GPRI definition
Examples of GPRI in a sentence
The Tall Oil will be delivered to GPRI, FCA (Incoterms 2000) the NewCo Mill, and will be loaded onto Trucks or Railcars by NewCo as directed by GPRI.
GPRI shall be responsible to ensure that the Trucks or Railcars are properly outfitted and equipped to be able to receive the appropriate amount of Tall Oil.
Notwithstanding the foregoing, this Agreement may be terminated at any time by GPRI with at least one (1) year’s prior written notice to NewCo only in the event that GPRI elects to cease completely the sale and utilization of Tall Oil and products utilizing Tall Oil.
If to NewCo: NewCo, LLC Attn: Office of General Counsel ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, Houston, TX 77002 If to GPRI: Georgia-Pacific Resins, Inc.
Title, and all risk of loss, damage or destruction to the Tall Oil shall pass to GPRI as and when the Tall Oil leaves the Leaf River Mill.
Deliveries pursuant to this Agreement shall commence on the Effective Date, the parties acknowledging that Tall Oil has previously been sold by the Leaf River Mill to GPRI pursuant to prior oral agreements.
This Agreement may be altered or amended only by an instrument in writing duly executed by both NewCo and GPRI.
No waiver by either GPRI or NewCo may occur with respect to any breach or default of or with respect to any provision of this Agreement, and no course of dealing shall be deemed to constitute a waiver of any other breach or default of or with respect to the same or any other provision or condition of this Agreement, unless such waiver is expressed in writing signed by the party(ies) to be bound.
Upon expiration or termination of this Agreement, all amounts due from GPRI to NewCo pursuant to this Agreement shall become immediately due and payable.
In the event that the basis for the Index is altered, NewCo and GPRI will price the Tall Oil to most accurately reflect the intent of the parties as of the Effective Date.