Quantity; Delivery Quantity Annual Estimate Clause Samples

Quantity; Delivery Quantity Annual Estimate. Committed Quantity. a. The quantity of HALEU Product Material that Contractor shall sell, and TerraPower shall purchase, during the Term is one hundred fifty (150) MTU, estimated at fifteen (15) MTU per year. The total quantity shall be delivered to TerraPower during the period beginning on or after January 1, 2028 and ending not later than December 31, 2037, subject to TerraPower’s notice of its actual purchases pursuant to Section 2.5.c. b. Beginning on January 15, 2026, and annually on each January 15 thereafter during the Term, TerraPower shall provide to Contractor its Delivery Quantity Annual Estimate. c. Not later than one hundred twenty (120) days) prior to the date that TerraPower requires delivery of HALEU Product Material, TerraPower shall provide written notice of the actual quantity of HALEU Product Material that it is purchasing on the Delivery Date. Such notice shall be provided pursuant to TerraPower’s transmittal of an Order, Contractor’s completed Order, and TerraPower’s PO (the “Committed Quantity”), which, upon Contractor’s completed Order, and TerraPower’s issuance of a PO, shall become the Delivery Quantity for that year. d. TerraPower shall have the right to assign its purchase obligations to its Natrium Demonstration Reactor (also known as ▇▇▇▇▇▇▇▇ Power Station Unit 1) owner and operator, and to its Natrium commercial reactor customers, and to resell excess Product Material.
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Related to Quantity; Delivery Quantity Annual Estimate

  • NOW, THEREFORE the parties hereto agree as follows:

  • Definitions For purposes of this Agreement:

  • Counterparts This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.