Examples of High Hazard Fuel Requirement in a sentence
If Seller is the defaulting Party, then Seller shall pay Buyer an amount that compensates Buyer for Buyer’s overpayment for Product resulting from the Seller’s failure to meet the High Hazard Fuel Requirement or Fuel Resource Requirements during the applicable Calendar Year(s) (“Fuel Use Default Payment”).
Fuel Requirement] [Seller fails to submit to Buyer the Annual Fuel Attestation on or before the Annual Fuel Attestation Deadline;] [For all Projects with a High Hazard Fuel Requirement] Seller fails to submit to Buyer the Annual Fuel Attestation and the Verification of Fuel Source and Delivery on or before the Annual High Hazard Fuel Attestation Deadline.
The fuel resource(s) Seller used or caused to be used to operate the Facility during the Calendar Year (Fuel Use) [met] [did not meet] the Fuel Resource Requirements and High Hazard Fuel Requirement.
Calculation of Settlement Amount [and Termination Payment] [For all Projects with a High Hazard Fuel Requirement].
Buyer may reasonably rely on Seller’s properly completed and timely submitted Annual Fuel Attestations as evidence of Seller’s compliance with the applicable High Hazard Fuel Requirement and Fuel Resource Requirements.
Seller and Buyer will use the Quarterly Fuel Usage Log and the data provided in Section 3 of this Appendix L to monitor progress with the Fuel Resource Requirements and High Hazard Fuel Requirement.
Fuel volume delivered during the Calendar Quarter, and progress toward meeting the Fuel Resource Requirements and High Hazard Fuel Requirement, is documented in the attached Microsoft Excel Spreadsheet (“Quarterly Fuel Usage Log”), using the template provided by Buyer after execution of this Agreement.