Quarterly Payment Obligation Sample Clauses

Quarterly Payment Obligation. (a) If in any Quarter the difference between QTOPQ and quantity of Gas offtaken by Buyer during the Quarter is positive, such quantity of Gas shall be called “QGNT Quantity”. Buyer shall pay to the Sellers an amount equal to the QGNT Quantity multiplied by arithmetic average of the Sales Gas Price during the Quarter (“QGNT Amount”).
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Quarterly Payment Obligation. (a) If in any Quarter the difference between QTOPQ and quantity of Gas offtaken by Buyer during the Quarter is positive, such quantity of Gas shall be called “QGNT Quantity”. Buyer shall pay to the Sellers an amount equal to the QGNT Quantity multiplied by arithmetic average of the Sales Gas Price during the Quarter (“QGNT Amount”) and shall be adjusted by way of a debit note issued along with applicable sales tax liability. The rate of exchange to be applied to convert the QGNT amount calculated in USD to INR shall be as per Clause 10.5. The value arrived at (after the adjustment) would be treated as the actual amount receivable towards the supply of Gas to the Buyer.
Quarterly Payment Obligation. (a) If in any Quarter the difference between QTOPQ and quantity of Gas offtaken by Buyer during the Quarter is positive, such quantity of Gas shall be called “QGNT Quantity”. The GHV to be applied to convert the QGNT Quantity calculated in SCM to MMBTU shall be arithmetic average of the GHV during the Quarter. Buyer shall pay to the Seller an amount equal to the QGNT Quantity multiplied by arithmetic average of the Sales Gas Price during the Quarter (“QGNT Amount”). and shall be adjusted by way of a debit note issued along with applicable sales tax liability. The rate of exchange to be applied to convert the QGNT amount calculated in USD to INR shall be as per Clause 10.5. The value arrived at (after the adjustment) would be treated as the actual amount receivable towards the supply of Gas to the Buyer.

Related to Quarterly Payment Obligation

  • Payment Obligation (a) The Subscriber shall bear the obligation to pay the Service Fee to SORACOM from the day when SORACOM starts to provide the Subscriber with the telecommunication channel pursuant to this Agreement.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Client Obligations Client shall fulfill its obligations and responsibilities as set forth in this Agreement and the SOW so that Spirent can perform the Services efficiently and effectively. Client is responsible for the operation and security of its applications and the information technology environment in which the Services are to be performed. Client agrees that it shall have the sole responsibility for protecting and backing up its systems, networks, applications, content, and data used in connection with the Services. Client shall secure and provide to Spirent any rights and licenses necessary to allow Spirent to perform the Services. Client shall ensure the cooperation and performance of its employees and contractors as well as the accuracy and completeness of data and information provided to Spirent that are necessary to perform the Services. Client shall make and be responsible for all decisions and actions based or related to advice and recommendations provided by Spirent in connection with the performance of the Services hereunder. Client shall be liable for all Spirent owned equipment while in Client’s possession or control and, if lost or. damaged or not returned to Spirent upon expiration of the engagement, Client agrees to pay for such equipment upon receipt of an invoice referencing this Agreement. Equipment received by Spirent from Client more than five (5) calendar days after the end of engagement shall be subject to a fifteen (15%) per month late fee based on the list price of the equipment.

  • Recipient Obligations 2.1 The Recipient agrees to support the Project in accordance with this Agreement.

  • STUDENT OBLIGATIONS The student agrees to use the property as his or her personal residence. The student shall maintain the interior of the property in a reasonably clean and safe condition, use reasonable care in consumption of utilities and services furnished by the landlord, and avoid unreasonable noise or other disruption of the privacy and peaceful enjoyment of the premises by the landlord and other students. The student shall be responsible for any damage to the property beyond reasonable wear and tear by the student, members of the student's family, or persons invited on the property by the student. The student shall not make, or cause to be made, any alterations to the property or its contents without first obtaining the written consent of the landlord. The student agrees to notify the landlord in writing about any needed repairs or violations of the Honor Code or Residential Living Standards involving other students or residents. *The BYU Student agrees to update their residential address on myBYU each semester/term, failure to do so will result in non-compliance fees of up to $175 and housing holds affecting their ability to register.

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.

  • Performance Obligation 11.1 Developer’s Attachment Facilities 11.2 Connecting Transmission Owner’s Attachment Facilities

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