Common use of SALE/PURCHASE OF THE TOLEDO GRAIN Clause in Contracts

SALE/PURCHASE OF THE TOLEDO GRAIN. Subject to the terms and conditions set forth in this Agreement, TAI agrees to sell to Cargill and Cargill agrees to purchase from TAI the Toledo Grain for the duration of the Initial Term and all subsequent renewal terms, if any. Cargill shall have sole discretion to determine when Cargill shall purchase and at what price Cargill shall purchase the Toledo Grain from TAI. These decisions shall be made with full consideration of origination, logistic and grain quality factors as represented in good faith by TAI. During the term of this Agreement, TAI will not sell the Toledo Grain to any person or entity other than Cargill pursuant to the terms of this Agreement. Cargill and TAI shall execute Cargill's standard purchase contract ("Purchase Contract") to effectuate each respective sale of the Toledo Grain. The terms and conditions on the front and back sides of the Purchase Contract shall govern the transaction to the extent that such terms and conditions do not conflict with the terms of this Agreement in which case this Agreement shall govern. A copy of the Purchase Contract is attached hereto as Exhibit B.

Appears in 2 contracts

Samples: Marketing Agreement (Andersons Inc), Marketing Agreement (Andersons Inc)

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SALE/PURCHASE OF THE TOLEDO GRAIN. Subject to the terms and conditions set forth in this Agreement, and any Renewal Term, TAI agrees to sell to Cargill and Cargill agrees to purchase from TAI the Toledo Grain for the duration of this Agreement. Cargill, in consultation with the Initial Term and all subsequent renewal termsTAI Designated Merchants, if any. Cargill shall have sole discretion to will determine when Cargill shall purchase and at what price Cargill shall purchase the Toledo Grain from TAI. These decisions shall be made with full consideration of origination, logistic and grain quality factors as represented in good faith by TAI. During the term of this Agreement, TAI will not sell the Toledo Grain to any person or entity other than Cargill pursuant to the terms of this Agreement, without the consent of Cargill. Cargill and TAI shall execute Cargill's ’s standard purchase contract ("Purchase Contract") to effectuate each respective sale of the Toledo Grain. The terms and conditions on the front and back sides of the Purchase Contract shall govern the transaction to the extent that such terms and conditions do not conflict with the terms of this Agreement in which case this Agreement shall govern. A copy of the Purchase Contract is attached hereto as Exhibit B.

Appears in 1 contract

Samples: Marketing Agreement (Andersons Inc)

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SALE/PURCHASE OF THE TOLEDO GRAIN. Subject to the terms and conditions set forth in this Agreement, and any Renewal Term, TAI agrees to sell to Cargill and Cargill agrees to purchase from TAI some of the Toledo Grain for the duration of this Agreement. Cargill, in consultation with the Initial Term and all subsequent renewal termsTAI Designated Merchants, if any. Cargill shall have sole discretion to will determine when Cargill shall purchase and at what price Cargill shall purchase the Toledo Grain from TAI. These decisions shall be made with full consideration of origination, logistic and grain quality factors as represented in good faith by TAI. During the term of this Agreement, TAI will not sell the Toledo Grain to any person or entity other than Cargill pursuant to the terms of this Agreement, without the consent of Cargill. Cargill and TAI shall execute Cargill's ’s standard purchase contract ("Purchase Contract") to effectuate each respective sale of the Toledo Grain. The terms and conditions on the front and back sides of the Purchase Contract shall govern the transaction to the extent that such terms and conditions do not conflict with the terms of this Agreement in which case this Agreement shall govern. A copy of the Purchase Contract is attached hereto as Exhibit B.

Appears in 1 contract

Samples: Marketing Agreement (Andersons, Inc.)

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