Base Quantity definition

Base Quantity shall have the meaning ascribed to it in Clause 5 “Contract Volume and Delivery Restrictions.”
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Base Quantity means, with respect to each Delivery Hour during the Delivery Period, the Base Unadjusted Quantity for such Delivery Hour less the Base Quantity Reduction for such Delivery Hour, each as set forth on Exhibit A-1, as Exhibit A-1 may be revised pursuant to Article VI.
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Base Quantity has the meaning specified in Section 3.1.
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Examples of Base Quantity in a sentence

  • If the defaulting party’s failure to deliver or receive all of the Base Quantity during a particular year constitutes a breach of or other violation under this Agreement, the existence of this §3.2 shall not act as a waiver by the non-defaulting party of such breach or violation, nor shall it act as a limitation on the non-defaulting party’s remedies.

  • In the event performing party makes the election, the quantity of the Make-up Tons shall be added to and shall increase the Base Quantity set forth for the Make-up Year, and non-performing party shall deliver or take delivery of such new Base Quantity (including the Make-up Tons) during the Make-up Year pursuant to a new mutually agreed delivery schedule incorporating the delivery of the additional Make-up Tons.

  • Prior to making such election, performing party may request from non-performing party adequate assurances, satisfactory to performing party, that non-performing party is capable and will deliver or take delivery of, both the Base Quantity set forth for the Make-up Year and the Make-up Tons in the Make-up Year.

  • Prior to making such election, the non-defaulting party may request from the defaulting party adequate assurances, satisfactory to non-defaulting party, that the defaulting party is capable of delivering or receiving, and will deliver or receive (i) the Base Quantity established for the Make-Up Year by this Agreement and (ii) the Make-Up Tons during the Make-Up Year.

  • In such event, for accounting and payment purposes, the first (1st) tons delivered in the Make-up Year shall be considered the Make-up Tons and deliveries will not be considered a part of the original Base Quantity set forth for the Make-up Year unless and until non-performing party has delivered or taken delivery of all of the Make-up Tons which should have been delivered in the previous year.


More Definitions of Base Quantity

Base Quantity means, for any Contract Year, a portion of PM's Annual Quantity Requirements equal to the product of (a) the applicable Base Percentage and (b) the PM's Annual Quantity Requirements. The Base Quantity is subject to reduction as provided in Section 3.8.4.
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Base Quantity has the meaning given in clause 2.1. Business Day means days excluding Saturdays, Sundays, public holidays and banking holidays in Singapore
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Base Quantity means the average daily quantity of Committed Gas for the twelve (12) months prior to Seller’s election in Section 2.06.
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Base Quantity means the quantity of Pulpwood to be Made Available to Gunns each Planning Year under this Contract in accordance with Clause 4.
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Base Quantity means in each Delivery Year one-half of the Concentrates produced by URI from its Texas Properties (up to a maximum of 600,000 pounds per Delivery Year or a total of 3,000,000 pounds for the entire Term of the Agreement);
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Base Quantity means the average daily quantity of Committed Gas for the twelve (12) months prior to Seller’s election in Section
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Base Quantity has the meaning given in clause 2.1. Bill(s) of Lading means the bill(s) of lading document or similar document for a particular shipment of Product under the terms of this agreement. Business Day means days excluding Saturdays, Sundays, public holidays and banking holidays in the Province of Quebec, Canada. Certificate of Analysis has the meaning given in clause 9.
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