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~ having sufficient available coal reserves to satisfy PUR- <br />• CFIASER's recuirements under this Agreement for such extended <br />terms. The first and subsequent options shall be exercised <br />by PURCHASER by giving SELLER one year's written notice <br />prior to expiration of the then current term. Upon receiat <br />by SELLER of such written notice, PURCi?~SER and SELLER shall <br />proceed in good faith within 90 days to negotiate mutually <br />agreeable revisions to the Base Price, as aforesaid, for the <br />first or subsequent extended terms. If such mutually agree- <br />able revisions are negotiated for the first, or for subsecuent <br />terms, then, in each such case, SELLER shall promptly proceed <br />to reserve and hold for the benefit of PURCHASER sufficient <br />• tonnage to fulfill its commitment and the term of this <br />Agreement shall be extended thereby for five years, and for <br />additional five year periods, as the case may be. If the <br />parties cannot mutually agree on such revisions to the Base <br />Price for any extended term, this Agreement shall terminate <br />at the expiration of the then current term and neither party <br />shall have any further richts hereunder. <br /> <br />