Common use of Outturn Clause in Contracts

Outturn. 9.1 To remove the Commodity from storage the Client must give the Xxxxxx five (5) business days’ notice in advance, in writing, as to when the Commodity, including quantity, grade, name of transport provider and the estimated time of arrival of the transport service provider. The Xxxxxx will confirm acceptance or rejection of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn. 9.3 If the actual tonnage outturned to the Client exceeds the Clients outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.4 If the actual tonnage outturned to the Client is less than the Clients outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.5 For the purpose of Clauses 9.3 & 9.4, “Washout Price” for the Client grain, unless otherwise agreed, a spot price determined (average of three independent brokers) on the day that the Client is advised of the variation. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 Transport providers may be subject to load time slotting during peak outturn periods, at the discretion and management of the Xxxxxx.

Appears in 2 contracts

Samples: Storage & Handling Agreement, Storage & Handling Agreement

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Outturn. 9.1 To remove the Commodity from storage the The Client must give the Xxxxxx five at least 1-day’s written notice of a request to outturn Commodity (5Outturn Request) business days’ notice in advance, in writing, as to when the Commodity, including quantity, grade, name advising; (a) Quantity; (b) Grade; (c) Name of transport provider and the estimated Transport Provider; (d) Estimated time of arrival of Transport Provider. 9.2 As soon as is practicable following receipt of an Outturn Request under clause 9.1 the transport service provider. The Xxxxxx will confirm acceptance or rejection particulars of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn(Outturn Confirmation). 9.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 If the actual tonnage outturned to the Client exceeds the Clients Client’s outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the shortfall excess by using other grades as negotiated and agreed with the Xxxxxx. 9.4 9.5 If the actual tonnage outturned to the Client is less than the Clients Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.5 9.6 For the purpose of Clauses 9.3 9.4 & 9.49.5, “Washout Price” for the Client Client’s grain, unless otherwise agreed, a is the spot market price determined (by an average of three independent brokers) brokers calculated based on the day that the Client is advised of the variation. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 Transport providers may be subject to load load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx.

Appears in 2 contracts

Samples: Storage & Handling Agreement, Storage & Handling Agreement

Outturn. 9.1 To remove the Commodity from storage the 12.1. The Client must give the Xxxxxx five xxxxxx at least 1 weeks written notice of a request to outturn Commodity (5Outturn Request) business days’ notice in advance, in writing, as to when the Commodity, including quantity, grade, name advising: 12.1.1. Quantity; 12.1.2. Grade; 12.1.3. Name of transport provider and the estimated Transport Provider; and 12.1.4. Estimated time of arrival Transport Provider. 12.2. As soon as is practicable following receipt of an Outturn Request under clause 12.1 the transport service provider. The Xxxxxx will confirm acceptance or rejection particulars of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn(Outturn Confirmation). 9.3 12.3. The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 12.4. If the actual tonnage outturned to the Client exceeds the Clients outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.4 12.5. If the actual tonnage outturned to the Client is less than the Clients Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.5 12.6. For the purpose of Clauses 9.3 12.4 & 9.412.5, “Washout Price” for the Client Client’s grain, unless otherwise agreed, a is the spot market price determined (by an average of three independent brokers) brokers calculated based on the day that the Client is advised of the variation. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 12.7. Transport providers may be subject to load load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx. Site contacts are contained in Schedule 3 of this agreement.

Appears in 1 contract

Samples: Storage and Handling Agreement

Outturn. 9.1 To remove the Commodity from storage the 11.1. The Client must give the Xxxxxx five xxxxxx at least 1 weeks written notice of a request to outturn Commodity (5Outturn Request) business days’ notice in advance, in writing, as to when the Commodity, including quantity, grade, name advising: 11.1.1. Quantity; 11.1.2. Grade: 11.1.3. Name of transport provider and the estimated Transport Provider; and 11.1.4. Estimated time of arrival Transport Provider. 11.2. As soon as is practicable following receipt of an Outturn Request under clause 11.1 the transport service provider. The Xxxxxx will confirm acceptance or rejection particulars of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn(Outturn Confirmation). 9.3 11.3. The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 11.4. If the actual tonnage outturned to the Client exceeds the Clients outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.4 11.5. If the actual tonnage outturned to the Client is less than the Clients Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.5 11.6. For the purpose of Clauses 9.3 11.4 & 9.411.5, “Washout Price” for the Client Client’s grain, unless otherwise agreed, a is the spot market price determined (by an average of three independent brokers) brokers calculated based on the day that the Client is advised of the variation. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 11.7. Transport providers may be subject to load load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx. Site contacts are contained in Schedule 3 of this agreement.

Appears in 1 contract

Samples: Storage and Handling Agreement

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Outturn. 9.1 To remove the Commodity from storage the 11.1 The Client must give the Xxxxxx five at least 1 weeks’ written notice of a request to outturn Commodity (5Outturn Request) business days’ notice in advance, in writing, as to when the advising: (a) Quantity of Commodity, including quantity, grade, name ; (b) Grade of transport provider and the estimated Commodity; (c) Name of Transport Provider; and (d) Estimated time of arrival Transport Provider. 11.2 As soon as is practicable following receipt of an Outturn Request under clause 11.1 the transport service provider. The Xxxxxx will confirm acceptance or rejection particulars of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn(Outturn Confirmation). 9.3 11.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 11.4 If the actual tonnage outturned to the Client exceeds the Clients amount the Client is entitled to outturn entitlementas specified in the Outturn Confirmation (Client’s Outturn Entitlement), the Client must either pay the Xxxxxx for the excess at the Washout Price (as defined in clause 11.6) or replace the shortfall by using other grades of Commodity as negotiated and agreed with the XxxxxxXxxxxx in its discretion. 9.4 11.5 If the actual tonnage outturned to the Client is less than the Clients outturn entitlementClient’s Outturn Entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price.Xxxxxx 9.5 11.6 For the purpose of Clauses 9.3 11.4 & 9.411.5, “Washout Price” for the Client grainClient’s Commodity, unless otherwise agreed, a is the spot market price determined (by an average of three independent brokers) brokers calculated on the day that the Client is advised of the variationvariation in the outturned tonnage versus the Client’s Outturn Entitlement. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 11.7 Transport providers may be subject to load load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx. For further information, the Client may contact the appropriate site contacts as per Schedule 3 of this agreement.

Appears in 1 contract

Samples: Storage and Handling Agreement

Outturn. 9.1 To remove the Commodity from storage the The Client must give the Xxxxxx five at least 1-day’s written notice of a request to outturn (5a) business days’ notice in advance, in writing, as to when the Commodity, including quantity, grade, name Quantity; (b) Grade; (c) Name of transport provider and the estimated Transport Provider; (d) Estimated time of arrival of Transport Provider. 9.2 As soon as is practicable following receipt of an Outturn Request under clause 9.1 the transport service provider. The Xxxxxx will confirm acceptance or rejection particulars of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn(Outturn Confirmation). 9.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 If the actual tonnage outturned to the Client exceeds the Clients Client’s outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.4 9.5 If the actual tonnage outturned to the Client is less than the Clients Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.5 9.6 For the purpose of Clauses 9.3 9.4 & 9.49.5, “Washout Price” for the Client Client’s grain, unless otherwise agreed, a is the spot market price determined (by an average of three independent brokers) brokers calculated based on the day that the Client is advised of the variation. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 Transport providers may be subject to load load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx.

Appears in 1 contract

Samples: Storage & Handling Agreement

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