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AG 2018 12 17
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AG 2018 12 17
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Last modified
5/8/2019 8:27:29 PM
Creation date
5/7/2019 5:40:49 PM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/17/2018
Board
Board of Commissioners
Meeting Type
Regular
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7. Scavenging. Supplier will make reasonable efforts to eliminate the scavenging of Recyclables <br />prior to delivery to the Facilities. <br />8. Hauler's Rules. Supplier will cause its loads to be delivered in conformance with the Facility's <br />operating hours and the delivery routines and standards described in the Hauler's Rules attached hereto as <br />Schedule B. <br />9. Tenn. This Agreement begins on the Effective Date and expires June 30, 2019 (the "Term"), <br />unless otherwise terminated in accordance with the terms of this Agreement. The parties may extend this <br />Agreement upon mutual written agreement. <br />10. Rates for Services; Rate Adjustments <br />10.1 Rates for Services. <br />(a) Supplier will pay Company a Rate (on a per ton basis) for the Services, calculated as <br />follows: <br />L Average Market Value (AMV)' — Processing Rate = (Per Ton) Total Processing <br />Charge <br />'If the Facility Commodity Revenue (FCR) is less than the AMV, the FCR, not <br />the AMV, will be used to calculate the Total Processing Charge. <br />ii. If the Total Processing Charge is negative, the Supplier will pay Company an <br />amount per ton equal to the negative Total Processing Charge. For example, if <br />the Total Processing Charge equals ($20.00), Supplier will pay Company $20.00 <br />Parton. <br />iii. If the Total Processing Charge is positive, the Supplier will be entitled to retain <br />seventy-five percent7( 5 % 1 of the Total Processing Charge per ton and will pay <br />the remaining 25% to Company per ton. See Schedule C far sample calculation <br />of the Total Processing Charge. <br />(b) The Processing Rate for the Services with glass is9S 8.25. <br />(c) The Processing Rate for the Services without glass is8$ 6_25. <br />10.2 Payment. All invoices for Recyclables delivered by Supplier to the Facility shall be due <br />and payable on a strict act thirty (30) days from date of invoice basis. Interest shall accrue on all <br />past due invoices at the raze of one-half percent (0.5%) per month from the date due until the date <br />paid, and the party owing such overdue amounts shall pay any and all costs incurred by the other <br />party for collection of unpaid balances, including without limitation costs of investigation and <br />attorneys' tees. <br />10.3 Rate Adjustments. <br />Page 54 <br />
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