Common use of Quantity and Delivery Clause in Contracts

Quantity and Delivery. Beginning on February, 2001, SMC will sell and deliver Metal FOB Delivery Point, to be credited to GM's pool account, and GM will purchase the quantities of Metal set forth in this Section 3, which shall be released to the Delivery Point on the last Business Day of the Pricing Month. All Metal to be sold in any one calendar month shall be delivered to a single Delivery Point unless GM has notified SMC by the 20th Business Day of the Pricing Month that GM has elected to have the monthly shipment split and delivered to more than one Delivery Point; provided that SMC shall not be obligated to split a shipment unless at least 5,000 Ounces of Palladium and/or Platinum are to be shipped to each Delivery Point." (iii) Section 3 of the Agreement shall be amended by deleting subsection (c) thereof in its entirety and by substituting the following therefor:

Quantity and Delivery. Beginning on FebruaryJanuary 12, 20011999, SMC --------------------- will sell and deliver Metal FOB Delivery Point, to be credited to GM's pool account, and GM will purchase the quantities of Metal set forth in this Section 3, which shall be released to delivered no later than the Delivery Point on 12th day of the last Business Day of month following the Pricing Month. All Metal to be sold in any one calendar month shall be delivered to a single Delivery Point unless GM has notified SMC by the 20th Business Day of the Pricing Month that GM has elected to have the monthly shipment split and delivered to more than one Delivery Point; provided that provided, that, SMC shall not be obligated to split a shipment unless at least 5,000 [***] Ounces of Palladium and/or Platinum are to be shipped to each Delivery Point." (iii) Section 3 of the Agreement shall be amended by deleting subsection (c) thereof in its entirety and by substituting the following therefor: