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.
If the Delinquent Amount is not paid in full within 10 days following the delivery of such Notice of Intent to Effect Set-off, USS shall have the right to suspend further shipments of Pellets to Buyer until the Delinquent Amount (including any other delinquent amounts owed to USS and/or LPM under this Agreement, the Pellet Supply Agreement and/or the Services Agreement that accrue after issuance of the Notice) are paid in full.
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.
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: 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.
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).
Any Default by Republic under the Pellet Supply Agreement, the Rounds Agreement or the Services Agreement shall be deemed a Default of Republic under this Agreement.
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.
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.