Examples of Container Volume in a sentence
If Carrier requests PHA to allow a new waterborne service (“New Service”) carrying Carrier’s cargo to call Bayport Terminal or Barbours Cut Terminal and PHA denies such request due to a decision, condition, or circumstance under the control of PHA, Carrier’s loaded containers that are moved by the New Service and delivered to or loaded at the Terminal Region shall be included in the Cargo Commitment but shall not be counted toward Carrier’s Container Volume in determining Carrier’s Commitment Discount.
The reduction in throughput and empty charges hereunder resulting from application of Commitment Discounts to loaded throughput and empty handling charges, based on annualized Container Volume, shall be deemed to comprise an additional portion of the Commitment Discount provided to Carrier.
If PHA later consents in writing to Carrier’s request and Carrier fails to begin the New Service at either Terminal within sixty (60) days of PHA’s consent, Carrier’s loaded containers that are moved by the New Service and delivered to or loaded at the Terminal Region shall no longer be included in the Cargo Commitment and shall not be counted toward Carrier’s Container Volume in determining Carrier’s Commitment Discount.
No credits shall be granted by PHA, nor additional charges assessed by PHA, in the event the Container Volume actually experienced during a six-month period is more or less than the Container Volume for such period as determined in Section 3(f)(iv) or 3(f)(v).
If during the Term of this Agreement, PHA enters into a lease agreement with a third party terminal operator for operation of a container terminal facility (“Future PHA-Third Party Leased Facility”) within the Terminal Region (as hereinafter defined), Carrier’s loaded containers that are moved through such terminal facility may be counted toward Carrier’s Container Volume for the applicable Determination Period in determining Carrier’s Commitment Discount under this Agreement.
The Parent Company has two types of dilutive potential ordinary shares, Management Long Term Incentive Plan share rights (refer note 24) and Container Volume Commitment Agreement share rights (refer note 16).
Top World Container Ports and Maritime Shipping Container Volume.
During the period the Container Volume Commitment Agreement was extended by seven years and now expires on 31 July 2031.The increase in the reserve of $1.3m (2019: $1.3m) recognises the shares earned based on containers delivered during the period.
The shares are subject to a call option allowing the Port of Tauranga Limited to “call” shares back at zero cost if Kotahi fails to meet the volume commitments specified in the 10 year Container Volume Commitment Agreement.
No credits shall be granted by PHA, nor additional charges assessed by PHA, in the event the Container Volume actually experienced during a six-month period is more or less than the Container Volume for such period as determined in Section 3(d)(iv) or 3(d)(v).