Base Volume definition
Base Volume means, with respect to each subsequent Closing, aggregate dollar trading volume of at least $10 million has traded on NYSE American during regular trading hours, from the Trading Day after the immediately prior Closing until the Trading Day immediately before the relevant Closing, but expressly excluding all volume traded on any Excluded Days.
Base Volume means the number of actual cases of Products sold by MEC or any of its Affiliates to all prior distributors in the applicable territory during the twelve (12) month period ending the last day of the month immediately preceding the effective dates of each applicable KO Distribution Agreement, which amount shall be agreed to by the Parties and shall be attached to this Agreement as Exhibit E, and which shall be amended from time to time as appropriate in order to reflect any additional territories that may subsequently be added to this Agreement.
Base Volume means the number of actual cases of Products sold by MEC or any of its Affiliates to all prior distributors in the applicable territory during the twelve (12) month period ending the last day of the month immediately preceding the effective dates of each applicable KO Distribution Agreement, which amount shall be agreed to by the Parties and shall be attached to this Agreement as Exhibit E, and which shall be increased from time to time as appropriate in order to reflect (i) the number of actual cases of Products sold by MEC or any of its Affiliates to Third Party Distributors, in any additional territories that may be added to this Agreement subsequent to the Effective Date, during the twelve (12) month period ending the last day of the month immediately preceding the effective dates of each applicable New Distribution Agreement, and (ii) the number of actual cases of Products sold by MEC or any of its Affiliates to customers or to accounts serviced by MEC or any of its Affiliates directly that begin to be sold by a KO/MEC Distributor to such customers or accounts serviced by a KO/MEC Distributor directly, during the twelve (12) month period ending the last day of the month immediately preceding the date on which such customers or accounts begin to be sold to or serviced by a KO/MEC Distributor directly, which amounts described in subclause (i) and (ii) shall be agreed to by the Parties from time to time.
Examples of Base Volume in a sentence
For example, if The Lion delivered 700,000 cases of Product in the Base Volume Year and 806,000 cases during the year ended May 31, 2009, the increase over the previous year exceeds 15%, and there will be no Labor Surcharge for Products produced during the year beginning June 1, 2009.
The Applicable Base Payment shall be reduced by subtracting from it the amount equal to such Applicable Base Payment multiplied both by 0.98 and by the result of (i) 1(one) minus (ii) the ratio of the Actual Volume to the Base Volume.
Notwithstanding any other provisions of this Agreement, EASTMAN shall purchase and RAYONIER shall sell the Base Volume.
For avoidance of doubt, Sunoco may lift up to [REDACTED]% less than the Annual Base Volume (“Minimum Base, Volume”) or [REDACTED]% more than the Annual Base Volume (“Maximum Base Volume”) and PBF shall deliver such volume.
In the event that Sunoco purchases less than the Minimum Base Volume or more than the Maximum Base Volume during any Contract Year, the Annual Base Volume shall be adjusted as mutually agreed upon by the Parties for the subsequent Contract Year.
More Definitions of Base Volume
Base Volume means 40,000 barrels multiplied by the number of days in the six-month period; provided, however, that for the initial six-month period “Base Volume” shall be based on the number of days from the date volumes are first tendered for delivery through the end of the initial six-month period.
Base Volume means *** pounds of Product.
Base Volume means, with respect to each Closing after the Initial Closing, for each $1 million in Purchase amount, an aggregate dollar trading volume of at least $10 million has traded on NYSE American during regular trading hours, from the Trading Day after the immediately prior Closing until the Trading Day immediately before the relevant Closing, but expressly excluding all volume traded on any Excluded Days.
Base Volume means *** of Products sold by ▇▇▇ or any of its Affiliates to all prior distributors in the applicable territory/ies, on a Region-by-Region basis, *** of each applicable KO Distribution Agreement, which amount shall be agreed to by the Parties and shall be attached to this Agreement as Exhibit D-2, and which shall be amended from time to time as appropriate in order to reflect any additional territories in such Region that may subsequently be added to this Agreement. ***
Base Volume means, in respect of the calculation of the reduction of the Management Fee as contemplated in clause 10 below as well as the reduction of Service Provider’s staff complement as contemplated in clause 4.6.1 below, a maximum of (TO BE ADDED) transactions in a Review Period;
Base Volume is the Total Account Volume on the last day of EDS' monthly processing cycle the month following the calendar month during which the Operational Date occurs.
Base Volume means the number of actual cases of Products sold by ▇▇▇ or any of its Affiliates to all prior distributors in the applicable territory/ies, on a Region-by-Region basis, during the twelve (12) month period ending the last day of the month immediately preceding the effective dates of each applicable KO Distribution Agreement, which amount shall be agreed to by the Parties and shall be attached to this Agreement as Exhibit D-2, and which shall be increased from time to time as appropriate in order to reflect reflect (i) the number of actual cases of Products sold by ▇▇▇ or any of its Affiliates to Third Party Distributors, in any additional territory/ies, on a Region-by-Region basis, that may be added to this Agreement subsequent to the Effective Date, during the twelve (12) month period ending the last day of the month immediately preceding the effective dates of each applicable New Distribution Agreement, and (ii) the number of actual cases of Products sold by ▇▇▇ or any of its Affiliates to customers or to accounts serviced by ▇▇▇ or any of its Affiliates directly, that *** Indicates portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. begin to be sold by a KO/▇▇▇ Distributor to such customers or accounts serviced by a KO/▇▇▇ Distributor directly, during the twelve (12) month period ending the last day of the month immediately preceding the date on which such customers or accounts begin to be sold to or serviced by a KO/▇▇▇ Distributor directly, which amounts described in subclause (i) and (ii) shall be agreed to by the Parties from time to time.