Examples of Pellet Supply Agreement in a sentence
Buyer and Seller wish to enter into this Pellet Supply Agreement (this "Agreement") setting forth, inter alia, the terms and conditions relating to Seller's agreement to sell to Buyer, and Buyer's agreement to purchase from Seller, Pellets, all upon and subject to the terms and conditions herein provided.
If REP' s ability to produce hot metal is constrained because USS fails to provide Coke pursuant to the provisions of the Coke Supply Agreement and/or Pellets pursuant to the provisions of the Pellet Supply Agreement, REP may reduce shipments of Rounds to USS hereunder before curtailing shipments to other customers.
Seller or a Seller Subsidiary shall have the right to enter into such a “Pellet Supply Agreement” prior to the Closing with the prior written consent of Purchaser, given or withheld in its reasonable discretion (it being understood that one reasonable ground for the withholding of Purchaser’s consent shall be if the Pellet Supply Agreement or any memorandum thereof is to be a lien on any portion of the Property or otherwise recorded in the applicable public records).
Purchaser shall, and Seller shall or shall cause Seller Subsidiary to, enter into all necessary documentation required by the Pellet Supply Agreement to effect the transfer of the Pellet Supply Agreement to Purchaser.
If REP’s ability to produce hot metal is constrained because USS fails to provide Coke pursuant to the provisions of the Coke Supply Agreement and/or Pellets pursuant to the provisions of the Pellet Supply Agreement, REP may reduce shipments of Rounds to USS hereunder before curtailing shipments to other customers.
In the event of any change(s) (increase or decrease) in the Pellet price(s) paid by REP to USS under the Pellet Supply Agreement from the price(s) being paid thereunder as of April 1, 2006, the Base Prices for Rounds shall be subject to adjustment (increase/decrease) according to the following formula: Pellet Adjustment Increase/Decrease = (1.557 x .825 / .914 x (new WAC pellet price - old WAC pellet price) Pellet rate x hot metal factor x liquid to round yield x change in price.
The Pellet Supply Agreement shall be an Assumed Contract for all purposes hereunder, except to the extent Seller is unable to obtain any necessary consent to assignment set forth above.