MONTHLY CONFIRMATIONS. Ivy Funds VIP or its agent shall provide Company a monthly statement of account or electronic access to account information, which shall confirm all transactions in Portfolio shares made during that particular month by a Variable Account.
MONTHLY CONFIRMATIONS. At least 60 days before the first day of each month during the Term (the “Notice Date”), Producer will deliver to Bunge a written confirmation (each a “Monthly Confirmation”) of its Oil requirements at the Facility for such month. By way of illustration, Producer will deliver a Monthly Confirmation for April of a given (non-Leap) year on or before January 31 of that year, and then deliver a Monthly Confirmation for May of that year on or before March 1 of that year. Each Monthly Confirmation will include (i) amounts under all then-existing Specific Orders for such month and (ii) any additional amounts requested by Producer for such month. If by the Notice Date for a month, the Contracting Parties have not entered into one or more Specific Orders sufficient to cover such additional amounts of Oil requested in the applicable Monthly Confirmation (i.e., not already covered by Specific Orders), then Bunge will have no obligation to enter into Specific Order(s) for any portion of such additional amounts of Oil, subject to the following sentence. Notwithstanding the foregoing sentence, until the date that is 30 days before the first day of the month for which delivery of Oil is being requested, the Contracting Parties agree that they will negotiate in good faith the Basis and delivery date(s) for, and if agreed, will enter into Specific Orders (which will set forth the mutually agreed-upon Basis and delivery date(s)) for up to five million additional pounds of Oil. In addition, Producer will give Bunge reasonable advance notice of any circumstances that would reasonably be expected to materially affect Oil requirements at the Facility. Notwithstanding anything to the contrary in this Agreement, Bunge will have no obligation to supply Producer with any Oil in a given month in excess of 105% of the quantity stated in the applicable Monthly Confirmation.
