Contracted Grade definition

Contracted Grade means the Grade of Coal specified in Annexure III to be supplied to the Purchaser in accordance with the terms of this Agreement;
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Contracted Grade means the Grade of Coal specified in X X X EX U R E I I I ANNEXURE I to be supplied to the Purchaser in accordance with the terms of this Agreement;
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Examples of Contracted Grade in a sentence

  • Bills shall be prepared by the Seller on the basis of the Contracted Grade of Coal.

  • The Seller shall resume the Contracted Grade of Coal supplies within three (3) days of payment/ adjustment of the outstanding amount together with interest as also the full replenishment of Performance Security and additional performance security, if applicable or Financial Coverage, as the case may be.

  • The Purchaser shall ensure that at all times the amount of the Financial Coverage BG is not less than the estimated As Delivered Price of Coal for thirty (30) days of Coal supplies, i.e. ACQ/12, subject to a minimum amount equivalent to the As Delivered Price of Coal of 1 (one) rake-load of the Contracted Grade of Coal.

  • Additional costs incurred due to supply of the Contracted Grade of Coal at the Secondary Source(s) shall be borne by the Purchaser.

  • The Seller shall have the right to suspend supplies of the Contracted Grade of Coal or invoke the Performance Security and additional performance security, if applicable without any notice, in the event that there is no valid and subsisting Financial Coverage BG for the amount stated hereinabove as per Clause 13.2.1 and the Purchaser has not deposited any payment (by banker’s cheque/ demand draft) in lieu of such Financial Coverage BG.

  • The Seller shall raise the Coal supply bills on a rake-to-rake basis for delivery of the Contracted Grade of Coal by rail.

  • Bills for delivery of the Contracted Grade of Coal by road shall be prepared by the Seller on a periodical basis.

  • Further, in case of supply of the Contracted Grade at the Secondary Source, the Purchaser shall accept the Contracted Grade of Coal directly from such Secondary Source(s).

  • In the event of any delay in renewing the Financial Coverage BG, as an interim measure, the Purchaser will be allowed to lift supplies of the Contracted Grade of Coal subject to making payment to the Seller by banker’s cheque/ demand draft or through any other payment mode as notified by the Seller of an amount equivalent to the value of the Financial Coverage BG immediately prior to its expiry.

  • The Purchaser shall accordingly be required to deposit demand draft / banker’s cheque along with a debit advice issued by the drawee bank to the tune of the value of the Contracted Grade of Coal in rake loads to be offered as per the notice, within forty-eight (48) hours of such notice.

Related to Contracted Grade

  • Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Highest adjacent grade means the highest natural elevation of the ground surface prior to construction next to the proposed walls of a structure.

  • Investment Grade means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

  • Required Rating means a short-term unsecured debt rating of “A-1+” by S&P Global Ratings and “F1+” by Fitch.

  • Xxxxx’x Rating means, at any time, the rating issued by Xxxxx’x and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.