Supply Crisis definition

Supply Crisis. : means the events specified in the Dutch Oil Stockpiling Act or as determined by the International Energy Agency, established in Paris.
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Supply Crisis. “: means the events specified in the Dutch Oil Stockpiling Act or as determined by the International Energy Agency, established in Paris.
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Supply Crisis means a supply crisis as declared by an institution of the European Union or the International Energy Agency;
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Examples of Supply Crisis in a sentence

  • The Eligible Storage Facility must be accessible in a Supply Crisis to all brands, taking into account the access and safety requirements of the Storage Facility.

  • They may not be encumbered with any collateral or personal surety, except when they serve as a guarantee to finance the purchase of the Reserved Stocks, insofar as this does not prevent APETRA from exercising its Disposition Right in the case of a Supply Crisis.

  • However, if Reserved Stocks under an Individual Contract have been purchased (Exercise of Option) by APETRA or another Agency in the context of a Supply Crisis in a previous period up to 120 days before the start of the Reservation Period, the start of such Reservation Period can be postponed by a period of up to 120 days for such quantity that has been exercised and provided APETRA is informed immediately of such Exercise of Option.

  • If a Supply Crisis arises during a Reservation Period, APETRA shall inform the Contracting party by means of a Notification of Supply Crisis.

  • In case of an officially declared (IEA, EC or national) Oil Supply Crisis at any time during the Reservation Period in which the Buyer is obliged to draw upon its compulsory stocks, the Buyer may exercise the option to call for the physical delivery of a quantity of the Reserved Stocks.

  • The Notification of Supply Crisis will contain any useful and available information on the Supply Crisis known to APETRA at that time.

  • The Parties expressly acknowledge that, in view of the purpose of the Contracts, as described in the Preamble to the present Framework agreement, a Supply Crisis may never constitute a case of force majeure.

  • The Notification of Supply Crisis will be sent by fax or e-mail or any other means of communication.

  • The Notification of an Oil Supply Crisis will be sent by fax or e-mail or any other means of communication.

  • The Notification of Supply Crisis will contain any useful and available information on the Oil Supply Crisis known to the Buyer at that time.


More Definitions of Supply Crisis

Supply Crisis the events specified in Art. 2, 7° of the Law2.
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Supply Crisis shall have the same meaning for the purposes of this Agreement as it has in Article 6 of the Directive.
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Supply Crisis has the same meaning as the term “major supply disruption” in Directive 2009/119/EC.
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Related to Supply Crisis

  • Crisis means a situation in which a student engages in a behavior that threatens the health and safety of the student or others and includes without limitation a situation in which the student becomes aggressive or violent at school and is unable to regain self-control without posing a danger of injury to himself or herself or others.

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Radiopharmaceutical quality assurance means, but is not limited to, the performance of appropriate chemical, biological, and physical tests on potential radiopharmaceuticals and the interpretation of the resulting data to determine their suitability for use in humans and animals, including internal test assessment, authentication of product history, and the keeping of proper records.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.