Underdelivery. If in respect of an hour and/or a Day the Contract Quantity exceeds the Delivered Quantity by reason of the Seller’s Default, the Seller shall pay to the Buyer as compensation for its resulting losses (if any) an amount (if positive) equal to: (a) the Buyer’s Balancing Charges; minus (b) the product of the Default Quantity and the Contract Price.
Appears in 6 contracts
Samples: Logistic Swap Agreement, Logistic Swap Agreement, Logistic Swap Agreement
