Minimum Product Charge definition
Examples of Minimum Product Charge in a sentence
All Minimum Product Charge Invoices shall be on a net cash basis, payable by Coffeyviile Resources within twenty (20) days after receipt thereof.
In the event BOC has not received payment within forty (40) days of the date of a Minimum Product Charge Invoice, BOC at its sole option may assess interest thereon at an annual rate equal to the prime rate then in effect at Chase Manhattan Bank, N.A., plus two percent (2%) from and after the date such payment was due to the date when paid.
Coffeyville Resources will apply those credits against BOC’s invoices for the Minimum Product Charge.
Annually during the Supply Period, the Minimum Product Charge and the unit prices for gaseous Product purchased by Coffeyville Resources hereunder shall be subject to price adjustment by BOC as set forth in Exhibit B hereto.
If either BOC or Coffeyville Resources so elects in writing, the Supply Period shall be extended for two times the number of full days with respect to which such Minimum Product Charge was so abated.
Annually during the Supply Period, the Minimum Product Charge and the unit prices for gaseous Product purchased by Farmland hereunder shall be subject to price adjustment by BOC as set forth in Exhibit B hereto.
All Minimum Product Charge Invoices shall be on a net cash basis, payable by Farmland within twenty (20) days after receipt thereof.
In the event BOC has not received payment within forty (40) days of the date of a Minimum Product Charge Invoice, BOC at its sole option may assess interest thereon at an annual rate equal to the prime rate then in effect at Chase Manhattan Bank, N.A, plus two percent (2%) from and after the date such payment was due to the date when paid.
If either BOC or Farmland so elects in writing, the Supply Period shall be extended for two times the number of full days with respect to which such Minimum Product Charge was so abated.