Examples of Level of Lifting in a sentence
This Agreement may be terminated upon the occurrence of any of the following events of default and in the manner specified hereunder: In the event that the Level of Delivery falls below thirty percent (30%) or the Level of Lifting falls below thirty percent (30%), the Purchaser or the Seller, as the case may be, shall have the right to terminate this Agreement, after providing the other Party with prior written notice of not less than thirty (30) days.
Level of Lifting with respect to a Year shall be calculated in the form of percentage as per the following formula: Level of Lifting (LL) = (ACQ-DDQ) X 100 ACQ Where: LL = Level of Lifting of Coal by the Purchaser during the Year.