Forecast definition

Forecast means a statement of expected meteorological conditions for a specified time or period, and for a specified area or portion of airspace;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Forecast has the meaning set forth in Section 4.1.

Forecast shall have the meaning set forth in Section 3.1.

Examples of Forecast in a sentence

• After providing the Product Rolling Forecast in accordance with Section 4.1.1, JPI and Legend shall work together to determine the Production schedule for the forecasted quantity of Product on a [***] basis, consistent with the Capacity Allocation Plan [***].

• After receipt of Legend’s Purchase Orders for Lentivirus or JPI Supplied Components, JPI shall confirm to Legend if it accepts such Purchase Order; provided that JPI shall use Diligent Efforts to accept each such Purchase Order to the extent it is consistent with the Lentivirus Rolling Forecast or Product Rolling Forecast, as applicable, and use Diligent Effort to supply Lentivirus and JPI Supplied Components in accordance with such accepted Purchase Order.

• Any purchase orders placed under the Interim PSA shall be considered Purchase Orders hereunder and the last Product Rolling Forecast under the Interim PSA shall be considered the first Product Rolling Forecast hereunder.

• For the avoidance of doubt, if, after exercising commercially reasonable efforts, a Party is unable to fulfill a request for a change or addition to Production in excess of the [***] forecasted amounts in the Product Rolling Forecast or Lentivirus Rolling Forecast (as applicable), such failure, on its own, shall not be deemed a breach of this Agreement.

• Provider will be responsible for ensuring there is a sufficient inventory of Raw Materials to satisfy its obligations under this Agreement, consistent with each Binding Forecast and applicable Purchase Order.

More Definitions of Forecast

Forecast means the hourly forecast of (a) the total electric energy production of the Generating Facility (in MWh) when the Generating Facility is not PIRP-eligible or Buyer is not Scheduling Coordinator net of the Site Host Load and Station Use, or (b) the available total generation capacity of the Generating Facility (in MW) when the Generating Facility is PIRP-eligible and Buyer is Scheduling Coordinator net of the Site Host Load and Station Use.

Forecast has the meaning set forth in Section 2.2.

Forecast shall have the meaning set forth in Section 2.5.

Forecast has the meaning set forth in Section 3.1(c)(ii).

Forecast means a rolling estimate of Buyer’s requirements for Products from current Orders up to a forward looking period of at least nine (9) months and preferably twelve (12) months including the quantities to be manufactured and the requested delivery date.

Forecast means prospective financial statements that present, to the best of the responsible party’s knowledge and belief, an entity’s expected financial position, results of operations, and changes in financial position or cash flows that are based on the responsible party’s assumptions reflecting conditions it expects to exist and the course of action it expects to take.

Forecast has the meaning set forth in Section 5.1.