Allocation of Pending Commitments Clause Samples
Allocation of Pending Commitments. The Parties acknowledge that Li-Cycle and Traxys have entered into certain agreements with LG Energy Solution, Ltd. and LG Chem, Ltd. covering the sale of Nickel Sulphate. For greater certainty, such materials shall be included in determining the volume of Refined Products available for sale in the applicable period after the Execution Date, and shall be deemed to have been allocated to Traxys. As of the Execution Date, Traxys and Li-Cycle have no other pending commitments for the sale of Refined Products.
Allocation of Pending Commitments. The Parties acknowledge that Li-Cycle and Traxys have entered into a letter agreement dated February 23, 2024, pursuant to which Traxys has provided a limited one-time waiver to permit North America Seller to sell certain inventory directly to third-party customers, subject to Traxys being paid its customary marketing fee of [XXX] (in accordance with the terms of the Traxys Black Mass Agreement). For greater certainty, such materials shall be excluded from the allocation hereunder and Li-Cycle shall advise each of Traxys and Glencore once such sales have been completed. As of the Execution Date, Traxys and Li-Cycle have no other pending commitments for the sale of Black Mass.