take-or-pay
adjective[before noun]
ukusCOMMERCE
used todescribeanagreementtobuysomething,especiallygasandoil, in which thebuyermustpayachargeevenif theylaterdecidethey do notwantit:
Thecompanyislockedinto 'take-or-pay'dealswithNorthSeaproducers.
They have renegotiated a lot of thetake-or-paycontracts.