Buyer's Requirements definition
Examples of Buyer's Requirements in a sentence
During the term of this agreement, Buyer shall purchase, and ▇▇▇▇▇▇▇▇▇'▇ shall sell to Buyer, Buyer's Requirements for Products.
In each Contract Year, Buyer shall determine Buyer's Requirements (as defined in this Section 3.02(f)) for that Contract Year, subject to the Annual Minimum and Annual Maximum set forth above.
If on any Gas Day, ------------------------------------------------- Buyer purchases from a third party any portion of Buyer's Requirements Quantity for which delivery is tendered by Seller, then such occurrence shall constitute a "Buyer's Deficiency Default" and "Buyer's Deficiency Quantity" shall be the quantity of Gas Buyer purchased from third parties on such Gas Day.
In such event, upon not less than thirty (30) days notice, Buyer shall have the right to direct Seller not to operate the Facility to supply Buyer's Requirements for the term of such contract.
Each month during the term of this Agreement the Buyer will provide Supplier in writing with its best preliminary estimate of the Buyer's Requirements for Rotor Products for each of the next three (3) to six (6) months as well as an indication of its anticipated Ancillary Products purchases for the next three (3) to six (6) months.
Upon not less than thirty (30) days notice to Seller, Buyer may execute a written contract with any Third Party (including any party producing electricity on the Bayway Property) for Buyer's Requirements that is for a term of at least three (3) years, and pursuant to which neither party either 94 100 acting alone or acting together has a right to terminate (other than for breach or force majeure) within such period, and does not result from a proposal brought to Buyer by Seller.
Seller represents and warrants that it will ------------------------ have and maintain a supply of Gas capable of being delivered to the Delivery Points, which will include LNG as described in the Asset Management Agreement, sufficient to satisfy Buyer's Requirements Quantity.
Seller desires to supply Buyer's Requirements as herein defined and pursuant to the terms and conditions set forth below.
If on any Gas Day Seller fails to deliver --------------------------- Buyer's Requirements Quantity, then such occurrence shall constitute a "Seller's Deficiency Default" and "Seller's Deficiency Quantity" shall be the numerical difference between the actual Buyer's Requirements Quantity and the amount of Gas actually delivered for such Gas Day.
The price which Buyer agrees to pay to Seller, and Seller agrees to accept from Buyer, on and after the Commercial Operations Date for Buyer's Requirements is set forth in Exhibit A, which is inclusive of all Taxes on the delivery, purchase and sale of Electricity hereunder as of the date of execution hereof.