Average Gross Production Yield definition
Examples of Average Gross Production Yield in a sentence
If the Average Gross Production Yield for such quarter is below the Required Average Gross Production Yield, then the monthly Donor Commitment for the ensuing quarter shall be reduced by a percentage equal to the percentage by which the actual Average Gross Production Yield falls below the Required Average Gross Production Yield.
Such calculations of Average Gross Production Yield shall be done and such adjustments to the monthly Donor Commitment shall be made for each quarter (after the first year following the Effective Date) during the Term of this Agreement.
At the end of such quarter the Average Gross Production Yield for such quarter shall be calculated and, if the Average Gross Production Yield is at least equal to the Required Average Gross Production Yield then the monthly Donor Commitment for the ensuing quarter shall be restored to the levels set forth for the year in which such quarter shall fall in the definition of "Donor Commitment" above.
No downward adjustment of the monthly Donor Commitment shall be made if the Average Gross Production Yield shall be below the Required Average Gross Production Yield during a quarter in which there shall have occurred a shortfall in the number or types of Donors delivered by MTF to Osteotech pursuant to the Donor Commitment.
During the first year after the Effective Date, Osteotech shall use its Best Efforts to plan MTF Donors such that the average gross dollar yield of Tissue Products produced from such Donors (the "Average Gross Production Yield") shall be at least *** per Donor based on the Suggested End User Prices for the Proprietary Products Processed by Osteotech from such Donors.
For purposes hereof, the "Required Average Gross Production Yield" shall be *** .