Common use of Quarterly Forecast Clause in Contracts

Quarterly Forecast. The Parties specifically acknowledge and agree that all decisions concerning Hub operations and the timing and quantity of Refined Products available for sale shall be made by the North America Seller, in its sole and absolute discretion. Li-Cycle shall keep each of Traxys and Glencore apprised of the progress of development of the Rochester Hub project with a view to providing Traxys and Glencore with information on certain Refined Products that may be available for sale during the Term (i.e., specifically, Lithium Carbonate, Graphite Concentrate and, if applicable, Nickel Sulphate, Cobalt Sulphate, and Manganese Carbonate). From and after the start of commissioning of the Rochester Hub, at least three months prior to the start of each calendar year, and at least [XXX] prior to the start of each calendar quarter, North America Seller shall advise each of Traxys and Glencore of the volume and specifications of such Refined Products expected to be: (a) produced, and (b) available for sale, quarterly, on a rolling 12-month period (or such other basis as may be agreed by the Parties).

Appears in 2 contracts

Sources: North America Black Mass & Refined Products Allocation Agreement (Li-Cycle Holdings Corp.), North America Black Mass & Refined Products Allocation Agreement (Li-Cycle Holdings Corp.)