Processed Tobacco definition
Examples of Processed Tobacco in a sentence
Lancaster, at its initial expense, shall be obligated to load the Processed Tobacco upon the carrier's means of transportation.
Notwithstanding the foregoing sentence, if Lancaster should ever waive such payment requirement and elect in its sole discretion to deliver Processed Tobacco to or for the benefit of the Company prior to receiving full payment of Lancaster's invoice for such Processed Tobacco (including outstanding invoices for purchased Tobacco and for Accumulated Carrying Charges), the Company shall make payment immediately upon and in accordance with Lancaster's demand for payment.
The Processed Tobacco will be free and clear of liens and encumbrances created by Lancaster.
The Company acknowledges that as a condition of shipping Processed Tobacco to the Company, the Company shall not be delinquent in the payment of any invoiced Tobacco or billed Accumulated Carrying Charges or other charges.
Nothing contained in this Section 10.01 shall constitute an extension of time for payment with respect to any purchased Tobacco or Processed Tobacco delivered to or for the Company or its Affiliates.
Prior to loading, the Processed Tobacco shall be packed by Lancaster in appropriate containers as provided by the Company and in accordance with the Company's instructions.
Upon completion of the production process, and upon payment in accordance with this Agreement, Lancaster shall deliver Processed Tobacco F.O.B. at Lancaster's factory door to any carrier selected by the Company for transportation to the destinations designated by the Company, in the amounts and upon the dates specified by the Company.
The Company shall, prior to the date any Processed Tobacco requested by the Company is delivered to the Company's carrier, pay in full Lancaster's invoice for such Processed Tobacco, in accordance with the provisions of Sections 3.04 through 3.07, inclusive, Section 2.04 and, to the extent applicable, Section 3.01.
Further, to the extent that any newly acquired Company Affiliate is bound by contractual obligations existing at the time of acquisition by the Company that cannot be terminated with the reasonable best efforts of the Company or the Company Affiliate and which require such Company Affiliate's Tobacco be processed by another Person, such contractual requirements may be honored as to the Company Affiliate's Processed Tobacco, but not extended or renewed.