Common use of Purchase Prior to Commencement of Commercial Production Clause in Contracts

Purchase Prior to Commencement of Commercial Production. GM (for itself or through a Designated Purchaser) shall have the right to purchase all Phase One Product produced at the Production Facility prior to the Commencement of Commercial Production, in accordance with the provisions of this Agreement but based upon such minimum aggregate shipment quantities and such shipment delivery schedules as well as provisions as to chemical specifications as Supplier and GM shall reasonably agree. If GM and/or its Designated Purchasers decline to purchase any or all of the Phase One Product produced prior to the Commencement of Commercial Production, Supplier shall be entitled (but not obligated), in its discretion, to sell such Product to any Person.

Appears in 5 contracts

Samples: Lithium Offtake Agreement (1397468 B.C. Ltd.), Agreement (1397468 B.C. Ltd.), Agreement (1397468 B.C. Ltd.)

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