Common use of Qualification Criteria for Six Month MOU Clause in Contracts

Qualification Criteria for Six Month MOU. a) The customer should lift 100% of the signed Six Month MOU quantity during the MOU period from 01.10.2020 to 31.03.2021. b) The customer should lift stipulated monthly MOU quantity in at least 4(Four) months out of 6 (six) months. However, lifting of at least 70% of the stipulated monthly MOU quantity shall not be considered as failure. Once an MOU customer fails to meet the criteria as above, the customer would automatically cease to be an MOU customer and would not be entitled for any benefit under the scheme thereafter.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

Qualification Criteria for Six Month MOU. a) The customer should lift 100% of the signed Six Month MOU quantity during the MOU period from 01.10.2020 01.10.2021 to 31.03.202131.03.2022. b) The customer should lift stipulated monthly MOU quantity in at least 4(Four) months out of 6 (six) months. However, lifting of at least 70% of the stipulated monthly MOU quantity shall not be considered as failure. Once an MOU customer fails to meet the criteria as above, the customer would automatically cease to be an MOU customer and would not be entitled for any benefit under the scheme thereafter.

Appears in 1 contract

Samples: Memorandum of Understanding

AutoNDA by SimpleDocs

Qualification Criteria for Six Month MOU. a) The customer should lift 100% of the signed Six Six-Month MOU quantity during the MOU period from 01.10.2020 01.10.2024 to 31.03.202131.03.2025. b) The customer should lift stipulated monthly MOU quantity in at least 4(Four) months out of 6 (six) months. However, lifting of at least 70% of the stipulated monthly MOU quantity shall not be considered as failure. Once an MOU customer fails to meet the criteria as above, the customer would automatically cease to be an MOU customer and would not be entitled for any benefit under Under the scheme thereafter.

Appears in 1 contract

Samples: Memorandum of Understanding

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