Expected Yield and Estimated Output Clause Samples
The "Expected Yield and Estimated Output" clause defines the anticipated quantity or quality of goods, typically agricultural products, that a seller expects to deliver under a contract. This clause usually specifies how the expected yield is calculated, such as based on historical averages or current crop conditions, and may outline procedures for adjusting obligations if actual output differs from estimates. Its core function is to set clear expectations for both parties regarding delivery quantities, thereby reducing uncertainty and potential disputes if actual yields vary from initial projections.
Expected Yield and Estimated Output. (a) On or before the Commencement Date, the Company will provide to ▇▇▇▇ an expected Product yield for the Refinery based on its then current operating forecast for the Refinery (the “Initial Estimated Yield”). From time to time, based on its then current operating forecast for the Refinery, the Company may provide to ▇▇▇▇ a revised expected Product yield for the Refinery (each, a “Revised Estimated Yield” and, together with the Initial Estimated Yield, an “Estimated Yield”).
(b) On the Commencement Date the Company shall, based on the then current Estimated Yield and such other operating factors as it deems relevant, prepare and provide to ▇▇▇▇ an estimate of the Product quantities it expects to deliver to ▇▇▇▇ during such month (each, a “Monthly Product Estimate”).
Expected Yield and Estimated Output. (a) From time to time, based on its then current operating forecast for the Refinery, the Company may provide to ▇▇▇▇ a revised expected Product yield for the Refinery (each, a “Revised Estimated Yield” and, together with the Initial Estimated Yield, an “Estimated Yield”).
(b) On the Commencement Date and thereafter as set forth on Schedule J, the Company shall, based on the then current Estimated Yield and such other operating factors as it deems relevant, prepare and provide to ▇▇▇▇ an estimate of the Product quantities it expects to deliver to ▇▇▇▇ during such month (each, a “Monthly Product Estimate”).
Expected Yield and Estimated Output. (a) On or before the Commencement Date, the Company will provide to ▇▇▇▇ an expected Product yield for the Refinery based on its then current operating forecast for the Refinery (the “Initial Estimated Yield”). From time to time, based on its then current operating forecast for the Refinery, the Company may provide to ▇▇▇▇ a revised expected Product yield for the Refinery (each, a “Revised Estimated Yield” and, together with the Initial Estimated Yield, an “Estimated Yield”).
(b) On the Commencement Date and thereafter at least five (5) Business Days prior to each month, the Company shall, based on the then current Estimated Yield and such other operating factors as it deems relevant, prepare and provide to ▇▇▇▇ an estimate of the Product quantities it expects to deliver to ▇▇▇▇ during such month (each, a “Monthly Product Estimate”).
Expected Yield and Estimated Output. (a) From time to time, based on its then current operating forecast for the Refinery, the Company may provide to Aron a revised expected Product yield for the Refinery (each, a “Revised Estimated Yield” and, together with the Initial Estimated Yield, an “Estimated Yield”).
(b) As set forth on Schedule J, the Company shall, based on the then current Estimated Yield and such other operating factors as it deems relevant, prepare and provide to Aron an estimate of the Product quantities it expects to deliver to Aron during such month (each, a “Monthly Product Estimate”).
Expected Yield and Estimated Output. (a) On or before the Commencement Date, the Company will provide to ▇▇▇▇ an expected Product yield for the Refinery based on its then current operating forecast for the Refinery (the “Initial Estimated Yield”). From time to time, based on its then current operating forecast for the Refinery, the Company may provide to ▇▇▇▇ a revised expected Product yield for the Refinery (each such revised estimate, together with the Initial Estimated Yield, an “Estimated Yield”).