Offtake Amount definition

Offtake Amount means up to [***] metric tonnes per Contract Year of Low Carbon-pX produced at the Plant, the exact amount to be specified in the Buyer Offtake Notice, which amount will be purchased by Buyer for the Price in equal installments per Production Period.
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Offtake Amount means R244,000,000.00 (two hundred and forty-four million Rand) exclusive of VAT thereon;
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Examples of Offtake Amount in a sentence

  • Any decrease in revenue or increase in costs of the Group as a result of selling the Surrendered Offtake Amount shall be borne by the CMN Group.

  • Any decrease in revenue or increase in costs as a result of selling the Surrendered Offtake Amount shall be borne by the CMN Group.

  • The "Bayer Capacity Share" means the Bayer PO Annual Offtake Amount ---- -------------------- divided by the Existing Plant Total PO Capacity in effect during each of the prior two years.

  • However, ▇▇▇▇▇ ▇▇ may nominate less than the Bayer PO Annual Offtake Amount for any year in the Three Year Demand Forecast.

  • For coverage effective through the remaining term of this MOU, the ACFD shall contribute the total semi-monthly premium for a County-offered dental plan at the corresponding level of coverage (i.e., Self, Self + 1 dependent, Family).

  • An Offtake Amount of [***] metric tonnes per Contract Year, or if Seller fails to deliver a Buyer Offtake Notice on or before the Outside Date, then the Maximum Offtake Amount shall automatically be aggregated to the Reserved Capacity under the OM3 Capacity Reservation Agreement at the Price set forth herein.

  • An Offtake Amount greater than [***] metric tonnes per year but less than or equal to [***] metric tonnes per Contract Year, Seller shall have the right, upon written notice to the Buyer delivered within [***] days of the Outside Date, to reject such Offtake Amount, upon which the Maximum Offtake Amount shall automatically be aggregated to the Reserved Capacity under the OM3 Capacity Reservation Agreement at the Price set forth herein.

  • Additionally, a volume equal to the difference between the Offtake Amount and the Maximum Offtake Amount (the “Remainder Volume”) shall automatically be aggregated to the Reserved Capacity under the OM3 Capacity Reservation Agreement at the Price set forth herein.

  • Buyer shall then have the option of transferring part of its Reserved Capacity under the OM3 Capacity Reservation Agreement to the Offtake Amount under this Agreement and the Parties shall mutually agree on the pricing for any such transferred commitment amounts.

  • The "Bayer Capacity Share" means the Bayer PO Annual Offtake Amount divided by the Existing Plant Total PO Capacity in effect during each of the prior two years.

Related to Offtake Amount

  • Offtake Agreement means a life-of-mine offtake obligation committing us to sell to GIAG all Material, and committing GIAG to buy all Material.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Offtaker means the counterparty to an Offtake Agreement;

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Debentures to be contemporaneously redeemed in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Debentures to Holders of Trust Securities in connection with a dissolution or liquidation of the Issuer Trust, Debentures having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Debentures are distributed, and (c) with respect to any distribution of Additional Amounts to Holders of Trust Securities, Debentures having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.