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Common use of Conditions of Option Clause in Contracts

Conditions of Option. The Manufacturer's rights to purchase the Rubber Crumb Output pursuant to this Option shall be subject to fulfillment of the following condition: (a) the Manufacturer shall furnish to the Operator, in writing, within ninety days of the Acceptance Date and every six months thereafter, the Manufacturer's anticipated purchase projections (the "Six-Month Projected Purchase Order") specifying the grades, types, and quantities of Rubber Crumb Output which the Manufacturer commits to purchase within the six-month period following the date of such Projected Purchase Order; The price, terms, and conditions specified in the Projected Purchase Order will be negotiated every six months for a period of six months.

Appears in 2 contracts

Samples: Rubber Crumb Purchase Option Agreement (Tirex Corp), Rubber Crumb Purchase Option Agreement (Tirex Corp)

Conditions of Option. The Manufacturer's rights to purchase the Rubber Crumb Output pursuant to this Option shall be subject to fulfillment of the following condition: (a) the Manufacturer shall furnish to the Operator, in writing, within ninety days of the Acceptance Date and every six months thereafter, the Manufacturer's anticipated purchase projections (the "Six-Month Projected Purchase Order") specifying the grades, types, and quantities of Rubber Crumb Output which the Manufacturer commits to purchase within the six-month period following the date of such Projected Purchase Order; The price, terms, and conditions the price specified in the Projected Purchase Order will be negotiated every six months for a period of six months.

Appears in 1 contract

Samples: Equipment Lease and Purchase Agreement (Tirex America Inc)

Conditions of Option. The Manufacturer's rights to purchase the Rubber Crumb Output pursuant to this Option shall be subject to fulfillment of the following condition: (a) the Manufacturer shall furnish to the Operator, in writing, within ninety days of the Acceptance Date and every six months thereafter, the Manufacturer's anticipated purchase projections (the "Six-Month Projected Purchase Order") specifying the grades, types, and quantities of Rubber Crumb Output which the Manufacturer commits to purchase within the six-month period following the date of such Projected Purchase Order; The price, terms, and conditions ; (b) the price specified in the Projected Purchase Order will be negotiated every six months for a period of six months.

Appears in 1 contract

Samples: Equipment Lease and Purchase Agreement (Tirex America Inc)

Conditions of Option. The Manufacturer's rights to purchase the Rubber Crumb Output pursuant to this Option shall be subject to fulfillment of the following condition: (a) the Manufacturer shall furnish to the Operator, in writing, within ninety days of the Acceptance Date and every six months thereafter, the Manufacturer's 282 anticipated purchase projections (the "Six-Month Projected Purchase Order") specifying the grades, types, and quantities of Rubber Crumb Output which the Manufacturer commits to purchase within the six-month period following the date of such Projected Purchase Order; The price, terms, and conditions the price specified in the Projected Purchase Order will be negotiated every six months for a period of six months.

Appears in 1 contract

Samples: Equipment Lease and Purchase Agreement (Tirex America Inc)