River Forecast Updates Sample Clauses

River Forecast Updates. (i) Each Month of the Year beginning in November of the Year prior to the Year in question, Tampa Electric shall update the River Forecast (“River Update”). The River Update shall specify the quantity of cargo, without limitation, for each remaining Month in the Year in question. For the avoidance of doubt, the River Update for each of November, December and January shall include Tampa Electric’s estimate of the cargo quantity for each of the twelve Months for the Year in question. (ii) Tampa Electric shall give the River Update to United no later than the first Business Day of each Month. From time to time, Tampa Electric, for sound commercial reasons, shall have the right to amend the River Update, provided notice of such amendment is given to United on or before the fifteenth (15th) day of the Month in question. Such amendment will relate back to the first of the Month and will be deemed as given on that first day. (iii) With each River Update, Tampa Electric shall provide United with the then known information or its best estimate, for each Month during the remainder of the Year, as to the Applicable Waterways loading terminals, Cargo quantities, Cargo suppliers and the Tampa Electric Cargo contract numbers. (iv) In view of, and without prejudice to, their reciprocal obligations under this Section 3, Tampa Electric and United acknowledge their intent to communicate frequently and in a timely manner as to their evolving commercial needs and transportation capacities and as to other relevant facts and circumstances.