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Contract # 4248 <br /> UBC PURCHASE AGREEMENT <br /> THIS AGREEMENT is made this 1st day of May, 1989, by and between <br /> CITY OF BATESVILLE ( "Seller" ) , and CONTAINER RECOVERY CORPORATION <br /> ( "CRC" ) , an Ohio corporation. <br /> WITNESSETH: <br /> WHEREAS, CRC desires to purchase used aluminum beverage <br /> containers ( "UBC" ) from Seller; and <br /> WHEREAS, Seller desires to sell UBC to CRC; <br /> NOW, THEREFORE, the parties agree as follows: <br /> 1. Term <br /> This Agreement shall be for a term of three (3) years <br /> starting May 1, 1989 and, unless sooner terminated as herein provided, <br /> ending on April 30, 1992 . <br /> 2. Purchase and Sale: <br /> ( a) CRC will purchase from Seller, and Seller will sell to <br /> CRC, one hundred Percent ( 100%) of the UBC acquired by seller during <br /> (W the term of this Agreement. <br /> ( b) Seller shall notify CRC upon its accumulation of full <br /> trailer load of UBC. Following an order from CRC, Seller shall <br /> promptly load UBC into a carrier designated by CRC and ship as soon as <br /> practicable in accordance with CRC's shipping instructions. Seller <br /> shall process and ship all UBC in accordance with the processing and <br /> shipping requirements set forth in the attached Schedule A. <br /> 3. Price• <br /> The UBC price shall be an amount equal to the generally <br /> prevailing price paid by primary aluminum companies in the United <br /> States minus CRC's Margin. For purposes hereof, "CRC's Margin" shall <br /> mean nine cents (S. 09) . The weights and grading of the primary <br /> aluminum company to which the UBC is shipped shall govern. Payment <br /> shall be issued ten ( 10) days following date of shipment (F. O. B. <br /> shipping point) . Seller shall promptly send to CRC, the invoice and <br /> the primary aluminum company's weight ticket for such shipment to <br /> initiate payment process. <br />