Offtake Contracts definition

Offtake Contracts means any purchase or sale agreements, refining agreements, production payment agreements, operating agreements, participation agreements, security agreements or any other agreements or arrangements to make future deliveries of production attributable to the ICO Project.
View Source
Offtake Contracts means any binding agreement on the sale and purchase of tall oil and other end products produced by the Refinery.
View Source
Offtake Contracts means each sale, distribution, prepayment or offtake agreement for the Products entered into by the Borrower or any Sponsor (and assigned to the Borrower) and the relevant offtaker/purchaser in accordance with the Offtake Plan. ​ ​
View Source

Examples of Offtake Contracts in a sentence

  • The proceeds of the Loans shall be used by the Borrower exclusively to finance costs incurred in the processing, warehousing and exporting of sugar cane and/or Goods used to fulfill its obligations under the Export Contracts and/or the Off-take Contracts.

  • On the Designated Date, the Facility Agent shall instruct the Security Trustee to release the Released Offtake Contracts from the Security created under the assignment of offtake contracts dated 14 September 2010 between MCAG and the Security Trustee.

  • The Borrower agrees (and has agreed with the Importer) that the payments to the Collection Account of amounts received from Eligible Off-takers in respect of Off-take Contracts to which the Importer is a party that are then applied against amounts due in respect of the Loans shall at the time of such application to the Loans constitute payments from the Importer to the Borrower in respect of the relevant Export Contracts pursuant to which such Goods were sold by the Borrower to the Importer.

  • While and so long as the Bonds remain Outstanding, the Company shall maintain Offtake Contracts having terms and conditions which, collectively, shall provide Company revenues sufficient to meet the minimum Senior Parity Coverage Requirement ratio of 125% for any Fiscal Year, commencing with the Fiscal Year ending December 31, 2023.

  • Within thirty (30) days after the end of each month (commencing with the first full month commencing after the Closing Date), updates on the status of the negotiation and execution of any Acceptable Additional Third Party Offtake Contracts.

  • For the avoidance of doubt, nothing in the Credit Documents shall limit the Lender’s nor its Affiliates’ rights under any other agreement with the Obligors or Subject Entities, including the Offtake Contracts.

  • The proceeds of such payments credited to the Collateral Agent’s Account shall be applied against the principal amount of the Loans and interest due thereon as set forth in paragraph (c) below and for these purposes the Borrower has obtained the Importer’s agreement that the Importer undertakes to repay the Loans on behalf of the Borrower pursuant to this mechanism to the extent of the amounts received under Off-take Contracts to which the Importer is a party.

  • The Borrower agrees (and has agreed with the Importer) that the payments to the Collateral Agent’s Account of amounts received from Eligible Off-takers in respect of Off-take Contracts to which the Importer is a party that are then applied against amounts due in respect of the Loans shall at the time of such application to the Loans constitute payments from the Importer to the Borrower in respect of the relevant Export Contracts pursuant to which such Goods were sold by the Borrower to the Importer.

  • For the avoidance of doubt, nothing in this provision shall impair or limit the restrictions on the Borrower and DOE’s consent rights set forth in Section 9.01 including, without limitation, restrictions on amending, modifying, supplementing, further renewing or extending the term of, or consenting to or waiving any right with respect to such Offtake Contract or entering into additional Offtake Contracts, in each case, without DOE’s prior written consent.

  • Collateral means the rights to payment under the Export Contracts, the rights to payment under the Off-take Contracts, the Export Receivables, the proceeds thereof and all of the other collateral described more fully in the Assignment and Security Agreement.


More Definitions of Offtake Contracts

Offtake Contracts means (1) the CFR Iwakuni Biomass Fuel Supply Agreement, dated as of August 2, 2019, by and between Enviva Holdings and Sumitomo Corporation (“Kaita Offtake Contract”); (2) the CIF Biomass Fuel Supply Agreement, dated as of August 5, 2019, by and between Enviva Holdings and Suzukawa Energy Center Ltd. (“Suzukawa Offtake Contract”); (3) the CIF Biomass Fuel Supply Agreement, dated as of July 31, 2019, by and between Enviva Holdings and Mitsubishi Corporation (as amended by that certain First Amendment dated September 30, 2019) (“Taketoyo Offtake Contract”); (4) the CFR Onahama Biomass Fuel Supply Agreement, dated as of January 30, 2019, by and between Enviva Holdings and Sumitomo Corporation (“Iwaki Offtake Contract”); and (5) the CFR Biomass Fuel Supply Agreement, dated as of February 1, 2020, by and between Enviva Holdings and Sumitomo Forestry Co., Ltd. (“Ishinomaki Offtake Contract”).
View Source
Offtake Contracts means (1) the CFR Iwakuni Biomass Fuel Supply Agreement, dated as of August 2, 2019, by and between Enviva Holdings and Sumitomo Corporation (“Kaita Offtake Contract”); (2) the CIF Biomass Fuel Supply Agreement, dated as of August 5, 2019, by and between Enviva Holdings and Suzukawa Energy Center Ltd. (“Suzukawa Offtake Contract”); (3) the CIF Biomass Fuel Supply Agreement, dated as of July 31, 2019, by and between Enviva Holdings and Mitsubishi Corporation (as amended by that certain First Amendment dated September 30, 2019) (“Taketoyo Offtake Contract”); (4) the CFR Onahama Biomass Fuel Supply Agreement, dated as of January 30, 2019, by and between Enviva Holdings and Sumitomo Corporation (“Iwaki Offtake Contract”); and
View Source
Offtake Contracts means, collectively, the Perkoa Rosh Pinah Offtake and the Santander Offtake.
View Source
Offtake Contracts means [each][the] contract entered or to be entered into between the Borrower and [an][the] Offtaker for the offtake by [such][the] Offtaker of the Project Output56[, and "Offtake Contract" means any of them].
View Source

Related to Offtake Contracts

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Project Contracts mean a contract or contracts with respect to the acquisition and/or construction of the Improvements entered into by the Company or the Issuer.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

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

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;