Common use of Client's interest Clause in Contracts

Client's interest. (a) For the purposes of clause 6.3(a), at any time the Client’s share of the Common Stocked Grain will be equal to that proportion which the quantity of the Client’s Grain at the time bears to the quantity of that Common Stocked Grain at that time. (b) For the purposes of clause 6.3(b), at any time the Client’s share of the Export Select Grain will be equal to that proportion which the quantity of the Client’s Export Select Grain at the time bears to the quantity of all Export Select Grain in the relevant Port Zone. (c) Subject to clause 9.3, the Client does not have the right to nominate any particular parcel or Cell of Grain that is Common Stocked as being owned by the Client.

Appears in 5 contracts

Samples: Storage & Handling Agreement, Storage & Handling Agreement, Storage & Handling Agreement

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Client's interest. (a) For the purposes of clause 6.3(a), at any time the Client’s share of interest in the Common Stocked Grain will be equal to that proportion which the quantity of the Client’s Grain at the time bears to the quantity of that Common Stocked Grain at that time. (b) For the purposes of clause 6.3(b), at any time the Client’s share of the interest in Export Select Grain will be equal to that proportion which the quantity of the Client’s Export Select Grain at the time bears to the quantity of all Export Select Grain in the relevant Port Zone. (c) Subject to clause 9.3, the Client does not have the right to nominate any particular parcel or Cell of Grain that is Common Stocked Stocked, as being owned by the Client.

Appears in 2 contracts

Samples: Storage & Handling Agreement, Storage & Handling Agreement

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Client's interest. (a) For the purposes of clause 6.3(a), at any time the Client’s share of the Common Stocked Grain Stock will be equal to that proportion which the quantity of the Client’s Grain at the time bears to the quantity of that Common Stocked Grain Stock at that time. (b) For the purposes of clause 6.3(b), at any time the Client’s share of the Export Select Grain will be equal to that proportion which the quantity of the Client’s Export Select Grain at the time bears to the quantity of all Export Select Grain in the relevant Port Zone. (c) Subject to clause 9.3, the Client does not have the right to nominate any particular parcel or Cell of Grain that is Common Stocked as being owned by the Client.

Appears in 1 contract

Samples: Storage & Handling Agreement

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