Obligation to Take the Daily Quantity Sample Clauses

Obligation to Take the Daily Quantity. Subject to the operation of Section 4.4‌ governing load loss, which shall apply to an inability to take by Purchaser as a result of a loss of load as set forth in that Section, if on any Gas Day Seller tenders the Daily Contract Quantity for delivery to Purchaser and Purchaser fails to take the Daily Contract Quantity, Purchaser shall remain obligated to pay Seller the Contract Price for the Daily Contract Quantity. Seller shall credit to Purchaser’s account any Net Remarketing Proceeds that FGU may receive from BBE under the Project Participant Agreement in connection with the remarketing of such Gas.
Sample 1
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Obligation to Take the Daily Quantity. Subject to the operation of Section 4.4 governing load loss, if on any Gas Day [Issuer] tenders the Daily Contract Quantity for delivery to Gas Purchaser and Gas Purchaser fails to take the Daily Contract Quantity, Gas Purchaser shall remain obligated to pay [Issuer]the Contract Price for the Daily Contract Quantity. If Gas Purchaser’s failure to take is due to a loss of load on its system as established by Gas Purchaser in a manner satisfactory to [Issuer], the provisions of Section 4.4 shall apply. If not, [Issuer]shall credit to Gas Purchaser’s account any net revenues [Issuer]may receive from the ultimate sale of any such Gas to other Municipal Utilities, up to the Contract Price, less a [Issuer]remarketing administrative charge of five cents ($0.05) per MMBtu. Notwithstanding anything to the contrary contained herein, the Gas Purchaser shall continue to be obligated to pay the Project Administration Fee with respect to its Daily Contract Quantity.
Sample 1
Obligation to Take the Daily Quantity. Subject to the operation of Section 4.4‌ governing load loss, which shall apply to an inability to take by Purchaser as a result of a loss of load as set forth in that Section, if on any Gas Day TEAC tenders the Daily Contract Quantity for delivery to Purchaser and Purchaser fails to take the Daily Contract Quantity, Purchaser shall remain obligated to pay TEAC the Contract Price for the Daily Contract Quantity plus the Supply Administration Fee. TEAC shall credit to Purchaser’s account any net revenues TEAC may receive from Prepay LLC under the Prepaid Agreement in connection with the ultimate sale of any such Gas by Prepay LLC to other Municipal Utilities, up to the Contract Price, less the Supply Administration Fee, less TEAC’s remarketing administrative charge of three cents ($0.03) per MMBtu. In the event of permanent load loss on Purchaser’s system due to the permanent cessation of all or part of Purchaser’s electric generation operations, Purchaser may request the permanent reduction of its Daily Contract Quantity for the remaining term of this Agreement. If TEAC is satisfied that such loss of demand is permanent, through evidence satisfactory to TEAC in its sole discretion, TEAC shall use reasonable efforts to pursue the re- allocation Purchaser’s Daily Contract Quantities associated with its loss of demand to other Project Participants or through remarketing under the provisions of the Prepaid Agreement, and upon such re-allocation, shall reduce Purchaser’s Daily Contract Quantities through the remaining term of this Agreement accordingly.
Sample 1
Obligation to Take the Daily Quantity. Subject to the operation of Section 4.4 governing load loss, if on any Gas Day MMGA tenders the Daily Contract Quantity for delivery to Gas Purchaser and Gas Purchaser fails to take the Daily Contract Quantity, Gas Purchaser shall remain obligated to pay MMGA the Contract Price for the Daily Contract Quantity. If Gas Purchaser’s failure to take is due to a loss of load on its system as established by Gas Purchaser in a manner satisfactory to MMGA, the provisions of Section 4.4 shall apply. If not, MMGA shall credit to Gas Purchaser’s account any net revenues MMGA may receive from the ultimate sale of any such Gas to other Municipal Utilities, up to the Contract Price, less a MMGA remarketing administrative charge of five cents ($0.05) per MMBtu. Notwithstanding anything to the contrary contained herein, the Gas Purchaser shall continue to be obligated to pay the Project Administration Fee with respect to its Daily Contract Quantity.
Sample 1

Related to Obligation to Take the Daily Quantity

  • 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.

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

  • Agreement Amount The Grantee acknowledges and agrees that, notwithstanding any other provision of this Agreement, the maximum amount payable by the City under this Agreement for the initial ## month term shall not exceed the amount approved by City Council, which is $ (dollar amount), and $ (dollar amount) per ## month extension option, for a total Agreement amount of $ . Continuation of the Agreement beyond the initial ## months is specifically contingent upon the availability and allocation of funding, and authorization by City Council.

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