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 $6,000,000.
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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

  • Service Volume means a measure of Services for which a Performance Target is set.

  • 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.

  • Runoff volume means the volume of water that runs off the land development project from a

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;