LTA Sample Clauses
The "LTA" clause, typically referring to a Long-Term Agreement, establishes the terms and conditions under which parties agree to engage in a business relationship over an extended period. This clause outlines the duration of the agreement, renewal options, and the obligations of each party throughout the term, often including pricing structures, service levels, and performance metrics. By setting clear expectations and commitments for a longer timeframe, the LTA clause provides stability and predictability for both parties, reducing the need for frequent renegotiations and helping to manage long-term risks.
LTA. Section 2.1 the words “the 10 (ten) year period commencing 1 January 2007 and ceasing on 31 December 2016” are deleted and replaced by the words “the 14 (Fourteen) year period commencing on 1st January 2007 and ceasing on 31st December 2020”
Section 2.2.1 the words “year *” in the second to last line are deleted and replaced with the words “year *”
Section 2.2.2 The words “The Maximum Volume for the remainder of the LTA Term, commencing 1st January 2012 and ceasing on 31 December 2016 shall be * metric tons” are deleted and replace with the words. “Commencing 1st January 2012 through 31st December 2020 the Maximum Volume under the LTA shall be * metric tons, except that the Maximum Volume may be * metric tons commencing 1st January 2016, provided that (i) R-R has given * to Vendor, (ii) no raw material shortages exist and (iii) R-R’s quarterly forecasting system (“SORB”) is reasonably reliable and accurate.”
Section 2.2 2.1 is deleted in its entirety.
LTA. An equitable mortgage created by deposit of duplicate certificate of title, or other instrument, is NOT registerable.
LTA. Subject to the provisions of sub-section (2) of Section 38 of the Landlord and Tenant Act 1954 neither the Lessee nor any assignee or underlessee of the Term or of the Premises shall be entitled on quitting the Premises to any compensation under Section 37 of that Act to the intent that any existing and future statutory right of the Lessee to claim compensation from the Lessor on vacating the Premises is excluded to the extent permitted by law EASEMENTS AND RIGHTS ENJOYED IN COMMON
LTA. If the two instruments both have the SAME DATE AND TIME on them, it goes by serial number … it is also seen as an indication of time and date. 3 exceptions to this general registration rule re: priority for mortgages: