Common use of Forecasting Obligation Clause in Contracts

Forecasting Obligation. (a) Not less than fifteen (15) Business Days prior to the start of a calendar year (starting on 1 January and ending on 31 December), the Seller shall provide to the Buyer a non-binding forecast of the anticipated Metered Output in such calendar year. (b) Notwithstanding § 5.2(a), where the Total Supply Period does not start on 1 January or does not finish on 31 December, the Seller shall also provide to the Buyer a non-binding forecast of the anticipated Metered Output for the period between the start of the Total Supply Period and the end of the calendar year into which it falls, and the start of the calendar year into which the end of the Total Supply Period falls and the end of the Total Supply Period. (c) The Seller shall ensure that all such forecasts are prepared in accordance with Good Industry Practice. Provided that such forecasts are so prepared, the Seller shall not be liable to the Buyer for any difference between such forecasts and the Metered Output.

Appears in 8 contracts

Samples: Individual Power Purchase Agreement, Individual Power Purchase Agreement, Individual Power Purchase Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!