Period of Product Quality Tests. The PARTIES acknowledge that, pursuant to the ACQUISITION AGREEMENT, the PRODUCT shall be subject to analysis and confirmation as to its conformity to the specifications set forth therein, for a maximum term of 6 (six) months from the COMMERCIAL OPERATION START-UP (“TEST PERIOD”), during which the “Take or Pay” obligations set forth in the ACQUISITION AGREEMENT shall not apply. The PARTIES agree that, likewise, the PERIODS set forth above and the obligations of the PARTIES to present and transport the volumes of PRODUCT stipulated in the table above will also begin with the end of the TEST PERIOD under the ACQUISITION COMMITMENT, which shall be immediately notified by PDB to HERMASA.
Appears in 4 contracts
Sources: Waterway Transportation Services Agreement (Brazil Potash Corp.), Waterway Transportation Services Agreement (Brazil Potash Corp.), Private Instrument for the Provision of Waterway Transportation Services (Brazil Potash Corp.)