Common use of Take or Pay Contracts Clause in Contracts

Take or Pay Contracts. The Borrower will not, and will not --------------------- permit any of its Subsidiaries to, enter into or be a party to any arrangement for the purchase of materials, supplies, other property or services if such arrangement by its express terms requires that payment be made by the Borrower or such Subsidiary regardless of whether such materials, supplies, other property or services are delivered or furnished to it, unless the aggregate amount payable under all such arrangements shall not exceed $100,000 in any calendar year.

Take or Pay Contracts. The Borrower will not, and will not --------------------- permit any of its Pledged Subsidiaries to, enter into or be a party to any arrangement for the purchase of materials, supplies, other property or services if such arrangement by its express terms requires that payment be made by the Borrower or such Pledged Subsidiary regardless of whether such materials, supplies, other property or services are delivered or furnished to it, unless the aggregate amount payable under all such arrangements shall not exceed $100,000 in any calendar year.