Take or Pay Quantity definition

Take or Pay Quantity means for each Contract Quarter, ninety percent (90%) of the Quarterly Offtake Quantity for such Contract Quarter less the sum of the following quantities for each Day during such Contract Quarter (but without double counting any of the following quantities):

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Take or Pay Quantity means the quantity of e-Bid RLNG calculated in accordance with Article 6.1.

Take or Pay Quantity or TOP Quantity” is defined in Clause 4.3 (b).

Examples of Take or Pay Quantity in a sentence

• Upon and for the duration of such suspension, Sellers shall be relieved of their obligation to make Gas available for delivery to Buyer under this Agreement, but Buyer shall not be discharged of any of its obligations under this Agreement including Buyer’s obligations under Clause 10 to take and pay for, or pay for if not taken a quantity of Gas at least equal to the Take or Pay Quantity for the relevant Contract Year.

• Upon and for the duration of such suspension, Seller shall be relieved of its obligation to make Gas available for delivery to Buyer under this Agreement, but Buyer shall not be discharged of any of its obligations under this Agreement including Buyer’s obligations under Clause 9 to take and pay for, or pay for if not taken a quantity of Gas at least equal to the Take or Pay Quantity for the Contract Year.

• Buyer’s Take or Pay Quantity shall be reduced proportionally, and the DCQ for such Day shall be deemed to be the actual quantity delivered by Seller.

• During the Extended Contract Period, the provisions of this Agreement (including, inter alia, the provisions of Article 9) shall continue to apply, except that any Carry Forward Aggregate which has accrued under this Agreement prior to the commencement of the Extended Contract Period shall be cancelled and shall not serve to reduce the Annual Take or Pay Quantity attributable to the Extended Contract Period.

• As long as there are Deferred Quantities, the quantities taken by Buyer in excess of the Take or Pay Quantity shall be automatically considered as recuperation of Deferred Quantities.

• In no event shall the Take or Pay Quantity hereunder be less than [**] per Contract Year.

• If the Take or Pay Quantity is not satisfied, Airgas shall be given a waiver of the requirements of Paragraph 4 for as long as such BOC Force Majeure shall exist.

• Airgas shall be obligated to purchase, or pay for if not purchased, [**] during the initial Contract Year and [**] of the difference between BOC's supply obligation specified in Paragraph 3 and the amounts listed on Exhibit I ("Take or Pay Quantity") during all subsequent Contract Years hereunder.

• Upon and for the duration of such suspension, Seller shall be relieved of their obligation to make Gas available for delivery to Buyer under this Agreement, but Buyer shall not be discharged of any of its obligations under this Agreement including Buyer’s obligations under Clause 10 to take and pay for, or pay for if not taken a quantity of Gas at least equal to the Take or Pay Quantity for the relevant Contract Year.

• In the event that Airgas has failed to purchase the Take or Pay Quantity during any C▇▇▇▇▇▇t Year, Airgas shall be able to avoid penalties for failing to purchase the Take or Pay Quantity by purchasing a quantity of additional Product ("Shortfall Make-Up Volume") equal to the shortfall during the previous Contract Year ("Shortfall Year") [**].

More Definitions of Take or Pay Quantity

Take or Pay Quantity means the Minimum Monthly Quantity adjusted by deducting all amounts of Contract Gas equal to any amount, up to the MDQ for each Day, that the Sellers have failed to make available to Buyer for nomination (whether due to Force Majeure events or not) or has failed to deliver to the Buyer in accordance with the Daily Nomination, that the Buyer is obliged to pay for in a Month whether or not it has nominated such quantity for delivery;

Take or Pay Quantity has the meaning given to such term in Clause 10.2 (a).

Take or Pay Quantity means the quantity determined in accordance with Clause 6.1. ----------

Take or Pay Quantity means for each Contract Month, ninety percent (90%) of the Monthly Offtake Quantity for such Contract Month less the sum of the following quantities for each Day during such Contract Month (but without double counting any of the following quantities):(a) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day and that Buyer was prevented from purchasing and taking by reason of Force Majeure; plus(b) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Sellers failed to make available for delivery unless such failure was: (i) caused by Buyer’s failure to comply with the terms of this Agreement; or (ii) due to the exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 19; plus(c) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Buyer would have purchased and taken but which Buyer rejected in accordance with Clause 13 because it failed to meet the Specifications; plus(d) any quantity of Gas up to the DCQ for the relevant Day which a Party did not nominate or schedule due to Planned Maintenance pursuant to Clause 14. “Take or Pay Quantity” means for each Contract Quarter, ninety percent (90%) of the Quarterly Offtake Quantity for such Contract Quarter less the sum of the following quantities for each Day during such Contract Quarter (but without double counting any of the following quantities):(a) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day and that Buyer was prevented from purchasing and taking by reason of Force Majeure; plus(b) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Sellers failed to make available for delivery unless such failure was: (i) caused by Buyer’s failure to comply with the terms of this Agreement; or (ii) due to the exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 19; plus(c) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Buyer would have purchased and taken but which Buyer rejected in accordance with Clause 13 because it failed to meet the Specifications; plus(d) any quantity of Gas up to the DCQ for the relevant Day which a Party did not nominate or schedule due to Planned Maintenance pursuant to Clause 14.