SALE AND PURCHASE OF SERVICES Sample Clauses

SALE AND PURCHASE OF SERVICES. 10 5.1 Purchase and Sale of the Service 10 5.2 Expiration of Service 10 6. COMPENSATION FOR SERVICES 10 6.1 Obligation to Pay 10 6.2 Capacity Fees 10 6.3 Use it or Lose it 13 7. TERM 13 7.1 Service Commencement Date 13 7.2 Commercial Operation Date [Delete section 7.2 in its entirety as appropriate] .............................................................................................................................................. 14 7.3 TERM 15 8. LNG TERMINAL 15 8.1 Standard of Operation 15 8.2 Facilities to be Provided 15 8.3 Modifications to Terminal Generally 15 8.4 Terminal User Inspection Rights 15 8.5 LNG Operational Heel 15 8.6 Comingling of LNG and Regasified LNG Stream 16
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SALE AND PURCHASE OF SERVICES. 3.1 Services Quantity 3.2 Customer’s Use of Services Quantity
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SALE AND PURCHASE OF SERVICES. 1. Contractor agrees to undertake the following services (and, if applicable, sell and deliver goods consequential to those services). [Describe in detail all services and products to be provided under this Agreement by the Contractor or state that a Statement of Work for services will be attached as Schedule A. State also the quantity, the date, and place of delivery.] (the "Services"). Contractor agrees to complete the specified services and deliver the required product to the FDIC at the identified place of delivery on the date designated above or in the Statement of Work. Thereafter, following inspection and acceptance, the FDIC will pay for the tendered services. FDIC agrees to pay Contractor an amount not to exceed US $ . The agreed price includes all taxes, insurance, transportation, and delivery charges.
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SALE AND PURCHASE OF SERVICES. 9 3.1 Services 9 3.2 Customer’s Use of Services 10 3.3 No Pre-Delivery Right 10
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SALE AND PURCHASE OF SERVICES. 11 3.1 Services Quantity 11 3.2 Customer’s Use of Services Quantity 12 3.3 Gas Redelivery 12 3.4 Failure to Take Delivery of Gas at Delivery Point 14 3.5 Freeport Services Manual 14 ARTICLE 4 COMPENSATION FOR SERVICES 15 4.1 Fee 15 4.2 Retainage 16 4.3 Services Unavailability 16 4.4 Construction Cost Deviation Amount and Additional Capital Costs 17 4.5 New Taxes 18 4.6 Services Provided to Other Customers 19 4.7 Certain Adjustments to Reservation Fee 19 ARTICLE 5 SCHEDULING 20 5.1 Customer LNG Receipt Schedule 20 5.2 Gas Delivery Procedure 23 5.3 Standard 25 5.4 Scheduling Representative 26 5.5 Scheduling Coordination Among Customer and Other Customers 26 ARTICLE 6 RELEASE OF SERVICES 26 6.1 General 26 6.2 Temporary Release 26 ARTICLE 7 TERM 29 7.1 Term 29 7.2 Commencement of Deliveries 29 7.3 Delay Caused by Force Majeure 31 7.4 Construction Progress Reports 31 ARTICLE 8 FREEPORT FACILITY 31 8.1 Freeport Facility 31 8.2 Modifications to Freeport Facility 33 8.3 Customer Inspection Rights 34 8.4 Responsible Practices 34 ARTICLE 9 TRANSPORTATION AND UNLOADING 36 9.1 LNG Vessels 36 9.2 Freeport Facility Marine Operations Manual 39 9.3 LNG Vessel Inspections; Right to Reject LNG Vessel 40 9.4 Advance Notices Regarding LNG Vessel and Cargoes 40 9.5 Notice of Readiness 42 9.6 Berthing Assignment 43 9.7 Unloading Time 44 9.8 Unloading at the Freeport Facility 45 9.9 LNG Vessel Not Ready for Unloading; Excess Berth Time 45
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SALE AND PURCHASE OF SERVICES 
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Related to SALE AND PURCHASE OF SERVICES

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Sale and Purchase Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase from the Company (a) the number of Firm Units set forth opposite the name of such Underwriter in Schedule A hereto, subject to adjustment in accordance with Section 8 hereof, at a purchase price of approximately $9.9863 per Firm Unit, for an aggregate discount from the price to the public of $7,500,000. The Company is advised by the Representatives that the Underwriters intend (i) to make a public offering of their respective portions of the Firm Units as soon after the effective date of the Registration Statement as in the Representatives’ judgment is advisable and (ii) initially to offer the Firm Units upon the terms set forth in the Prospectus. In addition, the Company hereby grants to the several Underwriters the option (the “Over-Allotment Option”) to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, ratably in accordance with the number of Firm Units to be purchased by each of them, all or a portion of the Additional Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units, at a purchase price of $10.00 per Additional Unit. The Over-Allotment Option may be exercised by the Representatives on behalf of the several Underwriters at any time and from time to time on or before the forty-fifth day following the date of the Prospectus, by written notice to the Company. Such notice shall set forth the aggregate number of Additional Units as to which the Over-Allotment Option is being exercised and the date and time when the Additional Units are to be delivered (any such date and time being herein referred to as an “additional time of purchase”); provided, however, that no additional time of purchase shall be earlier than the “time of purchase” nor earlier than the second business day after the date on which the Over-Allotment Option shall have been exercised nor later than the tenth business day after the date on which the Over-Allotment Option shall have been exercised. The number of Additional Units to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Units being purchased as the aggregate number of Firm Units set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm Units (subject, in each case, to such adjustment as the Representatives may determine to eliminate fractional shares), subject to adjustment in accordance with Section 8 hereof. In addition to the discount from the public offering price represented by the Purchase Price set forth in the first sentence of this Section 1, the Company hereby agrees to pay to the Underwriters a deferred discount of an aggregate of $15,437,500 for the Units purchased hereunder (the “Deferred Discount”), subject to Section 4(mm) herein. The Underwriters hereby agree that if no Business Combination is consummated within the time period provided in the Trust Agreement and the funds held under the Trust Agreement are distributed to the holders of the Common Stock included in the Units sold pursuant to this Agreement (the “Public Stockholders”), (i) the Underwriters will forfeit any rights or claims to the Deferred Discount and (ii) the trustee under the Trust Agreement is authorized to distribute the Deferred Discount to the Public Stockholders on a pro rata basis.

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

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