Aggregate Productive Capacity definition

Aggregate Productive Capacity or “APC” is a measurement intended to approximate the total of the productive capacities of the Mines of a Producer and shall be adjusted from time to time as provided for in this Agreement. However, because only certain changes in productive capacity qualify as provided herein for an adjustment of APC, it is acknowledged that the actual total of the Individual Productive Capacities of the Mines of a Producer, as calculated from time to time for purposes of this Agreement, may differ from the APC of the Producer, as calculated from time to time for purposes of this Agreement. The Aggregate Productive Capacities of the Producers as of the Effective Date are as follows: Agrium Inc. - 1,959,272 Product Tonnes per annum Mosaic Group - 10,129,953 Product Tonnes per annum Potash Corporation of Saskatchewan Inc. (“PCS”) - 11,724,393 Product Tonnes per annum For convenience, the Aggregate Productive Capacities of the Producers are also set forth in Schedule 1 appended to this Agreement, which schedule shall be modified and reconfirmed by each Producer by written agreement based upon such adjustments as may be required after audits conducted pursuant to and in accordance with Articles VI, VII or VIII of this Agreement. It is further acknowledged that the Aggregate Productive Capacity of a Producer, when such reference is to Mosaic Canada Crop Nutrition, LP, shall be understood to relate to the productive capacities of all of the Mines of the Mosaic Group, and that Canpotex shall at all times be entitled to treat the collective productive capacities of the Mines of the Mosaic Group as one APC for purposes hereof with one aggregate Basic Entitlement for purposes of this Agreement, and that it shall be the responsibility of Mosaic Canada Crop Nutrition, LP to ensure that the obligations set forth by or pursuant to this Agreement to deliver Potash to Canpotex consistent with such APC and Basic Entitlement are satisfied by the Mosaic Group;
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Aggregate Productive Capacity means the aggregate Individual Productive Capacity from time to time of the Mine or Mines, as the case may be, of each of the Producers. It is acknowledged and agreed that as of July 1, 2002, the Aggregate Productive Capacity of the IMC Group as stated below and for all purposes hereof, including for determining the Basic Entitlement of the IMC Group, is 464,536 Product Tonnes per annum less than would be the case by aggregating the Individual Productive Capacities of the IMC Group Mines contained in subsection 1.02(m) hereof. This results from there having been completed in 2002 a Post-Expansion Audit Amount for the IMC Colonsay Mine which was 464,536 Product Tonnes per annum greater than the then current Individual Productive Capacity of that Mine, in connection with a proposed Major Expansion that did not result in an increase to the Aggregate Productive Capacity of the IMC Group. Accordingly, as of July 1, 2002, the Aggregate Productive Capacities of the Producers are as follows: Agrium — 1,741,000 Product Tonnes per annum IMC Group — 6,992,600 Product Tonnes per annum PCS — 10,333,500 Product Tonnes per annum
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Aggregate Productive Capacity means the aggregate annual productive capacity from time to time of the Mine or Mines, as the case may be, of each of the Producers, taking into account any Productive Capacity Change at the applicable time provided for in section 4.07 or section 5.04 hereof, expressed as a number of Product Tonnes per annum. As of the Effective Date, the Aggregate Productive Capacities of the Producers are as follows: Agrium............... 1,741,000 Product Tonnes per annum IMC Group............ 6,492,600 Product Tonnes per annum PCS.................. 10,333,500 Product Tonnes per annum
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Examples of Aggregate Productive Capacity in a sentence

  • If any Mine is permanently closed at the end of its production life, such Mine shall be deleted from the listing of Individual Productive Capacities and the Board shall by unanimous vote determine an appropriate adjustment to the Aggregate Productive Capacity of the Producer owning such Mine.

  • It is further acknowledged that Canpotex shall at all times be entitled to treat the collective productive capacities of Kalium, CCP and IMC LP as one aggregate Productive Capacity for purposes hereof and that it shall be the responsibility of the IMC Group to ensure that the obligations to deliver Product Tonnes to Canpotex consistent with such Aggregate Productive Capacity are satisfied by the IMC Group.

  • Where this Part V applies, the results of any Engineering Audit applicable to the Major Expansion shall not be used to determine, as a result of such Major Expansion, the Productive Capacity Change, the Producer’s Aggregate Productive Capacity or the Individual Productive Capacity of the applicable Mine, but rather, such matters shall be determined in accordance with this Part V.