P2S5 definition

P2S5 means Phosphorous Pentasulfide.
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P2S5 means Phosphorous Pentasulfide. 1.15 "P2S5 Assets" shall mean the tangible assets, including building, machinery and equipment owned by Solutia and used exclusively in the manufacture of Product at the P2S5 Unit pursuant to the terms of this Agreement. 1.16 "P2S5 Unit" shall mean the physical plant located at the Manufacturing Site that produces and packages the Product and the ancillary areas necessary or appropriate for the production, packaging, shipping and loading of the Product and unloading and storage of Raw Materials and Packaging Supplies. 1.17 "Product" shall mean P2S5 meeting the specifications set forth in Schedule 1.17, as may be amended from time to time as provided herein (the ------------- "Specifications"). 3 <PAGE> <PAGE> 1.18 "Production Capacity" shall mean, respectively, the Annual, Quarterly, Monthly, Weekly and daily production capacity of the P2S5 Unit to produce Product as set forth on Schedule 1.18 attached hereto. ------------- 1.19 "Purchase Order" shall mean a purchase order for Product submitted to Manufacturer by Purchaser and shall include the quantity of Product to be ordered and the time of delivery. 1.20 "Raw Materials" shall mean sulfur and phosphorous meeting the specifications set forth in Schedule 1.20 hereto ("RM Specifications"). 1.21 "Residual Allocated Costs" shall mean, collectively, Utilities, Taxes, New Fixed Investment and Fixed Costs (as adjusted pursuant to Schedule 4.01) ------------- as are applicable to the Manufacturing Site during the period provided in Section 3.03 hereof. 1.22 "Subsidiary" shall mean any company or other form of legal entity in which either party owns, directly or indirectly, sufficient interest in such company or entity so as to be able to exercise control, or a company or entity in which either party owns or controls at least fifty percent (50%) of the maximum equity, voting or management interest permitted by the laws of the country in which such company or entity is organized or exists. 1.23 "Taxes" shall have the meaning set forth in Schedule 4.01 hereto. ------------- 1.24 "Technology" shall have the meaning set forth in Article 11 hereof. 1.25 "Term" shall have the meaning set forth in Section 3.01 hereof. 1.26 "Tolling Fee" shall have the meaning set forth in Article 4 hereof. 1.27 "Utilities" shall have the meaning set forth in Schedule 4.01 hereto. ------------- ARTICLE 2 -
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Examples of P2S5 in a sentence

  • Title to, risk of loss for or damage and incidents of ownership shall pass to Purchaser at the time Product is loaded into totes or railcars at the P2S5 Unit.

  • As used in this paragraph "Off-Spec Inventory" shall mean any and all inventory of P2S5 existing at the Effective Date, that either (i) was not accepted by such facilities' customers upon delivery, or (ii) was withheld from shipment due to the failure of such P2S5 inventory to meet then-applicable specifications for finished product.

  • If such Off-Spec Inventory is successfully reworked into a product saleable to the Joint Venture's customers, the Joint Venture shall purchase such reworked Off-Spec Inventory from the Retaining Party by paying to the Retaining Party an amount equal to the Krummrich Facility's standard whole cost of P2S5, less the Joint Venture's costs and out-of-pocket expenses related to the reworking of such material, including any related freight costs paid or incurred by the Joint Venture.

  • During the Term hereof Manufacturer hereby agrees to manufacture, fabricate , package and supply Product exclusively for Purchaser in quantities and at the times specified in the weekly Purchase Orders submitted pursuant to Article 8 hereof and to package and load the Product FOB the P2S5 Unit for delivery to Purchaser in accordance with Article 5.

  • The Joint Venture shall also use commercially reasonable efforts to find alternative uses for Off-Spec Inventory that cannot be reworked or resold as P2S5 as provided above, including without limitation, converting such material into salable Phosphorus Chemicals.

  • After the Effective Date, the Parties hereto agree to cause the Joint Venture to use its commercially reasonable efforts to assist the Retaining Party to dispose of any Off-Spec Inventory by reworking such Off-Spec Inventory at the Joint Venture's Krummrich P2S5 facility.

  • Purchaser's Exit Obligations shall not include any obligation to investigate, remediate or otherwise respond to the presence, release or threat of release of hazardous substances or hazardous waste except to the extent and only the extent of hazardous substances or waste generated or released and the proper disposal thereof as a result of Purchaser's decontamination and relocation of the P2S5 Assets and Demolition to Grade.