Common use of Quarterly Take or Pay Obligation Clause in Contracts

Quarterly Take or Pay Obligation. (i) In each Contract Quarter, Buyer shall be obliged to take and pay for, or pay for if not taken, a quantity of Gas at least equal to the Take or Pay Quantity for such Contract Quarter. (ii) If, in any Contract Quarter, Buyer fails to take the Take or Pay Quantity for such Contract Quarter, then Buyer shall pay Sellers an amount for the relevant Quarterly Deficiency Quantity (such amount the “Quarterly Deficiency Payment”), which shall be an amount equal to the product of: (A) the Weighted Average Gas Price applicable during such Contract Quarter; and (B) the Quarterly Deficiency Quantity for such Contract Quarter.

Quarterly Take or Pay Obligation. (i) In each Contract Quarter, Buyer shall be obliged to take and pay for, or pay for if not taken, a quantity of Gas at least equal to the Take or Pay Quantity for such Contract Quarter. (ii) If, in any Contract Quarter, Buyer fails to take the Take or Pay Quantity for such Contract Quarter, then Buyer shall pay Sellers an amount for the relevant Quarterly Deficiency Quantity (such amount the “Quarterly Deficiency Payment”), which shall be an amount equal to the product of: (A) the Weighted Average Gas Price applicable during such Contract Quarter; and (B) the Quarterly Deficiency Quantity for such Contract Quarter.Contract

Quarterly Take or Pay Obligation. (i) In each Contract Quarter, Buyer shall be obliged to take and pay for, or pay for if not taken, a quantity of Gas at least equal to the Take or Pay Quantity for such Contract Quarter. (ii) If, in any Contract Quarter, Buyer fails to take the Take or Pay Quantity for such Contract Quarter, then Buyer shall pay Sellers Seller an amount for the relevant Quarterly Deficiency Quantity (such amount the “Quarterly Deficiency Payment”), which shall be an amount equal to the product of: (A) the Weighted Average Gas Price applicable during such Contract Quarter; and (B) the Quarterly Deficiency Quantity for such Contract Quarter.

Quarterly Take or Pay Obligation. (i) In each Contract Quarter, Buyer shall be obliged to take and pay for, or pay for if not taken, a quantity of Gas at least equal to the Take or Pay Quantity for such Contract Quarter. (ii) If, in any Contract Quarter, Buyer fails to take the Take or Pay Quantity for such Contract Quarter, then Buyer shall pay Sellers Seller an amount for the relevant Quarterly Deficiency Quantity (such amount the “Quarterly Deficiency Payment”), which shall be an amount equal to the product of: (A) the Weighted Average Gas Price applicable during such Contract Quarter; and (B) the Quarterly Deficiency Quantity for such Contract Quarter.Contract

Quarterly Take or Pay Obligation. (i) In each Contract Quarter, Buyer shall be obliged to take and pay for, or pay for if not taken, a quantity of Gas at least equal to the Take or Pay Quantity for such Contract Quarter. (ii) If, in any Contract Quarter, Buyer fails to take the Take or Pay Quantity for such Contract Quarter, then Buyer shall pay Sellers an amount for the relevant Quarterly Deficiency Quantity (such amount the “Quarterly Deficiency Payment”), which shall be an amount equal to the product of:Quarterly (A) the Weighted Average Gas Price applicable during such Contract Quarter; and (B) the Quarterly Deficiency Quantity for such Contract Quarter.