Commodity Purchase Sample Clauses
The Commodity Purchase clause defines the terms and conditions under which one party agrees to buy specific commodities from another party. It typically outlines the type, quantity, quality standards, delivery schedule, and pricing mechanisms for the commodities involved. For example, it may specify that a buyer will purchase a set amount of grain at a market-indexed price, delivered monthly. This clause ensures both parties have a clear understanding of their obligations, reducing the risk of disputes over product specifications, delivery, or payment terms.
Commodity Purchase. The JV Company shall be responsible for the operation of the Plant and the sales of the Plant’s products.
Commodity Purchase. The Plant, upon Commercial Operation, shall supply synthesis gas and steam to Hai Hua and Hai Hua shall be required to pay a fee for such synthesis gas and steam in accordance with the Tolling Contract. In addition, the JV Company shall seek to sell synthesis gas, steam, hydrogen or other products to third parties. After the Commercial Operation Date of the Plant, if the JV Company invests capital to expand the Plant’s synthesis gas output, such additional synthesis gas shall not be sold to third parties at a price lower than the synthesis gas price outlined in the Tolling Contact, assuming such synthesis gas is of the same quality and the contract terms are similar.
Commodity Purchase. The Plant, upon Commercial Operation, shall supply sell methanol and DME to the merchant market.
Commodity Purchase