RESALE AND ASSIGNMENT. Phosphate rock shall be used in the Buyer’s own plants. It may not be resold as such without the Seller’s written consent. Should the Buyer lose, through transfer of ownership or merger or for any other reason, the property of his plants as they stand at the time of signature of the sale contract, the quantities of product remaining to be delivered shall be assigned, with the Seller’s consent, to the new owners or successors, whether universal or not. The Seller shall however reserve the right simply to cancel the delivery of such quantities and the cancellation in such case shall give rise to no indemnity.
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Sources: Purchase Agreement (Phosphate Holdings, Inc.), Agreement (Innophos, Inc.), Agreement Between Ocp and Ti (Innophos Investment Holdings, Inc.)
RESALE AND ASSIGNMENT. Phosphate rock shall be used in the Buyer’s 's own plants. It may not be resold as such without the Seller’s 's written consent. Should the Buyer lose, through transfer of ownership or merger or for any other reason, the property of his plants as they stand at the time of signature of the sale contract, the quantities of product remaining to be delivered shall be assigned, with the Seller’s 's consent, to the new owners or successors, whether universal or not. The Seller shall however reserve the right simply to cancel the delivery of such quantities and the cancellation in such case shall give rise to no indemnity.
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