LNG Production Rate Performance Guarantee Sample Clauses

LNG Production Rate Performance Guarantee. Each LNG Train shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate Performance Guarantee”), produced over a 72 hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met.
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LNG Production Rate Performance Guarantee. Each LNG Train shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate Performance Guarantee”), produced over a 72 hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met. Revisions to this Section 2, subsection A, if required as a result of inclusion of HRU Work scope, will be agreed to by Owner and Contractor, both acting reasonably and in good faith, prior to or at the time the final test procedures for the conduct of the Performance Tests are established in accordance with Section 11.2 of the Agreement.
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LNG Production Rate Performance Guarantee. The LNG Plant shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate Performance Guarantee”), being *** (***%) of the LNG production rate specified for stream 2403 for one LNG Plant (where one plant rate is one fifth, 1/5, of the presented value) for the Guarantee Case heat and material balance 26089-200-M4-1PDK-00012 rev A, produced over a 72-hour continuous period using the Measurement and Calculation Methods specified in Attachment 19; provided the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment 19 are met.
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LNG Production Rate Performance Guarantee. Each LNG Train shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate Performance Guarantee”), produced over a 72-hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met. The LNG Production Rate Performance Guarantee specified in this Section 2A and the LNG Production Rate MAC specified in Section 3A below are based on Case CC1 – High Aromatics, Average Ambient Temperature with the Heavies Removal Column in operation. Owner and Contractor agree that the LNG Production Rate Performance Guarantee, the LNG Production Rate MAC and associated documents (including the Basis of Design (Document No. 25744-200-M4-DK-00101 rev. 04) and Process Design Basis (25744-200-3DR-V04F—00001 rev. 000)) will be revised to reflect a new case (the “Lean Gas Case”) with the Heavies Removal Column operated cold with no reflux. For such revisions, the Parties shall, both acting reasonably and in good faith, revise the LNG Production Rate Performance Guarantee, the LNG Production Rate MAC and associated documents (including the Basis of Design and Process Design Basis) with such changes implemented through a Change Order in accordance with the Agreement no later than the NTP.
Sample 1
LNG Production Rate Performance Guarantee. LNG Train 3 shall have an LNG Production Rate equal to or greater than *** MMbtu HHV (“LNG Production Rate Performance Guarantee”), produced over a 72-hour continuous period using the Measurement and Calculation Methods specified in Attachment S; provided that the LNG Production Rate Performance Guarantee Conditions stipulated in Attachment S are met. The LNG Production Rate Performance Guarantee specified in this Section 2A and the LNG Production Rate MAC specified in Section 3A below are based on Case CC1 – High Aromatics, Average Ambient Temperature with the Heavies Removal Column in operation. Owner and Contractor agree that the LNG Production Rate Performance Guarantee, the LNG Production Rate MAC and associated documents (including the Basis of Design and Process Design Basis) will be revised to reflect a new case (the “Lean Gas Case”) with the Heavies Removal Column operated cold with no reflux. For such revisions, the Parties shall, both acting reasonably and in good faith, revise the LNG Production Rate Performance Guarantee, the LNG Production Rate MAC and associated documents (including the Basis of Design (Document no. 25744-200-M4-DK-00101 rev. 04) and Process Design Basis (Document no. 25744-200-3DR-V04F—00001 rev. 000)) with such changes implemented through a Change Order in accordance with the Agreement no later than the NTP.
Sample 1

Related to LNG Production Rate Performance Guarantee

  • Performance Guarantee 9.4.1 The Concessionaire shall, for the performance of its obligations hereunder during the Concession Period, provide to the Authority no later than [90] days prior to expiry of the Performance Security, an irrevocable and unconditional guarantee from a Bank for a sum equivalent to Rs. ***** crore (Rupees ***** crore)7 in the form set forth in Schedule-FF (the “Performance Guarantee”). Until such time the Performance Guarantee is provided by the Concessionaire pursuant hereto and the same comes into effect, notwithstanding anything contained in clause 9.3 the Performance Security shall remain in force and effect, and upon such provision of the Performance Guarantee pursuant hereto, the Authority shall release the Performance Security to the Concessionaire.

  • Performance Guaranty Parent hereby guarantees the due, prompt and faithful performance and discharge by, and compliance with, all of the obligations, covenants, terms, conditions and undertakings of Merger Sub under this Agreement in accordance with the terms hereof, including any such obligations, covenants, terms, conditions and undertakings that are required to be performed, discharged or complied with following the Effective Time by the Surviving Corporation.

  • Performance Guarantees Contractor agrees to provide the County the performance guarantees specified in Attachment A and to pay any penalties incurred in accordance with the terms of Attachment A.

  • Performance Tests Contractor shall perform Performance Tests in accordance with Section 11.2 of the Agreement and Attachment S.

  • Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented

  • Performance Review Where a performance review of an employee’s performance is carried out, the employee shall be given sufficient opportunity after the interview to read and review the performance review. Provision shall be made on the performance review form for an employee to sign it. The form shall provide for the employee’s signature in two (2) places, one (1) indicating that the employee has read and accepts the performance review, and the other indicating that the employee disagrees with the performance review. The employee shall sign in only one (1) of the places provided. No employee may initiate a grievance regarding the contents of a performance review unless the signature indicates disagreement. An employee shall, upon request, receive a copy of this performance review at the time of signing. An employee’s performance review shall not be changed after an employee has signed it, without the knowledge of the employee, and any such changes shall be subject to the grievance procedure of this Agreement. The employee may respond, in writing, to the performance review. Such response will be attached to the performance review.

  • Product Quality 4.1 The following provisions shall apply to Product after Production:

  • Parent Guarantee (a) The Parent Guarantor will hereby irrevocably and unconditionally guarantee on a senior basis, as a primary obligor and not merely as a surety, to each Holder, the Trustee, the Collateral Agent and their successors and assigns the Guaranteed Obligations. The Parent Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from the Parent Guarantor, and that no extension or renewal of any Guaranteed Obligation shall release the obligations of the Parent Guarantor hereunder. The obligations of the Parent Guarantor hereunder shall be joint and several with the Subsidiary Guarantees of the Subsidiary Guarantors. The Parent Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. The Parent Guarantor waives notice of any default under the Securities or the Guaranteed Obligations. The obligations of the Parent Guarantor hereunder shall not be affected by (i) the failure of any Holder, the Trustee or the Collateral Agent to assert any claim or demand or to enforce any right or remedy against the Issuer or any other Person under this Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of this Indenture, the Securities or any other agreement; (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (iv) the release of any security held by the Collateral Agent on behalf of each Holder and the Trustee for the Guaranteed Obligations or any Subsidiary Guarantor; or (v) the failure of any Holder, the Trustee or the Collateral Agent to exercise any right or remedy against any other guarantor of the Guaranteed Obligations. The Parent Guarantor hereby waives any right to which it may be entitled to have its obligations hereunder divided among itself and the Subsidiary Guarantors, such that the Parent Guarantor’s obligations would be less than the full amount claimed. The Parent Guarantor hereby waives any right to which it may be entitled to have the assets of the Issuer first be used and depleted as payment of the Issuer’s or the Parent Guarantor’s obligations hereunder prior to any amounts being claimed from or paid by the Parent Guarantor hereunder. The Parent Guarantor hereby waives any right to which it may be entitled to require that the Issuer be sued prior to an action being initiated against the Parent Guarantor. The Parent Guarantor further agrees that its Parent Guarantee constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder, the Trustee or the Collateral Agent to any security held for payment of the Guaranteed Obligations.

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