Sample take or pay clause
WebSample 1 Take or Pay. 9.3.1 In respect of each Contract Year the amount of the Minimum Xxxx Quantity which has not been taken by the Buyer in such Contract Year under this Agreement shall be known as the “ Annual Take or Pay Quantity ” for such Contract Year. … WebJul 20, 2024 · It remains the case that a properly drafted clause which provides that the buyer can take and pay or just pay is likely to be construed by an English court as a primary obligation that is not subject to the penalties rule, although no …
Sample take or pay clause
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WebJan 12, 2014 · Take-or-Pay Clauses in Practice a. Take-or-Pay Conditions as a Risk Allocation Mechanism in Long-term Contracts A defining characteristic of projects in the energy sector is that they frequently require significant upfront capital investments on the part of producers for the exploration, design and construction of the facilities. WebJan 2, 2024 · A take-or-pay clause is a contractual provision whereby a buyer agrees to pay for a minimum quantity of a good, or service, to which the relevant contract relates, whether or not that minimum quantity is taken by the buyer. Take-or-pay clauses are used in contracts across a range of industries.
WebTAKE or PAY AGREEMENT This Agreement (“Agreement”) is made on this May 1, 2011 (“Effective Date”), by and between GCT Semiconductor (“GCT”) located at 2121 Ringwood Avenue San Jose, CA 95131 USA and Giga Solution, (“Supplier”), located at NO. 6 Technology Road 5, HsinChu Science Park, Hsin-Chu, Taiwan 300 R.O.C. WebSample 1 Related to No “Take or Pay No Offset All payments due under this Agreement will be made in a timely manner throughout the Term and notwithstanding the pendency of any dispute (monetary or otherwise) between Registry Operator and ICANN.
WebNov 9, 2024 · FM Relief From Take-or-Pay Obligation: ‘Typical’ Position As discussed above, ToP clauses often excuse the buyer from performance of its ToP obligation in certain … WebOct 30, 2024 · This Practice Note considers the common features of take-or-pay clauses and provides some example clauses. It also considers the distinction between take-or-pay clauses and take-and-pay clauses. For an introduction to take-or-pay clause in the energy sector and the regulatory and competition law issues regularly encountered, see Practice …
WebApr 8, 2024 · Diddy has revealed that he pays legendary rocker Sting a whopping $5,000 per day for sampling The Police's song "Every Breath You Take," which Sting wrote, without …
WebFeb 18, 2024 · This clause covers any property you own or are entitled to that somehow wasn't covered by the preceding clauses. ARTICLE V: Taxes "I direct my executors, without apportionment against any beneficiary or other person, to pay all estate, inheritance and succession taxes (including any interest and penalties thereon) payable by reason of my … coved fenouilletWebJun 11, 2024 · A take or pay contract is an agreement that helps protect the seller if the buyer refuses to buy or take delivery of the items. It is an agreement in writing between … coved floor vinylbriar creek road baptist church incWebLiquidated damages clause. Including a liquidated damages (LD) clause in a commercial contract is a popular way of dealing with the possibility of breach. The essence of an LD clause is that a party in breach of its obligations under a contract is obliged, by that contract, to pay a particular sum by way of compensation for that breach. briar creek ryan homesWebAug 12, 2024 · Take or pay contracts ensure that a transaction occurs and that the person supplying the good or service is not left high and dry. They are most common in the energy industry, where natural gas providers and other suppliers agree to … briar creek plaza berwick paWebOct 10, 2024 · A take-or-pay clause encompasses a minimum purchase obligation and adds a payment component. Sellers with the requisite negotiating power often prefer a take-or … briar creek restaurant schenectady nyWebA no-contest clause is language inserted into a will or trust that is meant to discourage named beneficiaries from filing a contest or other proceeding against the validity of the will or trust. Broadly speaking, this clause generally states that any beneficiary who files a proceeding against the provisions of a will or trust will forfeit their ... coved floor tile