Common use of Purchase of Requirements Clause in Contracts

Purchase of Requirements. (a) Subject to the other provisions of this Article II, Purchaser agrees to purchase from Supplier and Supplier agrees to sell to Purchaser 100% of Purchaser’s requirements for PET Products for the Constar Customers. Purchaser shall sell to Supplier the resin necessary to produce the PET Products at a price to be agreed from time to time and will invoice Supplier for payment based on historic practices at the SLC Facility.