Common use of Company’s Commitments Clause in Contracts

Company’s Commitments. (a) Subject to the provisions of Clause 12 hereof the Company shall be bound in each year to take delivery of the quantity of resource agreed or determined pursuant to subclause (6) of Clause 5 hereof provided that if it takes less than 90 per centum of such quantity in any year, the Company shall pay stumpage to the Executive Director on the quantity less than 90% (deficiency) at a rate equal to the stumpage rate payable in that year under subclause (11)(a) of Clause 5 hereof; and

Company’s Commitments. 6. (1) (a) Subject to the provisions of Clause 12 hereof the Company shall be bound in each year to take delivery of the quantity of resource agreed or determined pursuant to subclause (6) of Clause 5 hereof provided that if it takes less than 90 per centum of such quantity in any year, the Company shall pay stumpage to the Executive Director on the quantity less than 90% (deficiency) at a rate equal to the stumpage rate payable in that year under subclause (11)(a) of Clause 5 hereof; and

Company’s Commitments. (1) (a) Subject to the provisions of Clause 12 hereof the Company shall be bound in each year to take delivery of the quantity of resource agreed or determined 5 pursuant to subclause (6) of Clause 5 hereof provided that if it takes less than 90 per centum of such quantity in any year, the Company shall pay stumpage to the Executive Director on the quantity less than 90% (deficiency) at a rate equal to the stumpage rate 10 payable in that year under subclause (11)(a) of Clause 5 hereof; and