PREFERRED SUPPLIER AGREEMENT Sample Clauses

PREFERRED SUPPLIER AGREEMENT. As consideration for the execution and consummation of this Agreement, Buyer and Seller have agreed to enter into a Supplier Agreement on the terms set forth in the Summary of Terms. Buyer and Seller acknowledge and agree that (a) the Summary of Terms contain the basic business terms that the parties have agreed upon, but that additional terms and conditions may be reasonably required by the respective parties and their counsel, and (b) they will negotiate the other terms of the Supplier Agreement in good faith and use reasonable efforts to have the definitive form of the Supplier Agreement signed by the parties by June 30, 1998. Seller agrees that the purchase price for the Equipment will count towards the Buyer's minimum annual purchase requirement for Year 1 under the Supplier Agreement.

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PREFERRED SUPPLIER AGREEMENT. ConAgra shall execute and deliver and Holdco shall execute and deliver a preferred supplier agreement in the form attached hereto as Exhibit 4.1.1(ii) pursuant to which the Processing Companies (other than Colorado Feed LLC and Better Beef LLC) agree to supply certain products to ConAgra and its Subsidiaries, and ConAgra and its Subsidiaries agree to purchase certain products, at market prices on a delivered basis and terms (the "Preferred Supplier Agreement").

PREFERRED SUPPLIER AGREEMENT. At the Closing, Tesco or its designee and TEP will also enter into a Preferred Supplier Agreement in the form attached hereto as Schedule G (the “Preferred Supplier Agreement”). As consideration for the entry by Tesco or its designee into the Preferred Supplier Agreement with TEP, TEP will pay Tesco or its designee $5,000,000 United States dollars (“the Preferred Supplier Agreement Consideration”). The Preferred Supplier Agreement Consideration shall be payable by wire transfer to an account designated by Tesco or its designee at the Closing, and shall be payable in addition to the Assets Cash Portion.

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