offtaker

offtaker
USA
As used in project financing, the purchaser of a project's output.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • 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

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