AYV definition

AYV has the meaning specified in Section 4.2.1;
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AYV means the value of Services ordered and purchased by Client in any Year of this Agreement as set forth in Schedule D;
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AYV for each Product has the meaning specified in the applicable Product Agreement;
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Examples of AYV in a sentence

  • If at the end of the first Year the aggregate actual volume of Product ordered by Client and invoiced by Patheon under Section 5.5 (“Actual Yearly Volume” or “AYV”) during the Year is less than the YFV as set out in the Product Agreement, then Client will pay Patheon for its non-absorbed fixed manufacturing costs incurred during the Year in an amount to be determined as follows: Amount due to Patheon = [(YFV – AYV)] [***] * conversion Price for the Product.

  • In any Year in which MDCO’s AYV is less than MDCO’s YBV, Patheon will make every reasonable effort to mitigate the potential effects of this shortfall and to avoid any need to require the adjustment payments from MDCO as specified in this Section 4.2.1.(b).

  • If at the end of the first Year the aggregate actual volume of Product ordered by Client and invoiced by Patheon under Section 5.5 (“Actual Yearly Volume” or “AYV”) during the Year is less than [**]% of the YFV as set out in this Agreement, then Client will pay Patheon the [**] during the Year in an amount to be determined as follows: Amount due to Patheon = [(YFV x [**]%) – AYV] * [**].


More Definitions of AYV

AYV the total Volume supplied in relation to a meter or Supply Point (as the context may require), as calculated by the CMA in accordance with section 2.3 of CSD 0207 (RF Charge Calculation, Allocation & Aggregation); "Additional Service" the carrying out of any activity or providing any service or report by the CMA for a Trading Party or any other party where such activity, service or report is not a requirement of the Market Code or where the Market Code specifies that the CMA may charge a specific charge; "Additional Service Charge" or "ASC" the amount charged for any Additional Service in accordance with Section 7.3.5; "Ad-hoc Run" any ad hoc Settlement Run or runs of the Central Settlement System carried out by the CMA pursuant to Part 9 (Disputes Procedure) or for any other reason; “Adjustment Meter” a notional meter established at a Supply Point for Water Services for the purposes of adjusting metered Volumes for matters such as fire-fighting or burst allowances; "Admission Application" the form specified by the CMA to be used by Applicants who wish to become a party to the Market Code;
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AYV for each Product has the meaning specified in the applicable Product Agreement; "Affiliate" means:
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