Common use of Rounds Clause in Contracts

Rounds. (A) On or before the 10th day of each month during the term hereof, Seller will furnish Buyer with Seller's tentative schedule for producing Rounds for the next succeeding month, based upon the forecasts provided by Buyer pursuant to Section 2.1; (B) after receipt by Buyer of Seller's schedule for producing Rounds, Buyer shall, on or before the fifteenth day of each such month, submit to Seller a forecast, by LPM Mill, of the number of Rounds heats required to melt for Rounds to be delivered in the next succeeding month, said number of Rounds heats as may be adjusted shall become final and binding on both parties as of the last business day of such month; (C) on or before the seventh day prior to the scheduled date for the production of Rounds as set forth in subparagraph (A) above, Buyer will issue to Seller a written order, which shall be conclusive, final and binding on both parties, setting forth the number of heats of each grade specification and number of rounds required by Rounds Billet Number, for each Rounds size. All orders for Rounds that are received after the seventh day prior to the scheduled date for the production of Rounds or, if accepted, would cause the amount of Rounds purchased hereunder to exceed [***] Tons in any given month (X) shall be subject to acceptance or rejection by Seller, (Y) can be rejected by Seller for any reason or no reason, and (Z) shall not be binding on Seller until accepted.