Examples of Committed Quantity in a sentence
In the event that any such Qualified Offtake Agreement has terminated, the Borrower shall designate another Qualified Offtake Agreement or enter into and designate one or more additional Qualified Offtake Agreements within 180 days following such termination to the extent necessary to meet the Base Committed Quantity.
If the High-Water Mark of Users or of Devices for an End Customer exceeds the applicable Committed Quantity in any month, JumpCloud will invoice, and Partner will pay, the difference between each Committed Quantity and each High-Water Mark, based on the Service Fees calculation described in Section 5.3 (High-Water Marks), for such month.
Partner acknowledges that JumpCloud may, after informing Partner of any use of Add-Ons, charge Partner the specified additional fees for such Add-Ons, based on the highest Committed Quantity for any line-item in any Order or the High-Water Mark with respect to any line-item in any Order.
Upon the Relinquishment Date, the Relinquished Quantity shall be deducted from the Committed Quantity in effect as of the date of the Relinquishment Notice, and the difference shall become the new Committed Quantity under this Agreement unless and until later modified pursuant to this Section 3.4.1.
Thus, the Non-Usage Fee payable pursuant to Section 5.2, below, shall be calculated by subtracting the Delivered Effluent Quantity in the relevant calendar year (DQ) and the total Representative Usage (RU) in that same year from the Committed Quantity in such year (CQ) and multiplying the difference by 30 percent of the Average Per Acre-Foot Price (AP) applicable in that year; or [(CQ – DQ – RU) x AP x .30].
Payment of such amount shall be deemed to be liquidated damages for Buyer’s breach of its obligation to purchase the Committed Quantity.
Any use of the Committed Quantity by the SROG Cities or any of them and by others claiming by, through, or under the SROG Cities or any of them (other than the Preexisting Users) shall be subordinated to the rights of the Palo Verde Participants pursuant to this Agreement.
Data button at the bottom of the screen.• From there, you can see the Reservation Number, Requirement Data & Time, Requirement Quantity & UoM, Committed Quantity (reserved qty), Withdrawal Quantity (issued qty), Movement Type.
Subject to Sections 3.5 and 7.2, below, Phoenix shall not be required to deliver more than the Committed Quantity of Effluent each calendar year under this Agreement.
This target was prioritised as a direct result of many land managers asking for information from the WEWG around the question, “What does the carbon market mean for me if I do revegetation on my property?” In May 2013 this was a hard question to answer as the information was just not available in a local context with any certainty.