Offtaker definition

Offtaker means the counterparty to an Offtake Agreement;

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Offtaker means any Person that enters into an Offtake Agreement in respect of which a Seller Group Member, or, if applicable, an Affiliate of the Parent or a Related Party of the Parent or a Seller Group Member, is the seller.

Offtaker means the Investor for so long as it, or any of its Affiliates, is a party to the Offtake Agreement or has a commitment to purchase lithium-based production from the Corporation or any of its Affiliates under a long-term (greater than one year) offtake agreement for no less than [Redacted].

Examples of Offtaker in a sentence

• If such System is sold following such remarketing, the proceeds of such sale shall first be paid to such Offtaker to the extent required pursuant to the relevant terms of the applicable Power Purchase Agreement.

• The Managing Member shall cause the Facility Company to distribute to the Company any System in respect of which an Offtaker has made a payment of Termination Value pursuant to the relevant PPA; provided that the Facility Lenders shall have first released their lien on such System.

• The Investor shall not be entitled to exercise the Participation Right and Top-Up Right under this Article 3, and all of the Investor’s rights under this Article 3 shall terminate on the later to occur of (i) the Lock-Up Outside Date, and (ii) the date on which the Investor ceases to either (i) meet the 10% Threshold, or (ii) both meet the 5% Threshold and is an Offtaker.

• The Parties agree and acknowledge that the exercise of the rights of the Security Trustee or the Appointed Representative, as the case may be (a) under the Contract during the Step-in Period; and (b) in connection with the security interests granted by the Generator shall not amend, waive or suspend the provisions of the Contract and the rights of the Offtaker under the Contract, except as expressly set out under this Deed and any Step-In Undertaking.

• Promptly after the furnishing thereof, copies of any notice, inquiry or demand (including, without limitation, any notice of, or request for information regarding, any default, event of default, force majeure event or termination event (caducidad), furnished to or by any Person (whether any Credit Party, any Offtaker, any Governmental Authority, A▇▇, Ecopetrol S.A., any counterparty or otherwise) pursuant to or in connection with the terms of any Material Document.

More Definitions of Offtaker

Offtaker means (i) any Person that is not a Seller Group Entity that purchases Minerals from a Seller Group Entity or is the recipient of the entitlement to, or benefit of, Minerals from a Seller Group Entity (including where a Governmental Authority levies a Tax payable by way of delivery of Minerals or otherwise obtains Minerals from a Seller Group Entity); or (ii) any Person that takes delivery of Minerals for the purpose of smelting, refining or other beneficiation of such Minerals for the benefit of a Seller Group Entity.

Offtaker means each counterparty to each DG Offtake Agreement and each Ethanol Offtake Agreement.

Offtaker means each counterparty under each Power Purchase Agreement.

Offtaker means a party purchasing energy and related products

Offtaker means an undertaking that has entered into an offtake agreement with a project promoter;

Offtaker means the counterparty to an Offtake Agreement which may include, as applicable, the manager of the Joint Venture, appointed pursuant to the Joint Venture Agreement or the Joint Venture Conduct.

Offtaker means any Person that is party to a Material Water Agreement as a purchaser of water produced thereunder.