Estimated Annual Volume definition
Examples of Estimated Annual Volume in a sentence
The significant run quantity will be based on the Estimated Annual Volume.
No later than October 2 of each Calendar Year during the Term, the JAC shall determine the price to be paid by Sanofi to MannKind for each unit (i.e., each cartridge) of Product supplied by MannKind to Sanofi during the subsequent Calendar Year (the “Paid Price”), which price shall equal the lower of the Estimated COGS per unit for that year and the COGS Cap per unit, in each case, at the Estimated Annual Volume.
SCHEDULE B For purposes of determining Paid Price, the COGS Cap for a specified dosage strength shall be the sum of (i) the cost of Insulin, which is determined by multiplying the weighted average price of Insulin in US Dollars per gram (as specified in Section 4.1(b)(i)) for the applicable Calendar Year by the yield and potency factor set forth in Table B-1; and (ii) the corresponding amount set forth in Table B-2 contained in the volume band corresponding to the Estimated Annual Volume.
Unless otherwise set forth in the Sales Agreement, pricing is based on and contingent upon full truckload shipments that are within plus or minus 25% of Customer’s Estimated Annual Volume.
Supplier will use commercially reasonable efforts to deliver Product within five (5) business days of receipt of Customer’s Sales Agreement or Purchase Order, provided the order is consistent with the Estimated Annual Volume.