Norit definition
Examples of Norit in a sentence
To the extent that the ECP Defendants or the AC Venture Defendants do not elect to exercise their Control Option at the initiation of a particular Norit Matter, ADA may, but shall not be obligated to, elect to control such Norit Matter, which control shall include full authority to settle such Norit Matter.
On the first business day of a month during which a Royalty Payment is due to Norit, the AC Venture Defendants shall in good faith prepare a final statement of the amount of such Royalty Payment (the “Final Quarterly Royalty Amount”) and shall deliver written notice to ADA setting forth in reasonable detail the basis for the Final Quarterly Royalty Amount and ADA shall pay such amount to Norit pursuant to Section 4 of the Final Award.
Norit will also pay ADA a commission equal to 5% of net sales (FOB Norit factory) for dosing designs or equipment that Norit supplies directly, with ADA consent, to NACFUM.
SWEPCO and SABINE agree that in performing services hereunder SABINE shall be an independent contractor and not the agent, servant or employee of SWEPCO or any of its affiliate companies or of Norit.
Any amounts included in the Royalty Notice on account of the Norit Matters shall be clearly set out in the Royalty Notice as amounts to secure a disputed liability and such amounts shall be added to the Periodic LC (the terms of which are set forth below in section titled “Prepayment of Periodic Royalty Amounts”).
ADA and Norit agree to renegotiate in good faith the commission schedule, up or down, as market conditions, new product introductions or other changes or conditions increase or decrease the NACFUM profit opportunity.
SABINE shall be given a record of all weight determinations made by SWEPCO and Norit.
The weight of the Norit Tons shall be determined on scales furnished and maintained by Norit.
In the Commercial Period (2007-2015), ADA shall exclusively represent Norit for activated carbons or other adsorbents as to NACFUM.
Upon written notice of performance requirements default under Paragraph 5, and a failure to cure by ADA, within ninety (90) days, the exclusivity protection favoring ADA shall be terminated and Norit shall not be limited as to its supply to NACFUM.