Common use of Annual Minimum Clause in Contracts

Annual Minimum. Buyer shall take a minimum of ****** tons in each Contract Year ("Annual Minimum"). If Buyer takes less than ****** tons in any Contract Year, Buyer shall pay to Seller the amount determined by the difference between ****** tons and the amount of coal actually taken during the Contract Year, multiplied by the then applicable Tier 1 Purchase Price (as defined in Article V). This take-or-pay requirement shall be (i) ****** tons minus the 2016 Stub Year Tons for the 2017 Stub Year, and (ii) prorated based on the Prorated Annual Minimum for the 2021 Stub Year.

Annual Minimum. Buyer shall take a minimum of ****** tons in each Contract Year ("Annual Minimum"). If Buyer takes less than ****** tons in any Contract Year, Buyer shall pay to Seller the amount determined by the difference between ****** tons and the amount of coal actually taken during the Contract Year, multiplied by the then applicable Tier 1 Purchase Price (as defined in Article V). This take-or-take or pay requirement shall be (iadjusted as provided in Section 3.02(g) ****** tons minus the 2016 Stub Year Tons below for the 2017 Stub Year, and (ii) prorated based on the Prorated Annual Minimum for the 2021 Stub YearUnit 3 outage.