Relief from Volume Commitment Sample Clauses

Relief from Volume Commitment. Shipper shall be excused from delivering a portion of the Gathering Volume Commitment or the Processing Volume Commitment and making payment of any corresponding deficiency payment related thereto only under the following circumstances: (i) If Processor fails to Gather or Process at least the Gathering Volume Commitment or the Processing Volume Commitment, respectively, and such failure is not expressly excused hereunder, the applicable corresponding deficiency payment shall not apply to the extent of the affected volumes of Committed Gas; or (ii) If, due to an event of Force Majeure, on any day, Processor is unable to Gather or Process at least the Gathering Volume Commitment or the Processing Volume Commitment, as applicable, such day shall be excluded from the calculations of the Gathering Volume Commitment Deficiency Payment and/or the Processing Volume Commitment Deficiency Payment, as applicable, as if such day had not occurred during the applicable calendar quarter.
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Relief from Volume Commitment. Shipper shall be excused from delivering any portion of the Gathering Volume Commitment or the Processing Volume Commitment and making payment of any corresponding deficiency payment related thereto only under the following circumstances: (i) If Processor fails to Gather or Process any of the Committed Gas and such failure is not expressly excused hereunder; or (ii) If, due to an event of Force Majeure, Processor is unable to Gather or Process of any portion of the Committed Gas for a period greater than ten (10) consecutive days, then for each day beyond said 10-day period, the applicable corresponding deficiency payment shall not apply to the extent of the affected volumes of Committed Gas.
Sample 1
Relief from Volume Commitment. Shipper shall be excused from delivering any portion of the Gathering Volume Commitment and making payment of any corresponding deficiency payment related thereto only under the following circumstances: (i) If Gatherer fails to Gather any of the Committed Gas and such failure is not expressly excused hereunder; or (ii) If, due to an event of Force Majeure, Gatherer is unable to Gather any portion of the Committed Gas for a period greater than ten (10) consecutive days, then for each day beyond said 10-day period, the applicable corresponding deficiency payment shall not apply to the extent of the affected volumes of Committed Gas.
Sample 1
Relief from Volume Commitment. Shipper shall be excused from delivering a portion of the Gathering Volume Commitment and making payment of any corresponding deficiency payment related thereto only under the following circumstances: (i) If Gatherer fails to Gather at least the Gathering Volume Commitment and such failure is not expressly excused hereunder, the applicable corresponding deficiency payment shall not apply to the extent of the affected volumes of Committed Gas; or (ii) If, due to an event of Force Majeure, on any day, Gatherer is unable to Gather at least the Gathering Volume Commitment, such day shall be excluded from the calculations of the Gathering Volume Commitment Deficiency Payment as if such day had not occurred during the applicable calendar quarter.
Sample 1

Related to Relief from Volume Commitment

  • Time Commitment The Advisor shall, and shall cause its Affiliates and their respective employees, officers and agents to, devote to the Company such time as shall be reasonably necessary to conduct the business and affairs of the Company in an appropriate manner consistent with the terms of this Agreement. The Company acknowledges that the Advisor and its Affiliates and their respective employees, officers and agents may also engage in activities unrelated to the Company and may provide services to Persons other than the Company or any of its Affiliates.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Service Level Commitment IBM provides the following service level commitment (“SLA”) for the Cloud Service, after IBM makes the Cloud Service available to you.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Maximum Commitment The maximum aggregate amount payable by NYSERDA to the Contractor shall be the amount appearing at Item 5 of page one of this Agreement. NYSERDA shall not be liable for any costs or expenses in excess of such amount incurred by the Contractor in the performance and completion of the Work.

  • Part-Time Commitment The Hospital shall not refuse to accept an offer from an employee to make a written commitment to be available for work on a regular predetermined basis solely for the purpose of utilizing casual employees so as to restrict the numbers of regular part-time employees.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

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