Common use of Purchase and Sale Commitment Clause in Contracts

Purchase and Sale Commitment. (a) Customer shall purchase and Supplier shall sell the Requirement Volume of Product set forth below during the initial Contract Year (as hereinafter defined) of this Agreement: Product Requirement Volume Sales Target Volume Ammonia ***** S.T. ***** S.T. UAN Solution (as 28% equivalent) ***** S.T. ***** S.T. Urea ***** S.T. ***** S.T. DAP ***** S.T. ***** S.T. MAP ***** S.T. ***** S.T. The Requirement Volume for each subsequent Contract Year shall be set forth in a notice from Customer to Supplier delivered on or before the first day of June preceding a Contract Year and, for each Product, shall be not less than sixty-five percent (65%) nor more than one-hundred percent (100%) of the Sales Target Volume for such Product for such Contract Year.

Purchase and Sale Commitment. (a) Customer shall purchase and Supplier shall sell the Requirement Volume of Product set forth below during the initial Contract Year (as hereinafter defined) of this Agreement: Product Requirement Volume Sales Target Volume Ammonia ***** S.T. ***** S.T. UAN Solution (as 28% equivalent) ***** S.T. ***** S.T. Urea ***** S.T. ***** S.T. DAP ***** S.T. ***** S.T. DAP/MAP ***** S.T. ***** S.T. The Requirement Volume for each subsequent Contract Year shall be set forth in a notice from Customer to Supplier delivered on or before the first day of June May 15 preceding a Contract Year and, for each Product, shall be not less than sixty-five percent (65%) of the Sales Target Volume for such Product as of May 15 of the current Contract Year nor more than one-hundred percent (100%) of the Sales Target Volume for such Product for such subsequent Contract Year.