Glencore Terms Clause Samples
Glencore Terms. As between Li-Cycle and Glencore, the Refined Products allocated to Glencore hereunder (other than Graphite Concentrate) shall be considered “Glencore Committed End Products” under the terms of the End Products Offtake Agreement, and Li-Cycle and Glencore shall enter into separate “End Products Sale Agreements” with respect to such Refined Products under the terms of the End Products Offtake Agreement. As between Li-Cycle and Glencore, for the purposes of the End Products Offtake Agreement, Glencore agrees that North America Seller shall pay Glencore (or its applicable affiliate) a marketing fee equal to [XXX] for such Refined Products, and such fee shall be considered to be the “End Products Marketing Fee” for the purposes of such sales only. As between Li-Cycle and Glencore, the Graphite Concentrate allocated to Glencore hereunder shall be considered “Surplus By-Products” under the terms of the By-Products Offtake Agreement and the material commercial terms for the sale and purchase of such Graphite Concentrate shall be determined pursuant to Section 6.1.4 (Graphite Concentrate) of the By-Products Off-Take Agreement.
Glencore Terms. As between Li-Cycle and Glencore, such Black Mass shall be considered “Glencore Committed Black Mass” under the terms of the Black Mass Offtake Agreement, and Li-Cycle and Glencore shall enter into separate “Black Mass Sale Agreements” with respect to such Black Mass under the terms of the Black Mass Offtake Agreement. As between Li-Cycle and Glencore, for the purposes of the Black Mass Offtake Agreement, Glencore agrees that North America Seller shall pay Glencore (or its applicable affiliate) a marketing fee equal to [XXX] for such Black Mass, and such fee shall be deemed to be the “Black Mass Marketing Fee” for the purposes of such sales only.