Base Quantity. Subject to the terms and conditions set forth in this Agreement, Seller shall sell and deliver, or cause to be delivered, and Buyer shall purchase and receive, or cause to be received, the following annual base quantity of coal (“Base Quantity”): YEAR BASE QUANTITY (TONS) 2008 600,000 2009 2,200,000 2010 1,800,000 2011 2,100,000 2012 2,100,000 2013 2,100,000 2014 2,100,000 2015 2,100,000 2016 900,000 Buyer shall have the right to nominate up to 75% of the Base Quantity for year 2010 and for each year thereafter to be delivered by rail. Buyer shall make such nomination for each year to Seller in writing by September 1 of the preceding year. For year 2010, all coal will be Quality 1 (as described in Section 6.1 of this Agreement). For years 2011-2016, Buyer will have the option to nominate up to 25% of the coal as Quality 2 (as described in Section 6.1 of this Agreement).
Appears in 3 contracts
Sources: Coal Supply Agreement (Armstrong Coal Company, Inc.), Coal Supply Agreement (Armstrong Energy, Inc.), Coal Supply Agreement (Armstrong Energy, Inc.)