XXXXX CHIPS Sample Clauses

XXXXX CHIPS. All Chips produced by Xxxxx from the Xxxxx Facilities shall be allocated, sold and purchased in the order of priority and manner as follows: (a) Until substantial completion of construction and commencement of pulping operations of Xxxxx’x TMP Mill, Xxxxx will: (i) Firstly, sell to BCFP and BCFP will purchase all Chips produced by Xxxxx each Year up to a maximum of (***) Units of Chips each Year. (ii) Secondly, sell Chips in accordance with the terms and conditions of the current chip supply contracts of Xxxxx which Xxxxx hereby warrants and covenants will expire or be satisfied on or before December 31, 1984. Xxxxx further covenants and agrees with BCFP not to amend, extend or renew any of such chip supply contracts, nor enter into any new Chip supply contracts without the prior written consent of BCFP unless the volume that will be supplied to BCFP is at least (***) Units per Year; and (iii) Thirdly, sell to BCFP and BCFP will purchase all additional Chips produced by Xxxxx up to a maximum of (***) Units each Year less the number of Units to be sold during that Year to the purchaser under the contracts described in subparagraph 2(a)(ii). (b) Upon substantial completion of construction and commencement of pulping operations of Xxxxx’x TMP Mill, Xxxxx will: (i) allocate Chips for the internal requirements of Xxxxx’x TMP Mill estimated to be (***) Units per Year; and (ii) sell to BCFP and BCFP will purchase the remaining volume of Chips not so allocated up to a maximum of (***) Units per Year.