Green Pipe definition
Examples of Green Pipe in a sentence
Purchaser's failure to place orders of Green Pipe in an amount equal to the Annual Minimum Purchase Obligation shall not constitute a default under this Supply Agreement and Seller's only remedy for that failure will be the right to receive the penalties provided for under Section 13 and no more.
The actual raw material cost for each chemistry of Green Pipe will be calculated by taking the average amount of raw material in the particular chemistry of Green Pipe and multiplying that number times the unit cost for the applicable raw material.
On a monthly basis, the Parties will true-up any differential between the Green Pipe Price (based on estimated budgeted costs) and Green Pipe Price (based on actual costs) (as the initial Purchase Price may be based on estimated costs and not actual costs).
Purchaser’s failure to place orders of Green Pipe in an amount of 80,000 metric tons in a calendar year shall not constitute a default under this Supply Agreement and shall not be subject to any penalty hereunder, as Purchaser’s purchase obligations hereunder shall be solely based on individual purchase orders placed by Purchaser in its sole discretion under Section 5 herein.
The Production Notice will specify the metric tons only (and not the types of Green Pipe) that Purchaser is willing to purchase for the production month in question.
The Purchase Price for the Green Pipe will be in EURO’s and shall include European sales tax and all export taxes and duties, if applicable, to Green Pipe.
Upon Purchaser’s request, the Green Pipe shall be delivered to a destination port other than Houston.
Sanitary Sewer Service (Laterals) - Green Pipe 100mm dia., PVC DR 28, granular 'A' bedding and cover as per OPSD 1006.02, selected native material backfill including connection to main sewer, tees, expandable plug and marker post and risers where required.
Seller shall be committed to provide the forecasted Green Pipe needs so long as such amounts are at or below the amounts set forth in paragraph 2.1. Purchaser will use commercially reasonable efforts to provide Seller with an accurate forecast however, both Parties agree that the forecast is to be treated as an estimate only and that Purchaser’s purchase obligations hereunder shall be determined solely based on purchase orders placed by Purchaser hereunder.
For the purposes of this Supply Agreement, Green Pipe shall mean pipe used to manufacture drill pipe.