Examples of Maximum Annual Volume in a sentence
Maximum Annual Volume (**) **** applications ------------------------------------------------------------------------------------------ ** Measured from the preceding 12 month period as of each annual anniversary of the Effective Date of the Agreement, adjusted for the succeeding twelve (12) month period according to the Volume Upgrades in II below.
MPC hereby appoints MPLXFD as its sole and exclusive agent for the provision of FD Services as of and following the Effective Time for the duration of the Term and on volumes of Sales up to the Maximum Annual Volume, and MPLXFD hereby accepts MPC’s appointment, subject in each case to the terms and conditions of this Agreement.
Supplier will use commercially reasonable efforts to supply Customer with Product in excess of the Supplier Guaranteed Maximum Annual Volume if required by Customer.
MPC will update Schedule 5.1 with any agreed upon prospective adjustments to the Maximum Annual Volume made pursuant to this Section 5.3(c) without formal amendment.
For the avoidance of doubt, any adjustment of the Maximum Annual Volume made pursuant to this Section 5.3(c) will be applied only prospectively from the date the Parties agree to such adjustment, unless otherwise agreed to by the Parties that such adjustment will be effective retroactively to the in service date of the improvements or closing date of the acquisition transaction.