TERM AND QUANTITY Sample Clauses

TERM AND QUANTITY. 1.1 The term of this Agreement (the "Term") shall be the period commencing on the date hereof and ending on the date of exhaustion of the Reserve Commitment (as hereinafter defined) (the "Expiration Date"). 1.2 During the Term, Buyer agrees to buy, and Seller agrees to sell, [_ _ _ _] produced by the Source Mine from existing reserves, as identified on Schedule 1.2 hereto, currently estimated to be not less than [_ _ _ _], and from all additional reserves assigned to Seller for purposes of this Agreement by mutual consent of the parties (collectively, the "Reserve Commitment"), at the following annual rates (the "Annual Base Amount"): CALENDAR YEAR ANNUAL BASE AMOUNT 2005 Actual production from the Source Mine, estimated to be [_ _ _ _] tons 2006 Actual production from the Source Mine, estimated to be [_ _ _ _] tons, but at a production rate of not less than * CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. BRACKETS AND UNDERSCORES DENOTE SUCH OMISSIONS. [_ _ _ _] by October 1, 2006 2007-Expiration Date [_ _ _ _] Buyer shall have the option, upon not less than six (6) months' prior notice to Seller, to increase the Annual Base Amount (for calendar years occurring after 2005) by [_ _ _ _] (prorated in the case of the portion of the calendar year remaining after such increase takes effect) so as to increase the Annual Base Amount to [_ _ _ _], subject to availability of equipment at the Source Mine required by Seller to produce coal to be sold hereunder in such quantities ("Increased Production Equipment"). If Seller is unable to produce the increased Annual Base Amount due to unavailability of the Increased Production Equipment, Seller shall use commercially reasonable efforts to obtain the Increased Production Equipment (including, without limitation, by diverting equipment from other mines to the extent not currently in use or anticipated to be used in such other mines) prior to the expiration of such six month period, and in any event shall obtain the Increased Production Equipment prior to the expiration of eighteen (18) months after receipt of Buyer's notice. Once the Annual Base Amount is increased pursuant to this Section 1.2, it may not be decreased without the mutual consent of the parties. Seller shall not change the source of the coal supplied hereunder (the "Base Source Coal") without the prior written consent of Buyer's Agent. Seller represents to Buyer that the current assigned reserves ...
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TERM AND QUANTITY. During the period from November 1, 1997 through March 31, 1998, CHAMPION agrees to purchase from SUNCREST and SUNCREST agrees to provide to CHAMPION chipping services for 121,980 tons of wood.
Sample 1
TERM AND QUANTITY. During the period from April 1, 1998 through December 31, 1998, CHAMPION agrees to purchase from SUNCREST and SUNCREST agrees to manufacture and sell to CHAMPION approximately 212,040 tons of wood chips on the terms and conditions set forth in this Article and in Articles III through V. During the period from January 1, 1999 through December 31, 2002. CHAMPION agrees to purchase from SUNCREST and SUNCREST agrees to manufacture and sell to CHAMPION 285,000 tons of wood chips annually on the terms and conditions set forth in this Article and in Articles III through V.
Sample 1
TERM AND QUANTITY. During the period from February 5, 2002 through May 19, 2004, BLUE RIDGE PAPER agrees to purchase from L-P and L-P agrees to manufacture and sell to BLUE RIDGE PAPER approximately 125,000 tons of hardwood wood chips annually on the terms and conditions set forth in this Article and in Articles II through IV.
Sample 1
TERM AND QUANTITY. (a) The term of this Agreement commences on the effective date set forth above and expires on , 20 , subject to termination pursuant to paragraph 5. (b) You agree to supply the following quantity of market hogs to us under this Agreement: (1) hogs per month; or (2) All hogs produced from a sow farrowing operation, not to exceed hogs per year (approximately hogs per month); or (3) All hogs produced from your hog production operation, not to exceed hogs per year (approximately hogs per month). (c) If you use an “all-in/all-out” or batch operation, deliveries must average the monthly quantity set forth above. (d) Any variances in deliveries from the quantity set forth above will be accepted only at our discretion. Any excess quantities intended to compensate for prior deficit quantities and vice versa will be accepted only at our discretion. (e) You acknowledge that our payment of a Guaranteed Minimum Price as set forth in paragraph 2 is made in reliance upon your promise to perform under this Agreement for the entire term of the contract.
Sample 1
TERM AND QUANTITY. 4.1. This agreement shall commence on 1 July 1996 and shall extend for an initial period of 5 years. 4.2. If by 30 June of each Agreement year Radio has failed to sell the number of units of the Product specified in Schedule 3 of this Agreement Duplex shall be entitled to terminate this Agreement by giving 28 days written notice to Radio. 4.3. The numbers specified in Schedule 3 of this Agreement shall be agreed between Duplex and Radio by July 31 in each Agreement Year, the agreed figure to be inserted in the Schedule and signed by both parties.
Sample 1
TERM AND QUANTITY. (a) For the calendar years from January 1 to December 31 you will supply: (1) 750,000 hogs in calendar year 2008 (2) 800,000 hogs in calendar year 2009 (3) 800,000 hogs in calendar year 2010 (b) All hogs produced from your hog production operation, and not less than the number of hogs per year specified in 1.(a) (1), (2), and (3) above. (c) You acknowledge that our payment of the Contract Price as set forth in paragraph 2 is made in reliance upon your promise to perform exclusively under this Agreement for the entire term of the contract. (d) You acknowledge that you will exclusively sell to us all of your merchantable hog production that meets our purchase criteria as stipulated below. (e) You acknowledge that we retain the right to purchase hogs on the open market at our discretion in order to meet required volumes above and beyond the quantities you will supply us under this Agreement.
Sample 1
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Related to TERM AND QUANTITY

  • ESTIMATED QUANTITIES 1.1 The quantities set forth in the line items and specification document are approximate and represent the estimated requirements for the contract period. 1.2 Items listed may or may not be an inclusive requirements for this category. 1.3 Category items not listed, but distributed by bidder are to be referred to as kindred items. Kindred items shall receive the same percentage of discount or pricing structure as items listed in the specification document. 1.4 The unit prices and the extended total prices shall be used as a basis for the evaluation of bids. The actual quantity of materials necessary may be more or less than the estimates listed in the specification document, but the City/County shall be neither obligated nor limited to any specified amount. If possible, the Owners will restrict increases/decreases to 20% of the estimated quantities listed in the specification document.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • Xxxxx of License; Limitations The Engineer is granted a limited revocable non-exclusive license to use the registered TxDOT trademark logo (TxDOT Flying “T”) on any deliverables prepared under this contract that are the property of the State. The Engineer may not make any use of the registered TxDOT trademark logo on any other materials or documents unless it first submits that request in writing to the State and receives approval for the proposed use. The Engineer agrees that it shall not alter, modify, dilute, or otherwise misuse the registered TxDOT trademark logo or bring it into disrepute.

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

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