Fixed Price Term definition

Fixed Price Term means the term for which the Price specified in the relevant Product Schedule at the time of signing will remain fixed, as specified in item C.3 of the relevant Product Schedule.

Fixed Price Term means for qualifying facilities electing to sell firm energy or firm capacity or both, the period of a power purchase agreement during which the public utility is contracted to pay the qualifying facility avoided cost rates determined either at the time of contracting or at the time of delivery.

Fixed Price Term means the term for which the Price specified in the relevant Product Schedule will remain fixed, as specified in Part C.3 of the relevant Product Schedule.

Examples of Fixed Price Term in a sentence

• If Customer is receiving natural gas or electric generation supply service at a Fixed Price, Customer will be billed at the Fixed Price indicated on the first page of this Agreement for the Initial Fixed Price Term, subject, among other things, to Section 5(e) and Section 18 of this Agreement.

• Any such action is subject to legal and contractual remedies available to the District inclusive of, but not limited to, contract cancellation, suspension and/or debarment of the contractor3.CONTRACT TYPE: Fixed Price Term.

• Any reduction to the 15-year Fixed Price Term under 2.1.2 will be taken from the end of the Fixed Price Term.2.1.3 The Variable Price Term starts the day after the Fixed Price Term ends and ends on the five-year anniversary of the Variable Price Term start date.2.2 Milestones.¶Time is of the essence in the performance of this Agreement, and Seller’s completion of the Facility and delivery of Net Output by the Scheduled Commercial Operation Date is critically important.

• Fixed Price Term The QF Trade Associations recommend revising the contract term indicated in Staff’s Draft Rules at OAR 860-029-0120(5) and 860-029-0130(2) to incorporate the 20-year fixed price term required by Oregon law.

• The contract shall be a Fixed Price Term contract for a period of one (1) initial year with an option for annual renewal for a maximum of four (4) additional years.

• The Fixed Price Term is the number of years that You choose to fix Your price for.

• If Customer is receiving natural gas or electric generation supply service at a Fixed Price, Customer will be billed at the Fixed Price indicated on the first page of this Agreement for the Initial Fixed Price Term, subject, among other things, to Section 5(f) and Section 18 of this Agreement.

• If Buyer and Seller fail to agree upon a Market Index for Electricity or any component of Electricity at an EDP by (i) six (6) Months prior to the end of the Fixed Price Term or the Extended Fixed Price Period or (ii) at any time thereafter, Seller shall direct Buyer (by Notice to Buyer) to auction and sell thesuch Electricity available at eachthat EDP to third parties in accordance with the procedures set forth in this Section 4.4 (the “Auction Procedure”).

• In addition, if Customer terminates this Agreement prior to the end of the Initial Fixed Price Term or Initial Index Price Term, Customer shall pay Marathon all outstanding gas and/or electric supply charges and other amounts owing to Marathon as well all reasonable attorneys' fees and expenses incurred by Marathon in connection with Marathon's attempt to collect and recover same.

• The contract shall be a Fixed Price Term contract for a period of three (3) initial years with an option for annual renewal for a maximum of four (4) additional years.

More Definitions of Fixed Price Term

Fixed Price Term means the term for which the price specified in Product Schedule at the time of signing will remain fixed, as pecified in Part C of Product Schedule; ‍ Hidden Defect means a damage, defect, which occurred prior to the delivery,or the Products’ non-conformance with Specifications,not detectible and not ascertained by the exercise of reasonable diligence and appropriate visual inspection of the Products or physical samples of the Products upon examination on receipt of such shipment; Intellectual Property means all patents, trademarks, utility certificates and models, inventors’ certificates, copyrights, database rights, designs, domain names, trade secrets, know-how (and all rights in know-how) and any other proprietary rights, priority rights, prior user rights, rights in Confidential Information and all other rights of a like nature in each case whether registered or unregistered and in any jurisdiction; GoodsProducts means those products manufactured by UCB for supply under this Agreement, which conform to the requirements of Quality Assurance Agreement, Product Schedule and Product Requirements Schedule (if any) agreed between the Parties, and as defined and described in more detail in a Purchase Order and a Purchase Order Confirmation; Quality Assurance Agreement (or,QAA) Quality Assurance Agreement agreed by the Parties relating to the Products, and its amendment (if any). Performance Management details of which are set out in Part E of Product Schedule Purchase Order means a purchase order for the supply of a certain quantity of GoodsProducts submitted by the Purchaser in accordance with this Agreement (as may be amended by the Purchaser following discussions with UCB) and, when final, in a form acceptable to UCB;

Fixed Price Term means a term for which the Price will remain fixed as specified in Exhibit 1.

Fixed Price Term means March 1, 2022 through and including February 28,

Fixed Price Term means the term for which the price of Product at the time of signing will remain fixed; Hidden Defect means a damage, defect, which occurred prior to the delivery, or the Product’s non-conformance with Specifications, not detectible and not ascertained by the exercise of reasonable diligence and appropriate visual inspection of the Product or physical samples of the Product upon examination on receipt of such shipment; Initial Term its meaning is set out in clause 16.01;