Common use of Assistance Procedure Clause in Contracts

Assistance Procedure. CML may ask one or more of the Sellers to assist in better matching the Sale Volume and the Purchase Volume at any Indicative Price. No Seller is obliged to assist CML in this respect. CML may ask one or more of the Buyers to assist in better matching the Sale Volume and the Purchase Volume at that Indicative Price. No Buyer is obliged to assist CML in this respect. However, any Indicative Price at which (i) CML makes this request and (ii) any of the Sellers or any of the Buyers assists CML and (iii) as a result of such assistance being given, the difference between the Sale Volume and the Purchase Volume is 100 ounces or less, will be the Benchmark Price for the CMRB. The Participant agrees that it will be bound by any such Benchmark Price. This process is referred to as the “Assistance Procedure”.

Appears in 2 contracts

Sources: Membership Agreement, Membership Agreement

Assistance Procedure. CML 4CML may ask one or more of the Sellers to assist in better matching the Sale Volume and the Purchase Volume at any Indicative Price. No Seller is obliged to assist CML in this respect. CML may ask one or more of the Buyers to assist in better matching the Sale Volume and the Purchase Volume at that Indicative Price. No Buyer is obliged to assist CML in this respect. However, any Indicative Price at which (i) CML makes this request and (ii) any of the Sellers or any of the Buyers assists CML and (iii) as a result of such assistance being given, the difference between the Sale Volume and the Purchase Volume is 100 ounces or less, will be the Benchmark Price for the CMRB. The Participant agrees that it will be bound by any such Benchmark Price. This process is referred to as the “Assistance Procedure”.

Appears in 1 contract

Sources: Membership Agreement