Common use of PRICE AND CONSIDERATION Clause in Contracts

PRICE AND CONSIDERATION. The contract price is inclusive of all applicable taxes. Day One of Delivery – the original date of which potable water is required to be delivered by the BWS to MCWD’s designated injection point(s), which shall be within a maximum period of twelve (12) months after receipt of the Notice to Proceed (NTP) by the BWS or actual first day of delivery whichever comes later. Drop-off Point(s) – additional injection point(s) identified by MCWD along the interconnecting pipelines of BWS before the main injection point. Facilities – refers to raw water intake, pre-treatment, Seawater Reverse Osmosis (SWRO) treatment plant, storage tanks, production and water treatment facilities, land and other associated equipment and facilities, both onshore and offshore, interconnecting pipelines, flow meter assembly, backup power equipment, power supply systems and other appurtenances and auxiliary equipment necessary to efficiently operate the desalination plant under this Agreement. Independent Laboratory - is any Department of Health (DOH) accredited laboratory capable of conducting water analysis which is neither owned nor controlled by one or both parties to this agreement. Injection Point - refers to delivery or drop-off point(s) or the point(s) where BWS’s pipe interconnects to MCWD’s receiving infrastructure / facility. Inspection - means the conduct of any investigation/verification/ examination of Bulk Water Supplier’s water source and other facilities which includes but not limited to water sampling for analysis. Off-peak hour flow rate – the time between 8:01PM and 4:00AM Peak hour flow rate – the time between 4:01AM and 8:00PM Potable Water - refers to the delivered treated water with quality within the standards limits set in the latest Philippine National Standards for Drinking Water and MCWD Drinking Water Quality Standards both for acceptability and health aspects. Project – refers to the herein Bulk Water Supply Contract including the facilities as herein defined. Raw Water Source – is the unprocessed water taken directly from the sea or the ocean or within ten (10) meters onshore from the highest tide of the shoreline, provided that the raw water shall have a Total Dissolved Solids (TDS) value of not less than 30,000 parts per million (ppm) Seawater – refers to water from the sea or ocean with Total Dissolve Solids (TDS) value of at least 30,000 parts per million (ppm).

PRICE AND CONSIDERATION. The contract price is inclusive of all applicable taxes. Day One of Delivery – the original date of which potable water is required to be delivered by the BWS to MCWD’s designated injection point(s), which shall be within a maximum period of twelve six (126) months after receipt of the Notice to Proceed (NTP) by the BWS or actual first day of delivery whichever comes later. Drop-off Point(s) – additional injection point(s) identified by MCWD along the interconnecting pipelines of BWS before the main injection point. Facilities – refers to raw water intake, pre-treatment, Seawater Reverse Osmosis (SWRO) treatment plant, storage tanks, production and water treatment facilities, land and other associated equipment and facilities, both onshore and offshore, interconnecting pipelines, flow meter assembly, backup power equipment, power supply systems and other appurtenances and auxiliary equipment necessary to efficiently operate the desalination plant under this Agreement. Independent Laboratory - is any Department refers to the University of Health San Carlos (DOHUXX) accredited laboratory capable of conducting water analysis which is neither owned nor controlled by one or both parties to this agreement. Xxter Laboratory Injection Point - refers to delivery or drop-off point(s) or the point(s) where BWS’s pipe interconnects to MCWD’s receiving infrastructure / facility. Inspection - means the conduct of any investigation/verification/ examination of Bulk Water Supplier’s water source and other facilities which includes but not limited to water sampling for analysis. Off-peak hour flow rate – the time between 8:01PM and 4:00AM Peak hour flow rate – the time between 4:01AM and 8:00PM Potable Water - refers to the delivered treated water with quality within the standards limits set in the latest Philippine National Standards for Drinking Water and MCWD Drinking Water Quality Standards both for acceptability and health aspects. Project – refers to the herein Bulk Water Supply Contract including the facilities as herein defined. Raw Water Source – is the unprocessed water taken directly from the sea or the ocean or within ten (10) meters onshore from the highest tide of the shoreline, provided that the raw water shall have a Total Dissolved Solids (TDS) value of not less than 30,000 parts per million (ppm) Seawater – refers to water from the sea or ocean with Total Dissolve Solids (TDS) value of at least 30,000 parts per million (ppm).