Minimum Tonnage definition
Examples of Minimum Tonnage in a sentence
In the first Wisconsin Supply Period Contract Year, the Wisconsin Supply Period Annual Minimum Tonnage shall be adjusted to take into consideration the reduced Wisconsin Supply Period Monthly Minimum Tonnages during the Ramp-Up Period.
Customer shall use its good faith commercially reasonable efforts to order in each month of the Wisconsin Supply Period at least [***]% of the Wisconsin Supply Period Monthly Minimum Tonnage.
In the month when the Wisconsin Supply Period Commencement Date occurs, the Wisconsin Supply Period Monthly Minimum Tonnage and the Wisconsin Supply Period Monthly Maximum Order shall each be prorated based on the fraction of such month that has elapsed during the Wisconsin Supply Period.
At the end of each Wisconsin Supply Period Contract Year and at the end of the Term, Customer must pay Supplier [***] per Ton for any amount of the Wisconsin Supply Period Annual Minimum Tonnage that Customer has failed to purchase and is unable to carry forward into a following Wisconsin Supply Period Contract Year (the “Annual True-Up”).
Exhibit 7 sets forth an illustration of the Wisconsin Supply Period Monthly Minimum Tonnage and Wisconsin Supply Period Annual Minimum Tonnage amounts for the first Wisconsin Supply Period Contract Year, taking into account the Ramp-Up Period, and for each Wisconsin Supply Period Contract Year thereafter.
Accordingly, if any Council fails to deliver its Minimum Tonnage guarantee of Contract Waste in any year, such Council shall still be liable for its Minimum Payment.
Likewise, at the end of each Wisconsin Supply Period Contract Year and at the end of the Term, Supplier must pay Customer [***] per Ton for any amount of the Wisconsin Supply Period Annual Minimum Tonnage that Customer has ordered but Supplier has failed to make available for delivery to Customer and is unable to carry forward into a following Wisconsin Supply Period Contract Year (the “Supplier Annual True-Up”).
Supplier shall be entitled to sell to other customers of Supplier any or all of the Annual Minimum Tonnage not ordered by Customer.
Another Partner has however delivered 25,000 tonnes above their Minimum Tonnage so the Authority's overall Minimum Tonnage shortfall under the Project Agreement is 30,000 – 25,000 = 5,000 tonnes.
Each Contract Year of the Term, Supplier will sell, and Customer will purchase, the Annual Minimum Tonnage upon such terms and conditions as set forth herein.