Examples of PIS Purchase Order in a sentence
Amounts earned by Seller pursuant to this Clause 6.7 shall be due and payable by Buyer to Seller upon the completion of delivery by Seller of all Components (as such term is defined in the PIS Purchase Order) of the power island system in accordance with the PIS Purchase Order.
One or more Purchasers intends to purchase from the applicable Sellers up to [***] Power Island Systems (in addition to Power Island Systems purchased pursuant to the First PIS Purchase Order, the Second PIS Purchase Order and the Third PIS Purchase Order) pursuant to one (1) or more PIS Purchase Orders, subject to the terms and conditions of this Agreement.
If the PIS LNTP is issued less than [***] prior to the issuance of the PIS FNTP, the delivery schedule for the applicable PIS Purchase Order shall be extended day for day for each day the PIS LNTP was issued less than [***] prior to the issuance of the PIS FNTP.
In the event delivery dates for a Simple Cycle Component or Other Component (such terms are defined in the applicable PIS Purchase Orders) under a PIS Purchase Order overlap with or occur within [***] of the delivery date of the last equivalent Simple Cycle Component or Other Component under the preceding PIS Purchase Order, the parties shall negotiate in good faith the delivery dates under such subsequent PIS Purchase Order.
As applicable under a PIS Purchase Order, if Seller identifies specific supply chain constraints to the Simple Cycle Components or Other Components in such PIS Purchase Order, Seller shall have the right to demonstrate those concerns to Buyer no later than thirty (30) days prior to expected date of issuance of the PIS Purchase Order, and Buyer and Seller shall reasonably negotiate in good faith the scope, schedule and amount to be paid under the PIS LNTP under such PIS Purchase Order.
Notwithstanding Section 2.1(b)(i), VGLNG and BH acknowledge and agree that, subject to Section 2.3(b)(iv), neither VGLNG nor any Purchaser shall be obligated to purchase or pay for, and neither BH nor any Seller shall be obligated to sell or supply, any of the Power Island Systems unless or until a definitive PIS Purchase Order is executed by the applicable Purchaser and the applicable Seller.
The foregoing reservation of manufacturing capacity shall expire, if at all, on [***] (the “Fourth PIS Order End Date”) if a Purchaser has not executed a definitive purchase agreement in the form attached hereto as Exhibit B for one (1) Power Island System, which at Purchaser’s election may be comprised of Tranche A and Tranche B (a “PIS Purchase Order”) (such PIS Purchase Order, the “Fourth PIS Purchase Order”) on or before the Fourth PIS Order End Date.
In no event shall this Agreement be interpreted or construed to amend, modify, supplement or waive any provision of the First LTS Purchase Order, the First PIS Purchase Order, the Second LTS Purchase Order, the Second PIS Purchase Order, the Third LTS Purchase Order or the Third PIS Purchase Order in any respect.
VGLNG and BH acknowledge and agree that the amounts payable with respect to the services performed under the PIS LNTP for a PIS Purchase Order, not including any amount that may be due in connection with a termination of the PIS Purchase Order, shall be payable in accordance with the payment schedule set forth in Appendix B to Exhibit B of this Agreement and shall not exceed [***].
Upon Purchaser’s notice (in its sole discretion), Purchaser and Seller shall negotiate in good faith the inclusion of the supply of any such additional power generation equipment in the applicable PIS Purchase Order, including any special terms and conditions that may be required for such scope of supply; provided for the avoidance of doubt that the relevant Purchaser shall have no obligation to purchase such additional power generation from BH or a Seller.