Examples of Sale Volume in a sentence
For purposes of computing the Territory Severance Payment under this Section 12.b.(iv), the Final Buy-Out Contribution shall be multiplied by a fraction, the numerator of which shall be the Sale Volume in the terminated Territory for the period ended on the last day of the month immediately preceding the month in which the Partial Territory Termination occurs and the denominator of which shall be the Sale Volume in the entire Territory for the same period.
As soon as practicable after October 31, 2008, HBC shall determine the actual Sale Volume for the Territory for the period ended October 31, 2008 in order to calculate the final amount due by Distributor in accordance with the formula set forth in Exhibit E (the “Final Buy-Out Contribution”).
By way of example only, for Timber Sale Volume delivered between Monday, November 15, 2010 and Sunday, November 21, 2010, St. Xxx would pay Owner not later than Monday, November 29, 2010.
Within a reasonable time of Xxxxxx receiving the information necessary to determine the actual Sale Volume, but in no event later than the first anniversary of the Effective Date, as the case may be, the Estimated Buy-Out Contribution shall be increased or decreased upon written notice by Xxxxxx, based on the actual Sale Volume.
Joe’s execution and delivery of this Agreement to Owner and its purchase of the Timber Sale Volume provided for herein, have been authorized by St. Xxx in accordance with applicable law, and all other actions required to be taken to authorize execution of this Agreement and St. Joe’s performance of all obligations undertaken by it under its terms, have been duly and regularly taken.
Throughout the period of this Agreement, St. Xxx shall make a weekly accounting to Owner as to the product, species, and weight of the Timber Sale Volume cut and delivered hereunder.
Xxx the right of ingress and egress over the real property on which the Timber is located, together with any other access rights that Owner has to any adjacent property, to perform the harvesting of the Timber Sale Volume pursuant to this Agreement.
All Timber Sale Volume purchased by St. Xxx shall be harvested in a modern workmanlike manner, in accordance with good logging practices, the Prescription and the terms and conditions set forth below.
St. Xxx shall pay Owner for such Timber Sale Volume on a weekly basis, not later than the second Monday after the week (Monday through Sunday) in which St. Xxx delivers the Timber Sale Volume to the applicable delivery point.
St. Xxx agrees to notify Owner at least twenty-four (24) hours prior to the beginning of harvesting of the Timber Sale Volume and, in the event harvesting is discontinued for more than two (2) weeks, St. Xxx agrees to notify Owner at least twenty-four (24) hours before resumption of the harvesting.