Common use of Product Quality Test Period Clause in Contracts

Product Quality Test Period. Without prejudice to PDB’s responsibility set forth in this COMMITMENT, in particular the responsibility for the quality of the PRODUCT and for holding AMAGGI harmless from any direct losses, damages and injuries on account of the commercialization and use of the PRODUCT, subject to the limits of liability set forth in this COMMITMENT, the PARTIES agree that, during the initial period of operation of the PROJECT, for a period sufficient for analyses and confirmations as to the compliance of the PRODUCT with the specifications of this Clause 2, limited to a maximum term of 6(six) months from the date of commencement of commercial operation of the PROJECT (TEST PERIOD) and until the beginning of the First Period, the “Take or Pay” obligations set forth above shall not apply, and it is certain that, once the tests are concluded and the specifications of the PRODUCT are confirmed to the foreseen in “Annex I”, the TEST PERIOD will be considered ended and the “Take or Pay” obligation effective PERIODS set forth in Table 01 above will begin, in the terms specified in Table 01 above, with the consequent counting of deadlines and corresponding volumes. The PARTIES agree that the confirmation of the quality of the PRODUCT in the TEST PERIOD shall not exclude PDB’s obligation to maintain the quality of the PRODUCT in strict compliance with the technical standards defined in Clause 2.1 above, whose quality, composition and other physical-chemical characteristics shall be maintained in accordance with such standards during the entire term of this COMMITMENT.

Appears in 4 contracts

Samples: Commercial Product Purchase Commitment and Other Agreements (Brazil Potash Corp.), Commercial Product Purchase Commitment and Other Agreements (Brazil Potash Corp.), Commercial Product Purchase Commitment and Other Agreements (Brazil Potash Corp.)

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