Minimum Annual Take Quantity Credit Sample Clauses

Minimum Annual Take Quantity Credit. (a) Notwithstanding that deliveries are made in the form of Seller Sourced Fuel under the Refined Coal Sale Agreement instead of Dedicated Lignite or Alternate Fuel under the 1998 LSA, during any given Year Buyer shall be entitled under clause (i) of Section 4.02(i) of the 1998 LSA to receive a Minimum Annual Take Quantity Credit and shall be entitled to apply the Minimum Annual Take Quantity Credit, in accordance with and subject to the terms of such clause (i) of Section 4.02(i) of the 1998 LSA, against deliveries of Dedicated Lignite or Alternative Fuel, as if such deliveries had been made in the form of Dedicated Lignite or Alternate Fuel under the 1998 LSA instead of Seller Sourced Fuel under the Refined Coal Sale Agreement. (b) Notwithstanding that deliveries are made in the form of Seller Sourced Fuel under the Refined Coal Sale Agreement instead of Dedicated Lignite or Alternate Fuel under the 1998 LSA, if, during any given Year, Buyer would have been entitled under clause (ii) of Section 4.02(i) of the 1998 LSA to receive a Minimum Annual Take Quantity Credit and would have been entitled to apply the Minimum Annual Take Quantity Credit, in accordance with and subject to the terms of such clause (ii) of Section 4.02(i) of the 1998 LSA, against deliveries of Dedicated Lignite or Alternative Fuel if such deliveries had been made in the form of Dedicated Lignite or Alternate Fuel under the 1998 LSA instead of Refined Coal and Backup Fuel under the Refined Coal Sale Agreement, then promptly following Seller's receipt of payment for deliveries of the related Lignite under the Producer Coal Supply Agreement, Seller will pay to Buyer an amount equal to the amount of such Minimum Annual Take Quantity Credit, and such amount of the Minimum Annual Take Quantity Credit equal to the amount so paid shall be treated, for purposes of the 1998 LSA, to have been so applied in accordance with and subject to the terms of clause (ii) of Section 4.02(i) of the 1998 LSA.
Sample 1
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Related to Minimum Annual Take Quantity Credit

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Minimum Age (a) Members must be at least 14 years of age. (b) If you are under the age of 18 years, prior to being accepted as a Member, you must: Membership Agreement); and

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • 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.

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