Seller Delivery Event Sample Clauses

Seller Delivery Event. If, during any Month, (i) Seller fails for any reason (other than Force Majeure or any other reason excusing performance of Seller's obligation to deliver Committed Gas hereunder) to deliver ninety-five percent (95%) of the quantities set forth in Seller's Estimate at each Aggregation Area (defined as a "Seller Delivery Event"), and (ii) Buyer, acting in a commercially reasonable manner to mitigate any damages, purchases Gas to replace such quantities in order to satisfy Buyer's Contractual Obligations (as defined in Section 9.2) to third parties for the Month in question existing prior to Buyer's knowledge of any shortfalls, then Seller shall pay Buyer, in accordance with the provisions of Article VIII, an amount equal to the product of (x) the positive difference between (A) the price per MMBtu actually paid by Buyer for the replacement quantities and (B) the Contract Price that Buyer would have paid Seller for the quantities of Committed Gas not delivered by Seller and (y) the quantities of such replacement Gas purchased by Buyer. Seller shall also pay Buyer, in accordance with the provisions of Article VIII, the amount of any incidental out-of-pocket costs reasonably incurred by Buyer (including, by way of example rather than enumeration, brokers' fees and any incremental transportation costs), less any expenses saved by Buyer, as a result of such Seller Delivery Event. Nothing herein shall be construed as relieving Seller from liability for an Imbalance Charge arising under Section 11.3.
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Seller Delivery Event. If, during any Day, Seller fails for any reason (other than Force Majeure as defined in Article X or any other reason excusing performance of Seller's obligation to deliver Committed Gas hereunder) to deliver 100% of the Baseload Quantity from an Aggregation Area (defined as a "Seller Delivery Event"), then Seller shall pay Buyer, in accordance with the provisions of Article VIII, an amount equal to the product of (x) the positive difference, if any, between (A) the Swing Price per MMBtu applicable to Gas from the Aggregation Area, minus (B) the Baseload Price that Buyer would have paid Seller for the quantities of the Baseload Quantity not delivered by Seller from the applicable Aggregation Area, and (y) the quantities of such Baseload Quantity not delivered. If, for any Month for which Seller has selected a Baseload Designated Percentage between 60% and 80%, inclusive, for each Aggregation Area, during any Day of the subject Month a Seller Delivery Event occurs with respect to deliveries from an Aggregation Area, then Buyer shall pay Seller, in accordance with the provisions of Article VIII, an amount equal to the product of (x) the positive difference, if any, between (A) the Baseload Price that Buyer would have paid Seller for the quantities of the Baseload Quantity not delivered by Seller from the applicable Aggregation Area, and (B) the Swing Price applicable to such Gas, and (y) the quantities of such Baseload Quantity not delivered. In the event daily deliveries are incapable of being determined because the measuring party does not provide daily quantities, then it will be assumed that Seller delivered on each Day of a Month from an Aggregation Area a quantity equal to the actual monthly quantity allocated prorata based on daily nominations. If daily nominations are unavailable, the daily quantity will be equal to the monthly quantity for the Aggregation Area divided by the number of days in the Month. Nothing herein shall be construed as relieving Seller from liability for an Imbalance Charge under Section 11.3. Any amounts due Seller or Buyer hereunder shall be paid in accordance with Article VIII.
Seller Delivery Event. If, during any Month, Seller fails for any reason (other than Force Majeure or any other reason excusing performance of Seller's obligation to deliver Committed Gas hereunder) to deliver 100% of deliverable Committed Gas required to be delivered in accordance with Section 4.1 (subject in all respects to the next-to-last grammatical sentence of this Section 4.2(a), a "Seller Delivery Event"), and Buyer, acting in a commercially

Related to Seller Delivery Event

  • Seller Deliveries At the Closing, Seller shall deliver to Purchaser:

  • Purchaser Deliveries At the Closing, Purchaser shall deliver to Seller:

  • Buyer Deliveries At the Closing the Buyer shall deliver to the Company the Purchase Price.

  • Closings Delivery (a) The purchase, sale and issuance of the Notes shall take place at one or more closings (each of which is referred to in this Agreement as a “Closing”). The initial Closing (the “Initial Closing”) shall take place remotely via the exchange of documents and signatures on the date hereof, or at such other time and place as the Company and the Purchasers mutually agree, either orally or in writing.

  • Closing; Delivery (a) The purchase and sale of the Shares shall take place remotely via the exchange of documents and signatures, at such time and place as the Company and the Purchaser mutually agree upon, orally or in writing (which time and place are designated as the “Closing”).

  • Sale and Delivery to Underwriter Closing (a) On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company agrees to sell to each Underwriter, and each Underwriter, severally and not jointly, agrees to purchase from the Company, at 98.875% of the principal amount thereof, the aggregate principal amount of Securities set forth in Schedule B opposite the name of such Underwriter, plus any additional aggregate principal amount of Securities which such Underwriter may become obligated to purchase pursuant to the provisions of Section 10 hereof.

  • Sale and Delivery to Underwriters Closing (a) The several commitments of the Underwriters to purchase the Underwritten Securities pursuant to the applicable Terms Agreement shall be deemed to have been made on the basis of the representations and warranties herein contained and shall be subject to the terms and conditions set forth herein or in the applicable Terms Agreement.

  • Purchaser Closing Deliveries At the Closing, Purchaser shall deliver, or cause to be delivered, the following:

  • Purchaser Deliverables Such Purchaser shall have delivered its Purchaser Deliverables in accordance with Section 2.2(b).

  • Seller Deliverables At the Closing, the Seller shall deliver to the Purchaser:

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