Base Year Volume definition
Base Year Volume means the quantity representing the aggregate actual sales of the applicable Designated Product by each Member (and its respective Affiliates) during calendar year 2000 unless modified in the manner set forth below, to the extent such Designated Product was (i) produced and sold within the United States, (ii) produced within the United States and sold in Mexico or Canada, or (iii) produced in Mexico or Canada and exported into and sold in the United States. The Base Year Volume shall be confirmed in writing by the parties.
Base Year Volume is ninety percent of the volume of items purchased by Buyer during the period January 1, 1997 through and including December 31, 1997.
Examples of Base Year Volume in a sentence
These actual sales figures shall be added to the acquiring Member's Adjusted Year Volume to yield a Modified Base Year Volume for that Member.
A Member's Modified Base Year Volume shall be increased by the volume of Designated Products sold in the most recently completed year under any unassignable contract upon the earlier of the assignment to the Company or the expiration of such contract.
If during any Annual Period when the Seller's Standard Price List is in effect hereunder, Buyer's purchases hereunder attain at least the Base Year Volume, then each purchase hereunder during the next following Annual Period shall be for the Prices listed in Exhibit A hereto.