Common use of Minimum and Maximum Amounts Clause in Contracts

Minimum and Maximum Amounts. 1.1.1. During each Contract Year, Seller shall sell and deliver to Buyer, and Buyer shall purchase and accept from Seller, at a minimum, the amount of tons of Complying Gypsum that is equal to the greater of (i) * * * (the “Minimum Amount”); provided that (A) if in any Contract Year the ▇▇▇▇▇▇ Station and the Miami Fort Station are collectively scheduled to have at least one hundred (100) outage days for such Contract Year, then the Minimum Amount for such Contract Year shall be the lesser of * * *; provided, further that if the ▇▇▇▇▇▇ Station and the Miami Fort Station are collectively scheduled to have at least one hundred outage days in any Contract Year that is five or fewer years after a Contract Year in which the ▇▇▇▇▇▇ Station and the Miami Fort Station collectively had at least one hundred outage days, the Minimum Amount for such later Contract Year shall be * * * and (B) in no event shall Seller be obligated to sell or Buyer obligated to purchase more than the amount of tons of Complying Gypsum that is equal to * * * (the “Maximum Amount”). The Minimum Amount and Maximum Amount shall be adjusted as provided in this Contract. Each “Contract Year” shall begin on January 1 and end on the following December 31. As used in this Contract “ton” means (i) dry tons when calculating the payments to be made by

Appears in 1 contract

Sources: Gypsum Contract (Continental Building Products, Inc.)

Minimum and Maximum Amounts. 1.1.1. During each Contract Year, Seller shall sell and deliver to Buyer, and Buyer shall purchase and accept from Seller, at a minimum, the amount of tons of Complying Gypsum that is equal to the greater of (i) * * * (the “Minimum Amount”); provided that (A) if in any Contract Year the Miami Fort Station and the ▇▇▇▇▇▇ Station and the Miami Fort Station are collectively scheduled to have at least one hundred (100) outage days for such Contract Year, then the Minimum Amount for such Contract Year shall be the lesser of * * *; provided, further that if the Miami Fort Station and the ▇▇▇▇▇▇ Station and the Miami Fort Station are collectively scheduled to have at least one hundred outage days in any Contract Year that is five or fewer years after a Contract Year in which the Miami Fort Station and the ▇▇▇▇▇▇ Station and the Miami Fort Station collectively had at least one hundred outage days, the Minimum Amount for such later Contract Year shall be * * * and (B) in no event shall Seller be obligated to sell or Buyer obligated to purchase more than the amount of tons of Complying Gypsum that is equal to * * * (the “Maximum Amount”). The Minimum Amount and Maximum Amount shall be adjusted as provided in this Contract. Each “Contract Year” shall begin on January 1 and end on the following December 31. As used in this Contract “ton” means (i) dry tons when calculating the payments to be made byby Buyer under Section 17 or the price discounts and incentives under Sections 2.2.1 and 2.2.2 and (ii) wet tons for all other

Appears in 1 contract

Sources: Gypsum Contract (Continental Building Products, Inc.)