Offtake Payment definition
Offtake Payment means the receipt by a PSA Entity of payment (in cash or in kind), whether provisional or final, or other consideration from an Offtaker in respect of any Offtaker Delivery or, if no such consideration is applicable, the delivery or Transfer of the relevant Lot (or title to the Lot or the entitlement to or benefit of Minerals in a Lot) to a Related Party Offtaker in an Offtaker Delivery.