Corn Delivery Requirement Clause Samples
The Corn Delivery Requirement clause obligates one party to deliver a specified quantity and quality of corn to another party within a defined timeframe. Typically, this clause outlines delivery schedules, acceptable delivery locations, and standards for the corn, such as moisture content or grade. Its core practical function is to ensure both parties have clear expectations regarding the delivery process, reducing the risk of disputes over timing, quantity, or quality of the corn supplied.
Corn Delivery Requirement. To be admitted as a Class A Member, whether acquiring Class A Capital Units in the Reorganization or through a Disposition from a Member, a Person must either consent to the assignment of the Person’s Corn Delivery Agreement from the Cooperative to the Company or sign a new Corn Delivery Agreement in a form approved by the Board of Managers from time to time, in addition to fulfilling all other membership criteria set forth in Section 3.3.
Corn Delivery Requirement. To be admitted as a Class A Member, whether acquiring Class A Capital Units in the Reorganization, through a Disposition from a Member, or otherwise, a Person must either consent to the assignment and amendment of the Person’s Member Agreement from the Cooperative to the Company or sign a new Corn Delivery Agreement in a form approved by the Board of Managers from time to time, in addition to fulfilling all other membership criteria set forth in Section 3.3. The corn delivery requirements pursuant to the Member’s Member Agreement or Corn Delivery Agreement will be reevaluated annually by the Board of Managers.