Put or pay contract definition
Put or pay contract means a contract entered into by the consolidated city with any person whereby the city guarantees the provision of a specified amount of waste to the person and the city is obligated to pay the person a specified amount for waste that is not so provided.
Put or pay contract is and shall mean 1) the "Solid Waste Service Agreement," dated as of October 29, 1993, by and between the City of Miami, Florida, and Bedminster Seacor Services Miami Corporation ("Solid Waste Service Agreement"), a copy of which is set forth in Appendix II-Item 4, and which is hereby incorporated by reference, 2) "Amendment One to the Solid Waste Service Agreement," dated October 20, 1994, by and between the City of Miami, Florida, and Bedminster Seacor Services Miami Corporation ("First Amendment"), a copy of which is set forth in Appendix II-Item 5, and which is hereby incorporated by reference, 3) the "Restated Compost Recycling Agreement," dated as of November 30, 1995, by and between the City of Miami, Florida, and Bedminster Seacor Services Miami Corporation ("Restated Compost Recycling Agreement"), a copy of which is set forth in Appendix II-Item 6, and which is hereby incorporated by reference, and, 4) the "Amendment to the Restated Compost Recycling Agreement," dated and executed as of April 17, 1998, by and between the City of Miami, Florida, and Bedminster Seacor Services Miami Corporation ("Second Amendment"), a copy of which is set forth in Appendix II-Item 7, and which is hereby incorporated by reference.