QUANTITY OPTIONS Sample Clauses
QUANTITY OPTIONS. ITP reserves the unilateral right to increase order quantities up to 50 percent of the maximum amounts shown on the proposal form. Notice of any increase in quantities will be included in the Notice to Proceed.
QUANTITY OPTIONS. (a) In each of the Contract Years beginning January 1, 2015 and 2016, the Quantity Options *[Redacted]* which may be exercised by the Seller in each of such Contract Years *[Redacted]* to sell to the Buyer up to a combined maximum of 40,000 DMT of Concentrates, in addition to the Base Amount for the relevant Contract Year.
(b) The *[Redacted]* option, which may be exercised one time in respect of each Contract Year *[Redacted]* (subject to the aforementioned *[Redacted]* 40,000 DMT limit *[Redacted]* in each Contract Year). The *[Redacted]* Option may only be exercised by the Seller delivering written notice to the Buyer, specifying the number of DMT of Concentrates *[Redacted]* no later than: (i) *[Redacted]* provided that the Treatment Charge, the Copper Refining Charge and the Copper Price Participation *[Redacted]* have been established hereunder by that date; or (ii) *[Redacted]* the Treatment Charge, the Copper Refining Charge and the Copper Price Participation *[Redacted]* have all been so established.
(c) The *[Redacted]* option *[Redacted]* to sell a total of up to 40,000 DMT of Concentrates (subject to the aforementioned *[Redacted]* 40,000 DMT limit *[Redacted]* in each Contract Year) in lots of at least 10,000 DMT of Concentrates, per exercise. The *[Redacted]* Option may only be exercised by the Seller delivering written notice to the Buyer, specifying the number of DMT of Concentrates *[Redacted]* no later than *[Redacted]* proposes to ship the Concentrates *[Redacted]*.