Interim Invoicing. If Seller or Buyer shall give notice as provided in Section 8.10(a), Seller shall have the right by written notice to Buyer to invoice provisionally at the "Interim Price" (as hereinafter determined) and Buyer shall thereafter pay, on the basis of the Interim Price until (i) Seller and Buyer shall reach agreement with respect to a new pricing basis for the metal concerned or (ii) a referee's decision shall have been made as hereinafter provided, whichever shall first occur. The Interim Price shall be the applicable price(s) applied to the last previous shipment sold hereunder prior to such written notice.
Appears in 2 contracts
Sources: Concentrate Purchase and Sales Agreement (Freeport McMoran Copper & Gold Inc), Concentrate Purchase and Sales Agreement (Freeport McMoran Copper & Gold Inc)