Agreement between a buyer and seller in which the buyer will still pay some...
contract that obligates the purchaser to take any product that is offered to it (and pay the cash purchase price) or pay a specified amount if it refuses to take the product.
A contractual term whereby the buyer is unconditionally obligated to take any product or service that he is offered (and pay the corresponding purchase price), or to pay a specified amount if he refuses to take the product or service. Français: Contrat du type : "Prend-ou-paye" Español: Contrato firme de compra, contrato sin derecho de rescisión
An agreement that obligates the purchaser to take any product that is offered (and pay the cash purchase price) or pay a specified amount if the product is not taken.
an agreement between a buyer and a supplier
Take-or-pay arrangements require the offtaker (client) to pay for the good or service regardless of whether it is needed. Payments under take-or-pay contracts may be set to cover all fixed costs of the project (fixed operation and maintenance costs, debt service, after-tax equity return) or may cover only part of the project's available capacity or outputs.