Annual Contract Terms Sample Clauses

Annual Contract Terms. (a) Prior to the commencement of negotiations for the First Contract Year, the Seller shall provide the Purchasers’ Agent with the Concentrate Specifications of the Concentrates it expects to produce from the Project. The Parties shall include the Concentrate Specifications in the Annual Supplement for the first Contract Year, following which those specifications shall be the Concentrate Specifications for all Concentrate to be delivered hereunder for each Contract Year. (b) On or before December 15th of each Contract Year, in respect of the upcoming Contract Year, and on or before the Start-up Date in respect of the first Contract Year, the Seller and the Purchasers’ Agent shall negotiate in good faith to conclude the agreement of the Annual Copper Terms, in accordance with this Section 6.8.
Sample 1
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Annual Contract Terms. (a) Prior to the commencement of negotiations for the First Contract Year, the Seller shall provide the Purchasers’ Agent with the Concentrate Specifications of the Concentrates it expects to produce from the Project. The Parties shall include the Concentrate Specifications in the Annual Supplement for the first Contract Year, following which those specifications shall be the Concentrate Specifications for all Concentrate to be delivered hereunder for each Contract Year. Upon the Purchasers’ Agent being provided with Concentrate Specifications, the Parties shall negotiate in good faith the agreement of the Concentrate Molybdenum Minimum, with regard to the Concentrate Specifications and the minimum contained molybdenum thresholds being accepted by major molybdenum roasters. The Parties shall include the Concentrate Molybdenum Minimum in the Annual Supplement for the first Contract Year, following which that minimum shall be the Concentrate Molybdenum Minimum for all Concentrate to be delivered hereunder for each Contract Year; provided however, that if, in the reasonable opinion of the Purchasers’ Agent or the Seller, the Concentrate Molybdenum Minimum increases or decreases, either the Purchasers’ Agent or the Seller can request a review of such Concentrate Molybdenum Minimum during the annual terms negotiations. In the event that the Seller and the Purchasers’ Agent fail to agree on any appropriate changes to the Concentrate Molybdenum Minimum for any subsequent Contract Year, the determination of the Concentrate Molybdenum Minimum shall be referred to the Referees for resolution pursuant to Article 11.
Sample 1

Related to Annual Contract Terms

  • Contract Terms The contract term will be one (1) year, effective from date of award. The City and the Supplier shall have the option to renew this contract for an additional two (2) one-year periods. The contract shall commence upon the issuance of a Notice of Award by the City of Xxxxxx and shall automatically renew each year, from the date of award by City Council, unless either party notifies the other prior to the scheduled renewal date. At the sole option of the City of Xxxxxx, the contract may be further extended as needed, not to exceed a total of six (6) months.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • Contract Term The Contract end date, wherever such reference appears in the Contract, shall be changed from June 18, 2020 to June 18, 2021. The Contract Term may be renewed for one additional one-year period at the discretion of the State. Child Support (Applicable to natural persons only; not applicable to corporations, partnerships or LLCs). Contractor is under no obligation to pay child support or is in good standing with respect to or in full compliance with a plan to pay any and all child support payable under a support order as of the date of this amendment.

  • Contract Term Adjustment “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • CONTRACT TERM - RENEWAL In addition to any stated renewal periods in the Contract, any Contract or unit portion thereof let by the Commissioner may be extended by the Commissioner for an additional period(s) of up to one year with the written concurrence of the Contractor and Comptroller. Such extension may be exercised on a month-to-month basis or in other stated periods of time during the one year extension.

  • Salary Schedules (a) The salary schedules shall be incorporated into this Agreement as Appendix V. (b) Salary schedules will contain Career Enhancement/Growth steps as described in Section 45.6.

  • Contract Schedule The information set forth in the Contract Schedule is true and correct.

  • Price Schedule, Payment Terms and Billing, and Price Adjustments (a) Price Schedule: Price Schedule under this Contract is set forth in Exhibit B.

  • ESSENTIAL TERMS The Contractor acknowledges and agrees that each of the provisions in Articles 30 to 36 hereof constitutes an essential term of the Contract and that any breach of any of these provisions shall entitle UNDP to terminate the Contract or any other contract with UNDP immediately upon notice to the Contractor, without any liability for termination charges or any other liability of any kind. In addition, nothing herein shall limit the right of UNDP to refer any alleged breach of the said essential terms to the relevant national authorities for appropriate legal action.

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