Common use of Original and Extended Terms Clause in Contracts

Original and Extended Terms. The Original Term (as defined in the Exhibit A Terms) when applied to this Agreement shall commence on the Effective Date hereof and continue until December 31, 2012. If it is determined that an existing End Customer has the valid right to extend its End Customer Contract, and if End Customer exercises such right, on or before January 1, 2012 to extend the term of that End Customer Contract (the “Extended Term”), then the term of this Agreement will likewise be extended for the same period of time. In such event, COALSALES II shall notify Patriot of the Extended Term and the volume of coal tonnage required under such Extended Term (if known) within 10 business days after COALSALES II’s receipt of End Customer’s notice to extend the term of its End Customer Contract.

Appears in 3 contracts

Samples: Coal Supply Agreement (Peabody Energy Corp), Coal Supply Agreement (Patriot Coal CORP), Coal Supply Agreement (Patriot Coal CORP)

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Original and Extended Terms. The Original Term (as defined in the Exhibit A Terms) when applied to this Agreement shall commence on the Effective Date hereof and continue until December 31, 2012. If it is determined that an existing the End Customer has the valid right to extend its the End Customer Contract, and if End Customer exercises such right, on or before January 1, 2012 to extend the term of that the End Customer Contract (the “Extended Term”), then the term of this Agreement will likewise be extended for the same period of time. In such event, COALSALES II shall notify Patriot of the Extended Term and the volume of coal tonnage required under such Extended Term (if known) within 10 business days after COALSALES II’s receipt of End Customer’s notice to extend the term of its the End Customer Contract.

Appears in 1 contract

Samples: Coal Supply Agreement (Patriot Coal CORP)

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