Quarterly Seller Supply Deficiency definition

Quarterly Seller Supply Deficiency. The Seller shall provide the discount to the Buyer by way of credit note on the Quarterly Seller Supply Deficiency in that Quarter (“Quarterly Price Adjustment”). The Quarterly Price Adjustment for any Quarter shall be an amount equal to Quarterly Seller Supply Deficiency in that Quarter multiplied by Ten percent (10%) of the arithmetic average Sales Gas price in USD/MMBTU on GCV basis during that Quarter. The rate of exchange to be applied to convert the Price adjustment amount calculated in USD to INR shall be as per Clause 10.5. The Quarterly Price Adjustment shall be Buyer’s sole remedy for Seller’s failure to make available Sales Gas available for delivery under this Agreement.
Quarterly Seller Supply Deficiency. The Seller shall pay the Buyer a penalty on the Quarterly Seller Supply Deficiency in that Quarter (“Quarterly Shortfall Penalty”). The Quarterly Shortfall Penalty for any Quarter shall be an amount equal to Quarterly Seller Supply Deficiency in that Quarter multiplied by Ten percent (10%) of the weighted-average gas price in USD/MMBTU on Gross Heating Value basis during that Quarter. The rate of exchange to be applied to convert the Shortfall Penalty amount calculated in USD to INR shall be as per Clause 10.5.

Examples of Quarterly Seller Supply Deficiency in a sentence

  • It will contain the details of QGNT Quantity, QGNT Amount, Makeup Gas and Quarterly Seller Supply Deficiency, Quarterly Price Adjustment as applicable.

  • It will contain the details of MGNT Quantity, MGNT Amount, Makeup Gas and Quarterly Seller Supply Deficiency, Quarterly Price Adjustment as applicable.

  • The Quarterly Shortfall Penalty for any Quarter shall be an amount equal to Quarterly Seller Supply Deficiency in that Quarter multiplied by Ten percent (10%) of the weighted-average gas price in USD/MMBTU on Gross Heating Value basis during that Quarter.

  • It will contain the details of AGNT/QGNT Quantity, AGNT/ QGNT Amount, Makeup Gas and Quarterly Seller Supply Deficiency, Quarterly Price Adjustment as applicable.

  • The Seller shall pay the Buyer a penalty on the Quarterly Seller Supply Deficiency in that Quarter (“Quarterly Shortfall Penalty”).

Related to Quarterly Seller Supply Deficiency

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  • CONTRACT END DATE Contract performance shall terminate as of December 31, 2027, with no new obligations being incurred after this date unless the Contract is properly amended, provided that the terms of this Contract and performance expectations and obligations shall survive its termination for the purpose of resolving any claim or dispute, for completing any negotiated terms and warranties, to allow any close out or transition performance, reporting, invoicing or final payments, or during any lapse between amendments. CERTIFICATIONS: Notwithstanding verbal or other representations by the parties, the “Effective Date” of this Contract or Amendment shall be the latest date that this Contract or Amendment has been executed by an authorized signatory of the Contractor, the Department, or a later Contract or Amendment Start Date specified above, subject to any required approvals. The Contractor certifies that they have accessed and reviewed all documents incorporated by reference as electronically published and the Contractor makes all certifications required under the Standard Contract Form Instructions and Contractor Certifications under the pains and penalties of perjury, and further agrees to provide any required documentation upon request to support compliance, and agrees that all terms governing performance of this Contract and doing business in Massachusetts are attached or incorporated by reference herein according to the following hierarchy of document precedence, the applicable Commonwealth Terms and Conditions, this Standard Contract Form, the Standard Contract Form Instructions and Contractor Certifications, the Request for Response (RFR) or other solicitation, the Contractor’s Response (excluding any language stricken by a Department as unacceptable, and additional negotiated terms, provided that additional negotiated terms will take precedence over the relevant terms in the RFR and the Contractor’s Response only if made using the process outlined in 801 CMR 21.07, incorporated herein, provided that any amended RFR or Response terms result in best value, lower costs, or a more cost effective Contract.

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