Monthly Estimates and Minimum Supply Sample Clauses

Monthly Estimates and Minimum Supply. At least 30 days before the beginning of each calendar month during the Term (but not before the Effective Date), Producer will deliver to A-B a written estimate of its anticipated Corn requirements at the Facility for such calendar month (a "Monthly Estimate"). A-B shall maintain at all times a minimum supply of Corn in Storage for the Facility of three days usage based on the Monthly Estimate, which is estimated to be approximately * bushels, or * bushels per day, unless the general manager of the Facility, or his designee (or such other individual identified in writing by Producer) approves in advance different minimum supply requirements (with such requirements collectively, the "Minimum Supply"). Producer will immediately notify A-B if the Minimum Supply has not been met by A-B. Producer will make storage room available for no less than * bushels of Corn in order for A-B to fulfill the Minimum Supply requirement. A-B and Producer will renegotiate the preceding sentences of this Section in the event of any material changes to the three days usage estimate set forth above. Producer will immediately notify A-B of any revisions to a Monthly Estimate and A-B will utilize commercially reasonable efforts consistent with industry standards to adjust its planned Corn deliveries accordingly. In addition, Producer will give A-B reasonable advance notice of any circumstances that would reasonably be expected to materially affect Corn requirements at the Facility. Producer's sole and exclusive remedy for A-B's failure to maintain the Minimum Supply in accordance with this Section 2.3(b) shall be the rights set forth in Sections 4.2(b) and 13.2. *OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT WHICH HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Sample 1
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Monthly Estimates and Minimum Supply. At least 30 days before the beginning of each calendar quarter during the Term (but not before the Effective Date), Producer will deliver to A-B a written estimate of its anticipated Corn requirements at the Facility for such calendar quarter. At least 30 days before the beginning of each calendar month during the Term (but not before the Effective Date), Producer will deliver to A-B a written estimate of its anticipated Corn requirements at the Facility for such calendar month (a "Monthly Estimate"). A-B shall maintain at all times a minimum supply of Corn in storage for the Facility of three days usage based on the Monthly Estimate, which is estimated to be approximately 330,000 bushels, or 110,000 bushels per day, unless the general manager of the Facility, or his designee (or such other individual identified in writing by Producer) approves in advance lower minimum supply requirements (with such requirements collectively, the "Minimum Supply"). Producer will immediately notify A-B if the Minimum Supply has not been met by A-B. Producer's sole and exclusive remedy for A-B's failure to maintain the Minimum Supply in accordance with this Section 2.2(a) shall be the rights set forth in Sections 4.2(b) and 13.2. Producer will make storage room available pursuant to Section 2.2(g) in order for A-B to fulfill the Minimum Supply requirement. A-B and Producer will renegotiate the preceding sentences of this Section in the event of any material changes to the three days usage estimate set forth above. In addition, Producer will give A-B reasonable advance notice of any circumstances that would reasonably be expected to materially affect Corn requirements at the Facility. A-B will have no obligation to supply Producer with a quantity of Corn for a month: (a) in material excess of the quantity stated in the applicable Monthly Estimate, and (b) which exceeds 110% of the average monthly quantity of Corn actually used by Producer during the three month period preceding such month.
Sample 1

Related to Monthly Estimates and Minimum Supply

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Rolling Forecasts The parties shall cooperate in good faith to develop rolling twelve (12) month (by Product and pack type), non-binding order forecasts of Buyer’s needs for the Products. The parties shall use commercially reasonable efforts to provide such forecasts at least ten (10) business days prior to the start of the applicable month.

  • Contract Sales Price The total consideration provided for in the sales contract for the sale of a Property.

  • Rolling Forecast (i) On or before the fifteenth (15th) calendar day of each month during the Term (as defined in Section 6.1 herein), Buyer shall provide Seller with an updated eighteen (18) month forecast of the Products to be manufactured and supplied (each a “Forecast”) for the eighteen (18) month period beginning on the first day of the following calendar month. The first two months of each Forecast will restate the balance of the Firm Order period of the prior Forecast, and the first three (3) months of the Forecast shall constitute the new Firm Order period for which Buyer is obligated to purchase and take delivery of the forecasted Product, and the supply required for the last month of such new Firm Order period shall not be more than one (1) full Standard Manufacturing Batch from the quantity specified for such month in the previous Forecast (or Initial Forecast, as the case may be). Except as provided in Section 2.2(a), Purchase Orders setting forth Buyer’s monthly Product requirements will be issued for the last month of each Firm Order period no later than the fifteenth calendar day of the first month of each Firm Order period, and such Purchase Order will be in agreement with the Firm Order period of the Forecast. If a Purchase Order for any month is not submitted by such deadline, Buyer shall be deemed to have submitted a Purchase Order for such month for the amount of Product set forth in Buyer’s Forecast for such month.

  • Monthly Fee Programmer will pay Licensee for the broadcast of the programs hereunder a fee each month as described in more detail in Appendix A to this Agreement (the "Monthly Fee"). The Monthly Fee will be payable on the first day of each calendar month during the Term, to Clearly Superior Radio, L.L.C., 0000 Xxxxx Xxxxx Xxxxxx, Xxx Xxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx 00000, or to such other address as Licensee may designate in writing. The failure of Licensee to demand or insist upon prompt payment of the Monthly Fee will not constitute a waiver of its right to do so.

  • Calendar Year The term “

  • Minimum Stated Amount The Stated Amount of each Letter of Credit shall not be less than $50,000 or such lesser amount as is acceptable to the respective Issuing Lender.

  • Development Expenses Bionics will reimburse the Company for all reasonable expenses directly associated with the development of the Lead for Bionics (including, without limitation, costs associated with animal studies and human trials), when the Company submits a request to Bionics for approval prior to incurring such expenses and such expenses are incurred with Bionics’ written approval, provided receipts for such expenses are submitted to Bionics within 30 days after such expenses are incurred. Upon receiving a request for expense authorization from the Company, Bionics will indicate to the Company whether the requested expense is authorized within 15 days for expenses up to $1,000 and within 30 days for expenses over $1,000. Bionics will reimburse the Company within 30 days of receiving reasonably detailed invoices describing the Company’s authorized expenses under this Agreement. The Company will provide those invoices to Bionics within 15 days after the end of each month in which the Company incurs any authorized expense.

  • Forecast Customer shall provide Flextronics, on a monthly basis, a rolling twelve (12) month forecast indicating Customer’s monthly Product requirements. The first ninety (90) days of the forecast shall be in weekly time buckets and will constitute Customer’s written purchase order for all Work to be completed within the first ninety (90) day period. Such purchase orders will be issued in accordance with Section 3.2 below.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

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