Shipment Period definition
Examples of Shipment Period in a sentence
Pricing Period is the period during which the Projected Corn Usage for the applicable Shipment Period will be hedged in Client’s account and shall run from the effective date of this Agreement through the CBOT close on the last trading day of the calendar month preceding the first day of the applicable Shipment Period.
If Seller does not set basis at time of original contract, Seller shall set the basis using Buyer's basis quotes at the Delivery Point for the Commodity and Shipment Period, on or before the EARLIEST of (a) the first date of delivery during the Shipment Period, (b) the last business day of the Shipment Period, or (c) two business days prior to the first day of Futures Reference Month.
This Agreement constitutes a firm order from SANYO for the sum of [*] metric tons of Product that cannot be cancelled during the Shipment Period, unless otherwise expressly provided in this Agreement.
In the event the shipment is rejected or deemed rejected, Darling may replace the quantity with another shipment if time remains in the Shipment Period.
Target Corn Price for any Shipment Period shall be an amount negotiated by the Parties in good faith prior to such Shipment Period.
This Agreement constitutes a firm commitment by HOKU to supply the sum of [*] metric tons of Product that cannot be canceled during the Shipment Period, unless otherwise expressly provided in this Agreement.
Target Corn Price for any Shipment Period is (A) the average of the daily closing CBOT futures corn price for the Shipment Period during the 3 month period directly preceding the first day of the first month of the Shipment Period (the “average price”), or, at Client’s option, (B) the highest of such daily closing CBOT futures corn prices falling in the bottom one-third (1/3) of the daily closing prices for the 3-month period preceding the Shipment Period (the “bottom 1/3 price”).
After the Transitional Products Shipment Period, Buyer will, at its discretion, either pay Supplier for such pallets at Supplier's or any Contract Manufacturer's actual cost, as applicable, or establish a lease contract for such pallets directly with Chep USA.
After the Transitional Products Shipment Period, all claims by or to common carriers in connection with Products will be the responsibility of Buyer, except to the extent any such claim by a common carrier is due to Supplier's negligence, gross negligence, intentional misconduct or breach of this TS Agreement.
KL shall notify MDS if any shipment will not be made within the Shipment Period applicable to a Shipment Order.