- offtaker
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USAAs used in project financing, the purchaser of a project's output.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
offtaker
Look at other dictionaries:
take or pay — USA The provision in a contract between a seller and a buyer or, in a project finance transaction between the project company and the offtaker, that creates an unconditional obligation on the part of the buyer or offtaker to pay for a product or… … Law dictionary
take-or-pay — USA The provision in a contract between a seller and a buyer or, in a project finance transaction between the project company and the offtaker, that creates an unconditional obligation on the part of the buyer or offtaker to pay for a product or… … Law dictionary
offtake agreement — USA As used in project financing, an agreement to purchase all or a substantial part of the output or product produced by a project. Related links spot market offtaker Practical Law Dictionary. Glossary of UK, US and international legal ter … Law dictionary
spot market — USA A commodities or securities market in which goods are sold under a purchase order or contract at the price prevailing at the time of the sale and delivered immediately. The purchaser is not obligated to acquire any additional goods or… … Law dictionary
