Examples of Performance Ratio in a sentence
In the event that the liquidated damages payable or reduction in the Price under set out in Clause 15 (Guaranteed Capacity and Performance Ratio) are found to be void or unenforceable for any reason, the Project Company is entitled to recover damages from Supplier under applicable Law.
The amounts payable under Clause 15 (Guaranteed Capacity and Performance Ratio) shall be the sole and exclusive financial remedies of the Project Company in respect of failure of the Facility to achieve the Minimum Guaranteed Capacity, the Contracted Capacity, the Guaranteed Performance Ratio and the Minimum Guaranteed Performance Ratio.
If for each successive twelve (12)-month period during the Performance Testing Period (other than due to a Relevant Event to which Clause 13 (Extensions of Time and Loss and Expense) or Clause 31 (Change in Law and Economic Stabilisation) apply, the Facility fails to meet the Guaranteed Performance Ratio, the Supplier shall pay Performance Liquidated Damages to the Project Company.
The Parties agree and intend that the provisions of Clause 12 (Commencement and Completion) and Clause 15 (Guaranteed Capacity and Performance Ratio) shall be fully enforceable by any court or tribunal exercising jurisdiction over any Dispute between the parties arising under this Agreement.
The Supplier guarantees that during the Performance Testing Period the Facility will meet the Guaranteed Performance Ratio.