FAILURE TO DELIVER CONTRACT VOLUME Sample Clauses

FAILURE TO DELIVER CONTRACT VOLUME. If the Seller fails for any calendar month to deliver to Buyer the daily quantity of gas requested by Buyer up to 125% of the DCQ, Buyer may notify Seller in writing of such failure. Seller shall have such time as may be necessary, but in no event more than twelve (12) months from the date of receipt by Seller of Buyer's notice, in which period the DCQ shall be reduced temporarily to a volume equal to 80% of the average daily volume of gas Seller delivered to Buyer during the calendar month on which Xxxxx's notice was based. In the event Xxxxxx's attempts to restore its ability to deliver 125% of the DCQ in effect prior to such notice are unsuccessful, as evidenced by Seller's failure to deliver such quantity on each day of a calendar month test conducted by Seller and Buyer for the period commencing on the day following the end of said twelve (12) month period, or at such earlier time as Seller may request, Buyer shall have the right to reduce the DCQ to a volume equal to 80% of the average daily volume of gas delivered to Buyer during the calendar month of said delivery test.
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FAILURE TO DELIVER CONTRACT VOLUME. If the Seller fails for any calendar month to deliver to Buyer the daily quantity of gas requested by Buyer up to 150 percent of the DCQ, Buyer may notify Seller in writing of such failure. Seller shall have such time as may be necessary, but in no event more than twelve (12) months from the date of receipt by Seller of Buyer's notice, in which to restore its ability to deliver such quantity, during which period the DCQ shall be reduced to 66-2/3 percent of the average daily volume of gas Seller delivered to Buyer during the calendar month on which Buyer's notice was based. After Seller attempts to restore its ability to deliver 150 percent of the DCQ in effect prior to such notice and reduction and after Seller gives written notice to Buyer that it is ready for a test, or following the end of said twelve (12) month period, Buyer shall conduct a production test using a monthly production period in which Seller must demonstrate delivery of 150 percent of the DCQ in effect prior to such notice and reduction on each day, provided, however, that under no circumstances will Buyer be required to conduct a production test during the months of June, July or August. In the event Seller's efforts to restore its ability to deliver 150 percent of the DCQ in effect prior to such notice are unsuccessful, as evidenced by said production test, Buyer shall have the right to reduce the DCQ to a volume equal to 66-2/3 percent of the average daily volume of gas delivered to Buyer during the calendar month of said delivery test. If 66-2/3 percent of deliverability results in a DCQ less than l00 MCFD, the DCQ shall be assigned a value of zero. If a zero DCQ is assigned, Seller shall nonetheless continue to produce and deliver gas to Buyer and Buyer shall take and pay for gas delivered on a best efforts basis.

Related to FAILURE TO DELIVER CONTRACT VOLUME

  • Failure to Deliver Certificates If, in the case of any Notice of Conversion, such certificate or certificates are not delivered to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificates, to rescind such Conversion, in which event the Company shall promptly return to the Holder any original Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates issued to such Holder pursuant to the rescinded Conversion Notice.

  • Failure to Deliver Applicable

  • Failure to Deliver Shares Company understands that a delay in the issuance of Common Stock could result in economic damage to the Investor. If the Company fails to cause the delivery of the Shares when due, the Company shall pay to the Investor on demand in cash by wire transfer of immediately available funds to an account designated by the Investor as liquidated damages for such failure and not as a penalty, an amount equal to five percent (5%) of the payment required to be paid by the Investor on such Settlement Date (i.e., the Advance Amount) for the initial 30 days following such date until the Shares have been delivered, and an additional 5% for each additional 30-day period thereafter until the Shares have been delivered. If, by the third (3rd) business day after the Closing Date, the Company fails to deliver any portion of the shares of the Put to the Investor (the "Advance Shares Due") and the Investor purchases, in an open market transaction or otherwise, shares of Common Stock necessary to make delivery of shares which would have been delivered if the full amount of the shares to be delivered to the Investor by the Company (the "Open Market Share Purchase") , then the Company shall pay to the Investor, in addition to any other amounts due to Investor pursuant to the Put, and not in lieu thereof, the Open Market Adjustment Amount (as defined below). The "Open Market Adjustment Amount" is the amount equal to the excess, if any, of (x) the Investor's total purchase price (including brokerage commissions, if any) for the Open Market Share Purchase minus (y) the net proceeds (after brokerage commissions, if any) received by the Investor from the sale of the Advance Shares Due. The Company shall pay the Open Market Adjustment Amount to the Investor in immediately available funds within two (2) business days of written demand by the Investor. By way of illustration and not in limitation of the foregoing, if the Investor purchases shares of Common Stock having a total purchase price (including brokerage commissions) of $11,000 to cover an Open Market Purchase with respect to shares of Common Stock it sold for net proceeds of $10,000, the Open Market Purchase Adjustment Amount which the Company will be required to pay to the Investor will be $1,000.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Failure to Deliver Conversion Shares If, in the case of any Notice of Conversion, such Conversion Shares are not delivered to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such Conversion Shares, to rescind such Conversion, in which event the Company shall promptly return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Conversion Shares issued to such Holder pursuant to the rescinded Conversion Notice.

  • DELIVERY: FOB DESTINATION, INSIDE DELIVERY, FREIGHT PAID Whenever possible, contractors should give the ordering entities 3 working days prior notice of any deliveries and/or installations. Furniture contractors will not be responsible for the removal/moving of existing furnishings unless requested by the ordering entity. Contractors should verify site readiness prior to delivery. All deliveries will be made during normal working hours unless otherwise arranged with the ordering entity. Contractor will communicate any scheduling delays and/or changes immediately. Agencies will not be responsible for any freight damage, concealed or otherwise.

  • 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.

  • Delivery Point The delivery point is the point of delivery of the Power Product to the CAISO Controlled Grid (the “Delivery Point”). Seller shall provide and convey to Buyer the Power Product from the Generating Facility at the Delivery Point. Title to and risk of loss related to the Power Product transfer from Seller to Buyer at the Delivery Point.

  • Failure to Meet Timelines Failure by the Union to comply with the timelines will result in the automatic withdrawal of the grievance. Failure by the Employer to comply with the timelines will entitle the Union to move the grievance to the next step of the procedure.

  • How to Obtain Warranty Service The Warranty Holder must inspect the Flooring for Manufacturing Defects caused by improper milling, grading, staining, and coating, and report any such defects to Cali Bamboo, prior to installation of the Flooring. To obtain warranty service, the Warranty Holder must contact Cali Bamboo’s Customer Experience Department: xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx/ 000- 000-0000. Warranty claims must be received within 30 calendar days after the Warranty Holder identifies the Manufacturing Defect or other basis for a warranty claim. To be covered under this Cali Bamboo limited warranty, the Warranty Holder must provide documentation of sales order and proof that the Flooring was properly installed in accordance with the Installation Guide (defined below). Cali Bamboo reserves the right to retain a certified and independent National Wood Flooring Association inspector (“NWFA Inspector”) to verify the Warranty Holder’s warranty claims. The determination of the NWFA Inspector regarding the warranty claim is not binding on either Cali Bamboo or on the Warranty Holder. A determination that does not verify the warranty claim shall not affect the Warranty Holder’s right to submit its claim to arbitration in accordance with the terms of the Arbitration Agreement (as defined in Cali Bamboo’s Terms and Conditions of Purchase). The performance of the inspection, however, if requested by Xxxx Xxxxxx and assuming that Xxxx Xxxxxx advances the full cost of the inspection as described above, is a requirement for the Warranty Holder to submit a warranty claim to arbitration under the Arbitration Agreement. For specific instructions on how to obtain warranty service for defective Flooring, visit the Cali Bamboo website xxxxx://xxx.xxxxxxxxxx.xxx/flooring-warranty/. This limited warranty covers Flooring that is both (i) installed with strict adherence to Cali Bamboo’s Odyssey Engineered flooring installation guide found online at xxxxx://xxx.xxxxxxxxxx.xxx/flooring-installation/ (the “Installation Guide”) and

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