Company’s Obligation to take or pay for Chiplogs. (1) Subject to the provisions of clause 24 hereof the Company shall be bound in each year to take delivery of the quantity of chiplogs agreed or determined pursuant to clause 4 hereof provided that if it takes less than 90 percentum of such quantity in any year, the Company shall pay stumpage to the State on the deficiency at a rate equal to the stumpage rate payable in that year under clause 7 hereof.
Appears in 6 contracts
Samples: Western Australia, Agreement, Agreement
