Common use of Lack of Adequate Market Demand Clause in Contracts

Lack of Adequate Market Demand. If the Contractor determines that there is no market for a particular recyclable or that the market has become economically unfeasible, the Contractor shall immediately give written notice to the City. Said notice shall include information demonstrating the effort the Contractor has made to find market sources and the financial information justifying the conclusion that the market is economically unfeasible. Economic unfeasibility is defined as a market in which market value received for a material are less than zero (0). Upon receipt of said notice, the Contractor and the City shall have 30 days to attempt to find a feasible market. During this period, the Contractor shall continue to pick up the particular recyclable. If the Contractor or the City is not able to find a market within 30 days, the City has the option to:

Lack of Adequate Market Demand. If the Contractor determines that there is no market for a particular recyclable material or that the market has become economically unfeasible, the Contractor shall immediately give written notice to the City. Said notice shall include information demonstrating the effort the Contractor has made to find market sources sources, and the financial information justifying the conclusion that the market is economically unfeasible. Economic unfeasibility is defined as a market in which market value received for a material are less than zero (0). Upon receipt of said notice, the Contractor and the City shall have 30 days to attempt to find a feasible market. During this period, period the Contractor shall continue to pick up the particular recyclablerecyclable material. If the Contractor or the City is not able to find a market within 30 days, the City has the option to:

Lack of Adequate Market Demand. If the Contractor determines that there is no market for a particular recyclable or that the market has become economically unfeasible, the Contractor shall immediately give written notice to the City. Said notice shall include information demonstrating the effort the Contractor has made to find market sources sources, and the financial information justifying the conclusion that the market is economically unfeasible. Economic unfeasibility is defined as a market in which market value received for a material are less than zero (0). Upon receipt of said notice, the Contractor and the City shall have 30 days to attempt to find a feasible market. During this period, period the Contractor shall continue to pick up accept the particular recyclable. If the Contractor or the City is not able to find a market within 30 days, the City has the option to: