Minimum Production Requirements Sample Clauses
The Minimum Production Requirements clause sets a baseline level of output that a party, typically a manufacturer or supplier, must achieve within a specified period. This clause often details the quantity of goods or services that must be produced or delivered, and may outline consequences if these thresholds are not met, such as penalties or the right to terminate the agreement. Its core function is to ensure consistent supply and protect the other party from shortages or underperformance, thereby providing predictability and stability in the business relationship.
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Minimum Production Requirements. Unico agrees that commencing 30 days after the Effective Date of this Lease Agreement, Unico shall then begin to produce not less than the lesser of the following: (a) the mining and removal of a minimum of 1,000 tons of ore per month from the Leased Premises; or (b) the refining of a minimum of 1,000 ounces of gold per month mined from the Leased Premises. Because mining operations of the Leased Premises are seasonal, the parties agree that these minimum production requirements shall only apply from June 10 until November 20 (a total of 5 months and 10 days) during each year during the term of this Lease Agreement, and the minimum production requirements for all partial months shall be pro rated.
Minimum Production Requirements. Note: See Attachment A, Examples of Motor Vehicle Department Vehicle Registration and Renewal Postcards, Driver's License Postcards, and Real ID Postcards, for examples of postcard formats. Attachment A is a separate PDF document.
Minimum Production Requirements. 60 Section 8.15. Restriction on Leases.......................................60 Section 8.16. Amendments to Organizational Documents; Other Material Agreements..................................................61 Section 8.17. Acquisition Documents.......................................61 ARTICLE IX - Events of Default and Remedies..............................61 Section 9.1. Events of Default...........................................61 Section 9.2. Remedies....................................................64 ARTICLE X - Transferability of Securities...............................64
Minimum Production Requirements. Independent Contractors should actively pursue increased knowledge of the sales process, insurance policies, insurance markets, and the insurance industry as a whole. As a practical way of demonstrating this knowledge of sales and the industry, all Contractors appointed with ▇▇▇ & Associates shall meet the following milestones as either a writing or controlling producer:
Minimum Production Requirements. The minimum production requirements for St. ▇▇▇ Bauxite set forth in the Bauxite (Production Levy) Act and the Mining Act for each calendar year shall be subject to the following exceptions:
(a) If force majeure conditions, as defined in Section 14.01, occur which affect operations of the Partnership or St. ▇▇▇ Bauxite, or an Affiliate of the Partnership or St. ▇▇▇ Bauxite, and which prevent, curtail or delay the Partnership or St. ▇▇▇ Bauxite from meeting the yearly minimum tonnage requirements for any such calendar year, St. ▇▇▇ Bauxite shall be relieved from the obligation to meet such yearly minimum production requirements to the extent necessary as a result of the occurrence of such conditions. St. ▇▇▇ Bauxite will promptly inform the Government by written notice of the occurrence of such conditions, which notice shall also include St. ▇▇▇ Bauxite’s best estimate at that time of the probable extent to which St. ▇▇▇ Bauxite will be prevented from meeting the minimum tonnage requirements for such calendar year. In such case, St. ▇▇▇ Bauxite will keep the Government fully informed and submit revised or confirmatory estimates from time to time as the case may require.
(b) If, at any time, market conditions require a world-wide or regional reduction in requirements of bauxite or alumina by St. ▇▇▇ Bauxite, Century Aluminum Company or Noranda Aluminum, Inc. in any calendar year, then, after written notice to that effect from St. ▇▇▇ Bauxite, Century Aluminum Company or Noranda Aluminum, Inc. is given to the Government, the parties will promptly begin discussions concerning the minimum tonnage to be established by the Government and made applicable to the Partnership for such year, taking into account Jamaica’s actual share of the supply of bauxite or alumina for the Century Aluminum Company system or Noranda Aluminum, Inc. system, as applicable, from all sources.