Transfill definition
Examples of Transfill in a sentence
Buyer may, by written notice to Seller given concurrently with the Annual Forecast elect to purchase in the immediately following Contract Year, in addition to the Minimum Transfill Volume and Buyer's Minimum Requirement provided for in Section 1.1, up to an additional fifteen percent (15%) of its entire purchase requirements (the "Additional Product"), net of Seller's Minimum Transfill Volume, for Products (each a "Product Increase Notice").
If Seller, under the circumstances described in this Article 14, is unable to supply any or all of Buyer's requirements for Product, Buyer may purchase such requirements during the period of Seller's inability from other qualified vendors and such purchases shall be deemed to have been made from Seller for purposes of determining whether Buyer has purchased its Buyer's Minimum Requirement and Minimum Transfill Volumes.
If Buyer desires to purchase Product applicable to its Minimum Transfill Volume that has a purity standard higher than that set forth in the Specifications (a "UPC/Mega Class Product"), Buyer must source, and Seller shall provide, such UPC/Mega Class Product from an identified location set forth in Attachment 3F and the Price for such UPC/Mega Class Product will be determined as set forth in Attachments 3A, 3B and 3C, as appropriate, from such identified location.
Buyer shall meet with Seller to negotiate in good faith the supply of up to an additional fifteen percent (15%) of Buyer's entire purchase requirements, net of Seller's Minimum Transfill Volume, for Products at such prices and supply term as the parties agree upon.
Such Product shall be deemed to have been purchased from Seller for purposes of determining whether Buyer has purchased its Buyer's Minimum Requirement and Minimum Transfill Volume.