Minimum Concentrate Sales Sample Clauses

Minimum Concentrate Sales. Upon the commencement of sales of Concentrate produced at or from the Project, the Seller shall be obligated to deliver and sell to the Purchasers, in each Contract Year, at least 1,500 Tonnes of Payable Molybdenum (“Annual Minimum Molybdenum Delivery Amount”). For each of the First Contract Year and the Last Contract Year, the Annual Minimum Molybdenum Delivery Amount shall be adjusted proportionally to reflect the length of such Contract Year in proportion to a calendar year. In the event that in a Contract Year, the amount of Payable Molybdenum sold to the Purchasers is less than the Annual Minimum Molybdenum Delivery Amount, (such difference, the “Molybdenum Shortfall Amount”), the Purchasers’ Agent shall have the option to elect by written notice within 20 days of the end of the applicable Contract Year to (i) add the Molybdenum Shortfall Amount to the Annual Minimum Molybdenum Delivery Amount for the subsequent Contract Year (and such amount shall be the Annual Minimum Molybdenum Delivery Amount for such Contract Year for all purposes under this Agreement), or (ii) receive a Shortfall Cash Settlement Payment. “
Sample 1
AutoNDA by SimpleDocs
Minimum Concentrate Sales. Upon the commencement of sales of Concentrate produced at or from the Project, the Seller shall be obligated to deliver and sell to the Purchasers, in each Contract Year, at least 30,000 Tonnes of Payable Copper (“Annual Minimum Copper Delivery Amount”), plus the Annual Minimum Gold Delivery Quantity and the Annual Minimum Silver Delivery Quantity, if applicable. For each of the First Contract Year and the Last Contract Year, the Annual Minimum Copper Delivery Amount shall be adjusted proportionally to reflect the length of such Contract Year in proportion to a calendar year. In the event that in a Contract Year, the amount of Payable Copper sold to the Purchasers is less than the Annual Minimum Copper Delivery Amount, (such difference, the “Copper Shortfall Amount”), the Purchasers’ Agent shall have the option to elect by written notice within 20 days of the end of the applicable Contract Year to (i) add the Copper Shortfall Amount, the Gold Shortfall Amount and the Silver Shortfall Amount, if any, to the Annual Minimum Copper Delivery Amount, the Annual Minimum Gold Delivery Quantity and the Annual Minimum Silver Delivery Quantity, respectively, for the subsequent Contract Year (and such aggregate amounts shall be the Annual Minimum Copper Delivery Amount, the Annual Minimum Gold Delivery Quantity and the Annual Minimum Silver Delivery Quantity for such Contract Year for all purposes under this Agreement), or (ii) receive a Shortfall Cash Settlement Payment. “
Sample 1

Related to Minimum Concentrate Sales

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Minimum Purchase Broker-Dealer shall not sell fewer than $5,000 in Notes to any purchaser without the prior written consent of Issuer.

  • Minimum Cash A. Minimum daily balance of cash and Permitted Cash Equivalent Investments of Borrower and its Subsidiaries during the most recently ended fiscal quarter of Borrower: $

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • MINIMUM CESSION The minimum amount of reinsurance per cession that THE REINSURER will accept is shown in Schedule A.

  • Separate Sales The Mortgaged Property may be sold in one or more parcels and in such manner and order as Mortgagee in its sole discretion may elect; the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Excess Sales If the number or amount of Contract Securities attributable to an Underwriter pursuant to Section 4.1 hereof would exceed such Underwriter’s Original Underwriting Obligation reduced by the number or amount of Underwriters’ Securities sold by or on behalf of such Underwriter, such excess will not be attributed to such Underwriter, and such Underwriter will be regarded as having acted only as a Dealer with respect to, and will receive only the concession to Dealers on, such excess.

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

Time is Money Join Law Insider Premium to draft better contracts faster.