Common use of Minimum Feedstock Waste Pricing Terms Clause in Contracts

Minimum Feedstock Waste Pricing Terms. Notwithstanding the foregoing provisions of Section 3.2, in the event that a Third Party Offer contemplates that the third party supplier of Feedstock Waste will pay the Supplied Party a fee (net or inclusive of any shipping, delivery or transportation costs) for receiving the Feedstock Waste (rather than the Supplied Party paying the supplier a fee for the supply of Feedstock Waste), then WM shall have the right to supply up to the full amount of the Feedstock Requirements at zero cost per ton of Feedstock Waste to the Supplied Party (the “Minimum Feedstock Waste Pricing Terms”). In the event that WM accepts the Minimum Feedstock Waste Pricing Terms, the Parties shall promptly proceed with the execution and delivery of a supply agreement in accordance with Section 5, which shall incorporate all of the other terms and conditions as are required by Section 5 hereof.