Minimum Tonnage definition
Examples of Minimum Tonnage in a sentence
Accordingly, if any Council fails to deliver its Minimum Tonnage guarantee of Contract Waste in any year, such Council shall still be liable for its Minimum Payment.
The Partner has only delivered 3,375 tonnes and therefore failed to deliver its Minimum Tonnage.
Table X below sets out each Council's Minimum Tonnage, unless such tonnage figure is adjusted in accordance with paragraph 3.2 of Schedule 11 (JWA2 Payment Mechanism).
The Councils acknowledge and agree that under the terms of the Project Agreement there will be a commitment to make payments for not less than the Minimum Tonnage of Contract Waste to the Contractor per year.
In the first Wisconsin Supply Period Contract Year, the Wisconsin Supply Period Annual Minimum Tonnage shall be adjusted to take into consideration the reduced Wisconsin Supply Period Monthly Minimum Tonnages during the Ramp-Up Period.
Exhibit 7 sets forth an illustration of the Wisconsin Supply Period Monthly Minimum Tonnage and Wisconsin Supply Period Annual Minimum Tonnage amounts for the first Wisconsin Supply Period Contract Year, taking into account the Ramp-Up Period, and for each Wisconsin Supply Period Contract Year thereafter.
Example 1 - Minimum Tonnage shortfall: A Partner's Minimum Tonnage for the Contract Year is 33,375 tonnes.
Customer shall use its good faith commercially reasonable efforts to order in each month of the Wisconsin Supply Period at least [***]% of the Wisconsin Supply Period Monthly Minimum Tonnage.
However, iron ore pellets [*********] shall not count toward ▇▇▇▇▇▇’▇ obligation to purchase the Required Minimum Tonnage.
Except as otherwise set forth in this Section 2.6 Customer shall use its good faith commercially reasonable efforts to order in each calendar month at least *** of the Monthly Minimum Tonnage.