Level of Delivery and Level of Lifting Sample Clauses

Level of Delivery and Level of Lifting. 5.7.1 The Level of Delivery with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Delivery (LD) = (DQ+DDQ+FM+RF) X 100 Where: LD = Level of Delivery of the Contracted Grade of Coal by the Seller for the Year. DQ = Delivered Quantity, namely, aggregate of actual quantities of the Contracted Grade of Coal delivered by the Seller for the Year. DDQ = Deemed Delivered Quantity, reckoned in the manner stated in Clause 5.9. FM = Proportionate quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Act affecting the Seller and / or the Purchaser, calculated as under: FM = ACQ x Number of days lost under applicable Force Majeure Act 365 Note: For the purpose of calculation of ‘Number of days lost under applicable Force Majeure Act’, the period affecting both the Parties shall be counted only once. RF = Quantity of the Contracted Grade of Coal that could not be supplied by the Seller for the Year owing to the Railways not allotting wagons or not placing allotted wagons for loading within 180 days of allotment, in spite of specific valid indent/offer submitted by the Seller to the railways against valid program(s) submitted by the Purchaser for the purpose.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Level of Delivery and Level of Lifting. 5.6.1 The Level of Delivery with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Delivery (LD) = (DQ+DDQ+FM) X 100 ACQ Where: LD = Level of Delivery of the Contracted Grade of Coal by the Seller for the Year. DQ = Delivered Quantity, namely, aggregate of actual quantities of the Contracted Grade(s) of Coal delivered by the Seller for the Year or sale order quantity obtained by the Purchaser by paying advance amount, whichever is higher. DDQ = Deemed Delivered Quantity, reckoned in the manner stated in Clause 5.7. FM = Proportionate quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Event affecting the Seller and / or the Purchaser, calculated as under: FM = ACQ x Number of days lost under applicable Force Majeure Event 365 Note: For the purpose of calculation of ‘Number of days lost under applicable Force Majeure Event’, the period affecting both the Parties shall be counted only once.
Sample 1Sample 2See All (7)
Level of Delivery and Level of Lifting. The Level of Delivery with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Delivery (LD) = (DQ+DDQ+FM) X 100 ACQ Where: LD = Level of Delivery of the Contracted Grade of Coal by the Seller for the Year. DQ = Delivered Quantity, namely, aggregate of actual quantities of the Contracted Grade(s) of Coal delivered by the Seller for the Year or sale order quantity obtained by the Purchaser by paying advance amount, whichever is higher. DDQ = Deemed Delivered Quantity, reckoned in the manner stated in Clause 5.7. FM = Proportionate quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Event affecting the Seller and / or the Purchaser, calculated as under: FM = ACQ x Number of days lost under applicable Force Majeure Event 365 Note: For the purpose of calculation of ‘Number of days lost under applicable Force Majeure Event’, the period affecting both the Parties shall be counted only once. Further, it is clarified that in case the Purchaser does not accept the supply of coal from the Secondary Source, then such quantity of coal shall be considered in the quantity of the Contracted Grade of Coal which could not be delivered by the Seller for a Year due to occurrence of a Force Majeure Event affecting the Seller and / or the Purchaser.
Sample 1

Related to Level of Delivery and Level of Lifting

  • End of Life Your right to use or obtain Support for the Software, and any Software features is subject to Our End-of-Life Policy. Upon the End-of-Life date of a Software Product or any feature of a Software Product (as We determine in accordance with the End-of-Life Policy), Your right to use or obtain Support for the Software or Software feature shall terminate.

  • Customer Responsibility You agree that you are responsible for all access to and use of the Service through your account or password(s) and for any fees incurred for the Service, or for software or other merchandise purchased through the Service, or any other expenses incurred in accordance with the terms of this Agreement. You agree that you are responsible for backing up (a) any data you submit, receive or transfer over the Service, including, without limitation, your email; and (b) any data, files, programs, or applications on any device you connect to the Service. You acknowledge that you are aware that content accessible on or through the Service may contain material that is unsuitable for minors (persons under 18 years of age). You agree to supervise usage of your account by minors. You ratify and confirm any obligations incurred by a minor using your account.

  • Penalties for Non-compliance to Service Level Agreement Where the Supplier/Service Provider fails to deliver the Goods/Services within the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at …………………………………………………… .

  • Service Level Agreement 6.1 NCR Voyix will use commercially reasonable efforts to make the Service available to you at or above the Availability Rate set forth at xxxxx://xxx.xxx.xxx/support/aloha-sla. If NCR Voyix does not meet the Availability Rate, you are entitled to request a service-level credit subject to the terms of this Agreement. This credit is calculated as a percentage of the monthly recurring bill (or monthly pro rata share of billing, if billing does not occur monthly) for the Service for the month in which the Availability Rate was not met. The Availability Rate is determined by: (a) dividing the total number of valid outage minutes in a calendar month by the total number of minutes in that month; (b) subtracting that quotient from 1.00; (c) multiplying that difference by 100; and (d) rounding that result to two decimal places in accordance with standard rounding conventions. The number of outage minutes per day for a given service is determined by the lesser of the number of outage minutes.

  • Optional Xactimate Response Attachment (Part 2)

  • CONTRACTOR RESPONSIBILITY PROVISIONS For the purpose of these provisions, the term contractor is defined as any person, including, but not limited to, a bidder, offeror, loan recipient, grantee or lessor, who has furnished or performed or seeks to furnish or perform, goods, supplies, services, leased space, construction or other activity, under a contract, grant, lease, purchase order or reimbursement agreement with the Commonwealth of Pennsylvania (Commonwealth). The term contractor includes a permittee, licensee, or any agency, political subdivision, instrumentality, public authority, or other public entity in the Commonwealth.

  • Funding Restrictions and Order Quantities The Agency reserves the right to reduce or increase estimated or actual quantities in whatever amount necessary without prejudice or liability to the Agency, if:

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