Common use of Scheduled Shutdowns Clause in Contracts

Scheduled Shutdowns. Buyer and Seller will use reasonable endeavors to coordinate scheduled shut downs with each other and shall give the other Party twelve (12) months advance notice of any scheduled shutdown which shall affect the ability of a Party to supply or receive product on a short-term basis. However, for the avoidance of doubt the Parties hereby acknowledge that scheduled shutdowns shall not constitute an Excusing Condition and thus shall not reduce the purchase and sale obligations contained herein with respect to Annual Nominations unless otherwise mutually agreed.

Appears in 3 contracts

Sources: Sale and Purchase Agreement (Styron Investment Holdings Ireland), Sale and Purchase Agreement (Styron Canada ULC), Sale and Purchase Agreement (Trinseo S.A.)