Committed Quantity definition

Committed Quantity means the difference between the Baseline and the Committed Level; “Customer” means an end user of electricity, supplied by a licensed Supplier;

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Committed Quantity has the meaning specified in Section 4.1(a).

Committed Quantity has the meaning given in Section 5.4 (Committed Period Subscriptions).

Examples of Committed Quantity in a sentence

• For purposes of determining Service Fees, the High-Water Mark, and any Committed Quantity, the total number of Users and of Devices across any one Customer business entity, including all affiliates of such Customer business entity, will be summed across all such sub-accounts.

• 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.

• If the High-Water Mark of Users or of Devices for Customer exceeds the applicable Committed Quantity in any month, JumpCloud will invoice, and Customer will pay, the difference between each Committed Quantity and each High-Water Mark, based on the Service Fees calculation described in Section 3.3 (High-Water Marks), for such month.

• 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.

• 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.

• 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.

• Customer acknowledges that JumpCloud may, after informing Customer of any use of Add-Ons, charge Customer 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.

• In addition, JumpCloud may charge a different rate per User for each User in excess of the Committed Quantity in each month, as provided in the applicable Order.

• 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.

More Definitions of Committed Quantity

Committed Quantity or “Committed Quantities” means (a) beginning sixty (60) days after the end of the Construction Period, a minimum of 75% of the Eos Parties’ aggregate annual demand or requirements for Eos Electrolyte Product and any products substantially similar to composition of the Eos Electrolyte Product, and (b) 100% of the Eos Parties’ aggregate annual demand or requirements for zinc bromide products (including, without limitation, TETRA PureFlow Product), during an Annual Contract Period. 1.9 “Defect” or “Defective” when used with respect to Products shall mean any Product that materially fails to conform to the Specifications as determined during the inspection period set forth in Section 5.3. 1.10 “Eos Group” shall have the meaning assigned to such term in Section 8.1. 1.11 “Eos Party” shall have the meaning assigned to such term in the introduction above. 1.12 “Eos Purchaser” shall mean any Eos Party that issues a Purchase Order for Product hereunder, initially all Purchase Orders will be issued by HI-POWER. 1.13 “Event of Force Majeure” shall have the meaning assigned to such term in Section 9.1. 1.14 “Initial Term” shall have the meaning assigned to such term in Section 7.1. 1.15 “Intellectual Property Rights” means all trade secrets, patents and patent applications, trademarks (whether registered or unregistered and including any goodwill acquired in such trade marks), service marks, trade names, business names, internet domain names, e-mail address names, copyrights (including rights in computer software), moral rights, database rights, design rights, rights in know-how, rights in confidential information, rights in inventions (whether patentable or not) and all other intellectual

Committed Quantity shall have the meaning set forth in ARTICLE 2.1.

Committed Quantity means the quantity of Goods to be supplied as stated in the latest Quotation to contain such information or the Acknowledgement of Order (the latter taking precedence).

Committed Quantity has the meaning given in subsection 2.5.c. (Quantity; Delivery Quantity Annual Estimate; Committed Quantity).