Examples of Expected Annual Contract Quantity in a sentence
This was partially offset by higher market risk of € 0.1 billion from the changed interest rate environment affecting private client’s loans and deposits.
The Parties shall confer and agree on a schedule for the Price, Escalation Rate, (if any) Early Termination Fees, Expected Annual Contract Quantity and termination and amendment procedure for any Renewal Term.
No later than sixty 60 days after Seller provides such consent, which consent shall state the mutually agreed upon schedule for the Price, Escalation Rate, Early Termination Fees, and Expected Annual Contract Quantity for such Renewal Term, Buyer shall confirm to Seller in writing of its intent to proceed with its option to renew.
Seller shall only be obligated to Schedule and deliver Energy, Environmental Attributes and Capacity Attributes from the Generating Facility, and shall not be obligated to provide replacement Energy, Environmental Attributes and Capacity Attributes due to (i) an Outage, or (ii) an actual quantity of Output that is less than the Expected Annual Contract Quantity.
The Expected Annual Contract Quantity for the Generating Facility is approximately 14,000 MWh per Contract Year.
At the end of every month, if the Adjusted Delivered Energy is less than 90 percent of the prorated monthly amount of Expected Annual Contract Quantity, Seller shall provide an immediate report to Buyer on the reasons for such shortfall and shall take immediate steps to restore energy delivery.
Seller and Buyer acknowledge the Expected Annual Contract Quantity is based on historic electrical output produced at the Generating Facility and thus provides a reasonable expectation of electrical output during a typical year.
Seller and Buyer also acknowledge annual electrical output may vary significantly from 14,000 MWh and that during the years from 1998 through 2012 the electrical output produced at the Generating Facility has been as low as 6,578 MWh and as high as 19,854 MWh. Notwithstanding anything to the contrary herein, the establishment of the Expected Annual Contract Quantity shall not alter or modify the as-available, Unit Contingent basis for deliveries of the Output, as described in Section 3.1(b).
Documentation of any such Renewal Term and changes to Contract Price, Termination Payment, and Expected Annual Contract Quantity set forth under Exhibit 1 of the applicable Addendum shall be in the form of a subsequent Addendum.
The Parties shall confer and agree on the revised Contract Price, Termination Payment, and Expected Annual Contract Quantity set forth under Exhibit 1 of the applicable Addendum for the Renewal Term.