Common use of Unilateral Prospective Stepdowns Clause in Contracts

Unilateral Prospective Stepdowns. (a) We will not implement a Unilateral Prospective Stepdown of the Minimum Price unless in accordance with section 28(1) of the Dairy Code and only on the occurrence of exceptional circumstances. (b) If we implement a Unilateral Prospective Stepdown in accordance with clause 11.2(a) above, you have the right to terminate this agreement within 21 days of receipt of a notice informing you of the Unilateral Prospective Stepdown. Such termination will be effective from the date on which the Unilateral Prospective Stepdown is specified in our notice to take effect.

Appears in 13 contracts

Sources: Milk Supply Agreement, Milk Supply Agreement, Milk Supply Agreement