PRODUCT VOLUME definition

PRODUCT VOLUME means the aggregate of (a) the face amounts of all letters of credit issued by Contractor plus (b) the aggregate amount of funds advanced by Contractor by other than issuing its letters of credit, in connection with an Accepted P.O. for which a P.O. Invoice is issued on or before the date on which payment of the Commitment Fee is due, and "MINIMUM VOLUME" means Product Volume which equals or exceeds $2,250,000.
Sample 1

Examples of PRODUCT VOLUME in a sentence

  • PRODUCT VOLUME EXCLUDED FROM GAINSHARE FEE COGS REDUCTION CALCULATIONS The following volume shall be excluded from the calculation of the defect density for both **************************** and Conexant ********* ******** run at *******: - Pre-production lots - Engineering lots - Lots adversely affected by equipment failures or malfunctions.

Related to PRODUCT VOLUME

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • SKU means stock keeping unit.

  • Finished Products means the fully assembled and shrink-wrapped Licensed Products, each including a Game Cartridge, Game Cartridge label and Printed Materials.

  • Supply Price has the meaning set forth in Section 6.2.

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • Product Family means an SAP product family which may comprise of one or several SAP software products or services as further set out in the applicable RSPI.