format, satisfactory to the Representatives, that may be transmitted electronically by the Representatives and the other Underwriters to offerees and purchasers of the Offered Shares; (ii) it shall disclose the same information as the paper Time of Sale Prospectus, except to the extent that graphic and image material cannot be disseminated electronically, in which case such graphic and image material shall be replaced in the electronic Prospectus with a fair and accurate narrative description or tabular representation of such material, as appropriate; and (iii) it shall be in or convertible into a paper format or an electronic format, satisfactory to the Representatives, that will allow investors to store and have continuously ready access to the Time of Sale Prospectus at any future time, without charge to investors (other than any fee charged for subscription to the Internet as a whole and for on-line time). The Company hereby confirms that it has included or will include in the Prospectus filed pursuant to XXXXX or otherwise with the Commission and in the Registration Statement at the time it was declared effective an undertaking that, upon receipt of a request by an investor or his or her representative, the Company shall transmit or cause to be transmitted promptly, without charge, a paper copy of the Time of Sale Prospectus.

  • Delivery Pressure Xxxxxx agrees to use due care and diligence to furnish gas hereunder at such uniform pressure as Seller may elect up to, but not exceeding 20 pounds per square inch gauge, and not less than 5 pounds per square inch gauge, at the "Point of Delivery". Buyer shall be responsible for the installation and operation of adequate safety equipment downstream of the Point of Delivery so as to relieve or control pressure variations within the limits described above that may, for any reason through malfunction of Seller's equipment or otherwise, occur on Buyer's side of the "Delivery Point".

  • Limitations on Execution and Delivery Transfer Etc of Receipts Suspension of Delivery Transfer Etc As a condition precedent to the execution and Delivery, registration, registration of transfer, split-up, subdivision combination or surrender of any Receipt, the delivery of any distribution thereon or withdrawal of any Deposited Securities, the Depositary or the Custodian may require (i) payment from the depositor of Shares or presenter of the Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees and charges of the Depositary as provided in the Deposit Agreement and in this Receipt, (ii) the production of proof satisfactory to it as to the identity and genuineness of any signature or any other matter contemplated in the Deposit Agreement and (iii) compliance with (A) any laws or governmental regulations relating to the execution and Delivery of Receipts or ADSs or to the withdrawal or Delivery of Deposited Securities and (B) such reasonable regulations and procedures as the Depositary may establish consistent with the provisions of the Deposit Agreement and applicable law. The issuance of ADSs against deposits of Shares generally or against deposits of particular Shares may be suspended, or the issuance of ADSs against the deposit of particular Shares may be withheld, or the registration of transfers of Receipts in particular instances may be refused, or the registration of transfer of Receipts generally may be suspended, during any period when the transfer books of the Depositary are closed or if any such action is deemed necessary or advisable by the Depositary or the Company, in good faith, at any time or from time to time because of any requirement of law, any government or governmental body or commission or any securities exchange on which the Receipts or Shares are listed, or under any provision of the Deposit Agreement or provisions of, or governing, the Deposited Securities or any meeting of shareholders of the Company or for any other reason, subject in all cases to Article (22) hereof. The Depositary shall not issue ADSs prior to the receipt of Shares or deliver Shares prior to the receipt and cancellation of ADSs.

  • Subsequent Delivery of Comfort Letters The Company covenants and agrees with the Agents that, subject to the provisions of Section 4(m) hereof, each time that (1) the Registration Statement or the Prospectus shall be amended or supplemented to include additional financial information, (2) there is filed with the Commission any document incorporated by reference into the Prospectus which contains additional financial information or (3) if required pursuant to the terms of a Terms Agreement, upon the Company’s sale of Notes to one or more Agents pursuant to such Terms Agreement, the Company shall cause PricewaterhouseCoopers LLP, or other independent certified public accountants reasonably satisfactory to the Agents, forthwith to furnish the Agents with a letter, dated the date of filing with the Commission of such supplement or document, the date of effectiveness of such amendment, or the date of such sale, as the case may be, in form reasonably satisfactory to the Agents, of substantially the same tenor as the letter referred to in Section 5(c) hereof but modified to relate to the Registration Statement and Prospectus, as amended and supplemented to the date of such letter, and with such changes as may be necessary to reflect changes in the financial statements and other information derived from the accounting records of the Company; provided, however, with respect to a letter furnished in connection with the incorporation by reference into the Prospectus of a Quarterly Report on 10-Q or an Annual Report on Form 10-K, the letter shall be dated the business day immediately following the date of the filing with the Commission of such report; further provided, however, that if the Registration Statement or the Prospectus is amended or supplemented solely to include financial information as of and for a fiscal quarter, PricewaterhouseCoopers LLP, or other independent certified public accountants reasonably satisfactory to the Agents, may limit the scope of such letter to the unaudited financial statements included in such amendment or supplement unless any other information included therein of an accounting, financial or statistical nature is of such a nature that, in the reasonable judgment of the Agents, such letter should cover such other information.

  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.

  • Subsequent Delivery of Legal Opinions Each time that (i) the Registration Statement or the Prospectus shall be amended or supplemented (other than by an amendment or supplement providing solely for a change in the interest rates of the Notes or similar changes or solely for the inclusion of additional financial information, and, unless the Agents shall otherwise reasonably specify, other than by an amendment or supplement that relates exclusively to an offering of debt securities other than the Notes), (ii) there is filed with the SEC any document incorporated by reference into the Prospectus (other than any proxy statement or Current Report on Form 8-K relating exclusively to the issuance of debt securities other than the Notes or to quarterly or annual financial information that has been announced to the general public or, unless the Agents shall otherwise reasonably request, any other Current Report on Form 8-K or any Quarterly Report on Form 10-Q), (iii) (if required pursuant to the terms of a Terms Agreement) the Company sells Notes to one or more Agents pursuant to a Terms Agreement or (iv) the Company shall approve a form of Indexed Note for sale, the Company shall furnish or cause to be furnished forthwith to the Agents and to counsel to the Agents a written opinion of counsel reasonably satisfactory to the Agents, dated the date of filing with the SEC of such supplement or document, the date of effectiveness of such amendment, or the date of such sale, as the case may be, in form and substance satisfactory to the Agents, of the same tenor as the opinions referred to in Sections 5(a)(1) and (2) hereof, but modified, as necessary, to relate to the Registration Statement and the Prospectus as amended and supplemented to the time of delivery of such opinion or, in lieu of any such opinion, counsel last furnishing such opinion to the Agents shall furnish the Agents with a letter to the effect that the Agents may rely on such last opinion to the same extent as though it was dated the date of such letter authorizing reliance (except that statements in such last opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended and supplemented to the time of delivery of such letter authorizing reliance); PROVIDED, HOWEVER, that, in the event that an Indexed Note has been approved for sale by the Company, counsel to the Company shall also confirm the exclusion or exemption of such Indexed Note from the Commodity Exchange Act and the rules and regulations promulgated thereunder; and PROVIDED, FURTHER, that, if the Agents shall have suspended solicitation of purchases of the Notes in their capacity as agents pursuant to a request from the Company, and none of the Agents shall then hold any Notes as principal purchased pursuant to a Terms Agreement (or, if any Agent holds Notes as principal pursuant to a Terms Agreement, such Agent has held such Notes for more than 180 days), the Company shall not be obligated so to furnish the Agents with opinions until such time that the Company shall determine that solicitation of purchases of the Notes should be resumed or shall subsequently enter into a new Terms Agreement with one or more Agents.

  • DATE OF DELIVERY OF PUT NOTICE A Put Notice shall be deemed delivered on (i) the Trading Day it is received by facsimile or otherwise by Investor if such notice is received on or prior to 12:00 noon New York time, or (ii) the immediately succeeding Trading Day if it is received by facsimile or otherwise after 12:00 noon New York time on a Trading Day or at anytime on a day which is not a Trading Day.

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