Minimum Volumes definition
Examples of Minimum Volumes in a sentence
For each Additional Field granted to scPharma exclusively, the Incremental Disposable Units volume established in Exhibit 2.6(a) will be added to the Minimum Volumes.
Such production forecasts shall always be consistent with Minimum Volumes already set by the Parties.
Cabot and CMC recognize that damages for CMC's failure to purchase Minimum Volumes would be difficult to ascertain and prove.
For each Contract Quarter for which the Total Revenues shall exceed the Minimum Volumes Revenue (such excess being the “Net Excess Revenues”), ALON shall be entitled to a credit solely against any payments owed by ALON for such Net Excess Revenues for such Contract Quarter equal to any Deficiency Payments made in the prior four Contract Quarters and not previously so credited.
Seller shall have the right, at its expense, for purposes of determining the accuracy of volumes against which the Buyer's Minimum Volumes are calculated, to audit Buyer's actual requirement for volumes of Product in a Contract Year.
Orders that are not supplied, not accepted or that are refused by Elevance but that are consistent with and/or meeting acceptable commercial principles and terms, including adhering to the forecast provisions set forth above, product specifications, shipment delivery lead time, pricing targets and expectations, etc; shall be deemed to have been purchased and shall be counted towards Minimum Volumes.
The Parties shall act in good faith such that the Gathering System can be operated in a manner that will not unduly hinder Producer’s ability to so tender such Quarterly Minimum Volumes to Gatherer, which good faith practices shall include prudent maintenance and repair of the Gathering System, compliance with Gatherer’s Maximum Operating Pressure obligations, and avoidance of free liquids being introduced into the Gathering System as set out in Section 3(a)(1) of Exhibit A hereunder.
Cabot and CMC agree that such liquidated damages are the sole and exclusive remedy for CMC's failure to purchase Minimum Volumes.
It is understood that, except for the first Calendar Quarter of each forecast and subject to LMI’s obligation to purchase the Minimum Volumes of Product for each Calendar Quarter as described in Section 2.4(c), this forecast will not be binding on the Parties.
Customers Prospect will enter into Customer Agreements with 2 to 4 customers; provided, however, that no such customer shall be committed to purchase more than 50% of the annual volume (as set forth below under "Minimum Volumes") for any year unless such customer's commitment for such year does not exceed 250,000 tonnes.