Failed Quantity definition

Failed Quantity shall have the meaning ascribed to it in Clause 5.6.1;
View Source
Failed Quantity shall have the meaning as ascribed to it in the clause 4.9.1 dd) “First Delivery Date” shall have the meaning ascribed to it in Clause 2.6
View Source
Failed Quantity shall have the meaning ascribed to it in Clause 3.12 “Final Invoice” shall have the meaning ascribed to it in Clause 7.4.
View Source

Examples of Failed Quantity in a sentence

  • The Level of Delivery/ Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

  • Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

  • Level of Delivery / Lifting of Coal in a Year Rate of compensation for the Failed Quantity in terms of Base Price of the highest Grade, as shown in Schedule II Formula for calculation of compensation 1 Less than 100% but upto 50% of ACQ NIL NIL 2 Below 50% of ACQ 10% 0.1 x P x [((100-LD or LL) – 50)/100] x ACQ) where P shall be the simple average of base prices grades as shown in the Schedule II.

  • Failed Quantity shall be payable by the defaulting Party to the other Party within a period of 15 (fifteen) days from the date of receipt of a claim in this regard from the non-defaulting Party.