Coal Inventory. Provider will maintain an inventory of Coals at the Plant and any local storage sites (excluding coal on barges) whereby the inventory of Coals are immediately available to the Plant sufficient to produce not less than ***** (*****) days of Conforming Coke, with a Monthly average of ***** (*****) such days, based on the applicable Targeted Coke Production (the “Minimum Coal Inventory”). If, at any time, Provider has reason to believe that the Plant’s Coal inventory will be less then the Minimum Coal Inventory, then it will promptly notify Off-Taker thereof in its capacity as a member of the Coal Committee. Such notice will include the reason for such shortfall, and (as applicable) any recommendations of Provider to remedy such shortfall. The Coal Committee shall confer within two (2) business days thereof, and shall confer in good faith on measures and actions to alleviate such shortfall as soon as possible.• Provider shall use commercially reasonable efforts to take actions to alleviate such shortfall as soon as possible.
Coal Inventory. PCC shall use its commercially reasonable efforts to have 110,000 tons of Coal Inventory as of the Closing Date.
Coal Inventory. (a) For purposes of calculating the coal inventory at the Mining Complexes included in the Purchased Assets as of the Closing Date (in the aggregate and at each Mining Complex) for purposes of calculating the amount of Working Capital and satisfying the Minimum Coal Inventory Condition, the Parties shall jointly engage a reputable third-party engineer or engineering firm that is knowledgeable in determining coal inventory and mutually acceptable to the Parties (the “Inventory Inspector”) to determine the coal inventory as of the Closing Date by conducting a visual flight inspection at such locations no more than five Business Days prior to the Closing Date, a report of which shall be delivered to the Parties immediately thereafter.
Coal Inventory. (a) At Closing, the Sellers hereby agree to have at least the amount of clean and severed coal of a saleable quality on a blended basis (or, solely in the case of the Triad Complex, the amount of clean and severed coal of a saleable quality, plus the clean equivalent of raw coal whether at the preparation plant or in the surface pit) (collectively, the “Saleable Coal Inventory”) at each loadout as set forth on Schedule 2.07(a) (the “Minimum Tons”). The Parties acknowledge and agree that Schedule 2.07(a) sets forth the Minimum Tons assuming the completion of all production days in August 2014 prior to the Closing. If the Closing occurs prior to August 31, 2014, the Minimum Tons set forth on Schedule 2.07(a) shall be adjusted proportionally to reflect the total number of production days that have been completed prior to the Closing out of the total number of production days in August 2014.
