Examples of Arrival Period in a sentence
The Arrival Period shall be: [ ] The Allowed Laytime shall be: [ ] hours.
The [guarantee] [letter of credit] shall remain in place for [] Days following the expiry of the Arrival Period and the value of the [guarantee] [letter of credit] required by Seller from Buyer shall be [].] [Seller shall provide [a guarantee from a Parent Company] [an irrevocable standby letter of credit] by the earlier of: [(i) five (5) Days from the date of execution of this Confirmation Notice; and (ii) five (5) Days prior to the commencement of the Arrival Period].
The [guarantee] [letter of credit] shall remain in place for [ ] Days following the expiry of the Arrival Period and the value of the [guarantee] [letter of credit] required by Seller from Buyer shall be [ ] .] [Seller shall provide [a guarantee from a Parent Company] [an irrevocable standby letter of credit] by the earlier of: [ (i) five (5) Days from the date of execution of this Confirmation Notice; and (ii) five (5) Days prior to the commencement of the Arrival Period].
Its amount shall be equal to the product of the Nominal Quantity multiplied by the closing price (in USD per MMBtu) on the 10th day (or the following trading day if the 10th day is not a trading day) of the month preceding the month of the Arrival Period on the trading exchange owned or operated by the New York Mercantile Exchange, Inc.
The delivery by Seller of any of the LNG Cargo Lots provided for herein shall be subject to the reception by Seller not later than the 15th day of the month preceding the month of the Arrival Period for the applicable LNG Cargo Lot of a stand-by letter of credit, issued by a financial institution rated not less than A3 (Xxxxx’x) or A- (Standard & Poors), substantially in the form as attached in Exhibit A.
If LICENSEE fails to remove the lien within such time period, in addition to its other remedies under this SLA, UNIVERSITY may undertake to cause such lien to be removed and charge to LICENSEE any costs and expenses incurred in connection with the removal of said lien.
This letter of credit shall be valid until the (15th) day of the second month following the month in which the respective Arrival Period falls.
The Parties’ accounts for the purpose of receiving payment under the Master Agreement: Seller: Buyer: Bank: [ ] [ ] Address: [ ] [ ] Account No: [ ] [ ] Account Name: [ ] [ ] Sort Code: [ ] [ ] Credit Support [Buyer shall provide [a guarantee from a Parent Company] [an irrevocable standby letter of credit] by the earlier of: [(i) five (5) Days from the date of execution of this Confirmation Notice; and (ii) five (5) Days prior to the commencement of the Arrival Period].
By giving Seller notice at least six (6) days prior to the scheduled Arrival Period, Buyer may request that the affected cargo be delivered at an alternate receiving terminal in North America where Buyer may have regasification capacity.
Termination for Force Majeure If, as a result of Force Majeure: Buyer is not able, or will not be able, to receive all or part of the Nominal Quantity in respect of an LNG Cargo; and/or Seller is not able, or will not be able, to deliver all or part of the Nominal Quantity in respect of an LNG Cargo, during the Arrival Period, then the Parties shall use reasonable efforts to re-schedule the delivery and acceptance of such LNG Cargo (in which case a new Arrival Period will be set).