Common use of SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT Clause in Contracts

SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT. Each CREF or Subcontractor’s Portfolio under this Subcontract must meet the Subcontract Annual Minimum Production Requirement as outlined in Attachment B. In a given Production Year, the DCSEU shall use the methodology in Section II.1-2 below to determine the CREF Minimum Production Requirement for each CREF and the methodology in Section IV (Portfolio Calculation) below to determine the Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio under this Subcontract. If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor shall be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year. For each CREF in Subcontractor’s Portfolio, the CREF Minimum Production Requirement for a particular Production Year shall be calculated using the methodology below:

Appears in 2 contracts

Samples: Protective Agreement, Protective Agreement

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SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT. Each CREF or Subcontractor’s Portfolio under this Subcontract must meet the Subcontract Annual Minimum Production Requirement as outlined in Attachment B. In a given Production Year, the DCSEU shall will use the methodology in Section II.1-2 below to determine the CREF Minimum Production Requirement for each CREF and the methodology in Section IV IV. (Portfolio Calculation) below to determine the Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio under this Subcontract. If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor shall will be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year. For each CREF in Subcontractor’s Portfolio, the CREF Minimum Production Requirement for a particular Production Year shall will be calculated using the methodology below:

Appears in 1 contract

Samples: Protective Agreement

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SUBCONTRACT ANNUAL MINIMUM PRODUCTION REQUIREMENT. Each CREF Project or Subcontractor’s Portfolio under this Subcontract must meet the Subcontract Annual Minimum Production Requirement as outlined in Attachment B. In a given Production Year, the DCSEU shall will use the methodology in Section II.1-2 below to determine the CREF Project Minimum Production Requirement for each CREF Project and the methodology in Section IV IV. (Portfolio Calculation) below to determine the Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio under this Subcontract. If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor shall will be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year. For each CREF Project in Subcontractor’s Portfolio, the CREF Project Minimum Production Requirement for a particular Production Year shall will be calculated using the methodology below:

Appears in 1 contract

Samples: Subcontract Agreement

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