Major Material Contract EOD definition
Major Material Contract EOD means the Borrower or any other applicable Subsidiary fails to perform a covenant or agreement in a Major Material Contract, which failure, after giving effect to the expiration of any applicable grace period or the giving of notice, or both, results in a Material Adverse Effect (it being understood that any termination of a Major Material Contract as a result of any such failure shall be deemed to result in a Material Adverse Effect unless after giving effect to such termination the Loan Parties have contracts and other agreements in full force and effect that (1) provide for the purchase at least 3,000,000 tons of Finished Sand Inventory per year, (2) in the aggregate have a weighted average minegate price per ton not less than $36/ton and (3) in the aggregate have a weighted average length of contract of at least 3 years.