Accuracy of Forecasts Sample Clauses
The "Accuracy of Forecasts" clause establishes the requirement that any forecasts or projections provided under the agreement must be as accurate and reliable as possible. In practice, this clause typically applies to sales, demand, or delivery forecasts shared between parties, and may require regular updates or corrections if significant discrepancies arise. Its core function is to ensure that both parties can make informed business decisions based on dependable information, thereby reducing the risk of misunderstandings or operational disruptions caused by inaccurate forecasting.
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Accuracy of Forecasts. Company acknowledges that the Seller's Day‑ahead forecasts are based on forecast estimates and not guarantees. Such limitation notwithstanding, Seller shall exercise commercially reasonable efforts to ensure the accuracy of the Day‑ahead forecasts required hereunder for validation purposes and to support Company's forecasts. This includes a detailed description of the methodology used by Seller for forecasting. For example, Seller shall prepare such forecasts and updates by utilizing a solar power forecast or other service that is (i) commercially available or proprietary to Seller, (ii) comparable in accuracy to models or services commonly used in the solar energy industry and that reflect equipment availability, and (iii) is satisfactory to Company in the exercise of its reasonable discretion.
Accuracy of Forecasts. Each financial forecast and projection with respect to any Restricted Credit Party prepared by any Restricted Credit Party and furnished to the Lenders was based upon assumptions believed to be reasonable by the Restricted Credit Parties as of the date of preparation.
Accuracy of Forecasts. Company acknowledges that the Subscriber Organization's Day‑ahead forecasts are based on forecast estimates and not guarantees. Such limitation notwithstanding, Subscriber Organization shall exercise commercially reasonable efforts to ensure the accuracy of the Day‑ahead forecasts required hereunder for validation purposes and to support Company's forecasts. This includes a detailed description of the methodology used by Subscriber Organization for forecasting. For example, Subscriber Organization shall prepare such forecasts and updates by utilizing a solar power forecast or other service that is (i) commercially available or proprietary to Subscriber Organization, (ii) comparable in accuracy to models or services commonly used in the solar energy industry and that reflect equipment availability, and (iii) is satisfactory to Company in the exercise of its reasonable discretion.
Accuracy of Forecasts. Company acknowledges that the Seller's Day--ahead forecasts are based on forecast estimates and not guarantees. Such limitation notwithstanding, Seller shall exercise commercially reasonable efforts to ensure the accuracy of the Day- ahead- forecasts required hereunder for validation purposes and to support Company's forecasts. This includes a detailed description of the methodology used by Seller for forecasting. For example, Seller shall prepare such forecasts and updates by utilizing a renewable resource power forecast or other service that is (i) commercially available or proprietary to Seller, (ii) comparable in accuracy to models or services commonly used in the renewable energy industry and that reflect equipment availability, and
Accuracy of Forecasts. Company acknowledges that the Seller's Day-ahead forecasts are based on forecast estimates and not guarantees. Such limitation notwithstanding, Seller shall exercise commercially reasonable efforts to ensure the accuracy of the Day-ahead forecasts required hereunder for validation purposes and to support Company's forecasts. This includes a detailed description of the methodology used by Seller for forecasting. For example, Seller shall prepare such forecasts and updates by utilizing a wind power forecast or other service that is (i) commercially available or proprietary to Seller, (ii) comparable in accuracy to models or services commonly used in the wind energy industry and that reflect equipment availability, and (iii) is satisfactory to Company in the exercise of its reasonable discretion.