Forecast Consumption definition

Forecast Consumption means Nortel Networks’ actual Requirements for Products as a percentage of Nortel Networks’ Market Forecast (as calculated in dollars at the Product Family level). Forecast Consumption shall be measured at the end of each calendar quarter, and shall be calculated using the sum of the sixty (60) day Market Forecasts and the sum of the actual Requirements for each month of the three-month forecast measurement period (which shall include the last month of the previous calendar quarter, and the first two months of the current calendar quarter, which shall be defined as the “Consumption Period”). Such calculation shall be made in accordance with the methodology as set out in Exhibit 20. The Forecast Consumption for a Consumption Period shall determine the excess uplift percentages to be calculated against the total Material Cost and paid by Nortel Networks, in accordance with the table as set out in Section 8 in the Virtual Systems House Agreement. The placeholders for the base excess uplift percentages shall be expressed as A% and the incremental excess uplift percentage shall be expressed as B% in Section 8 of Exhibit 2, and the applicable VSHAs will set out the negotiated values of A% and B%. The A% and B% represents the excess uplift percentage between Nortel Networks and Flextronics. Compensation for excess above Forecast Consumption between EMS Tier 2 Suppliers providing Material to Flextronics (whether or not it is a NC or SC Material) shall be expressed as X% and Y%. The base excess uplift percentage (X%) in the prices charged to Flextronics will be part of the Material Cost and will flow through to Nortel Networks in the Product Price. However any incremental uplift percentage (Y%) that is in addition to the X% charged to Flextronics that is caused by Forecast Consumption less than the base range for the X% will be paid by the Flextronics and will not appear in the Product Price. It will also be the responsibility of Flextronics to monitor and track all aspects of the Forecast Consumption and excess uplift process with both NC and SC Suppliers. For clarity, the process of calculating the applicable uplift percentages as set out above is described in Exhibit 25. Exceptional Excess Inventory shall be defined as Inventory that is Unique to Nortel Networks, and is on hand or on order but not within Time-to-Cancel, as a result of Forecast Consumption for a Product Family that is lower than [•] for a Consumption Period. In these situations, Exceptional Exces...
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Forecast Consumption means the estimated annual quantity and refers
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Forecast Consumption means estimated annual consumption and
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Examples of Forecast Consumption in a sentence

  • Each Forecast Consumption figure is derived by the Supplier from historic data relating to the Customer’s consumption of electricity and information provided by the Customer in advance of this Contract as to its anticipated consumption of electricity.

  • The Forecast Consumption set out in Schedule 2 is the total quantity of electricity forecast to be supplied in a Supply Month to all of the Supply Points.

  • The Forecast Consumption set out in Schedule 2 is the total quantity of Gas forecast to be supplied in a Supply Month to all of the Supply Points.

  • This Contract and any non-contractual obligations arising from or connected with it shall be construed and governed in accordance with English Law unless at the Start Date the majority of the Forecast Consumption in the first Contract Year (or until the End Date, if sooner) is in Scotland, in which case Scottish law shall apply.

  • The Supplier will amend the Forecast Consumption to take account of the addition or removal of a Supply Point and the Customer will provide the Supplier with the information it requires to enable the Supplier to make such amendment.

  • If the Supplier determines that the Forecast Consumption is materially wrong and incurs costs from a Distribution System Operator, Transmission System Operator, Meter Operator, Data Collector or Data Aggregator, the Supplier may increase the Electricity Price by an amount equal to the extra costs.

  • If the Supplier determines that the Forecast Consumption is materially wrong and incurs costs from a Service Provider, the Supplier may increase the Delivered Price by an amount equal to the extra costs.

  • The Supplier also allocates the Forecast Consumption into Settlement Periods, which the Customer may see on request.

  • For Flexible Price Contracts, the Supplier will derive Base Load Blocks and Peak Load Blocks of electricity from the Forecast Consumption (the “Load Block Volume”) and calculate the difference between the Forecast Consumption and Load Block Volume in each Settlement Period (the “Residual Volume”), each as shown in Schedule 2.

  • The Customer shall be deemed to have given a notice to amend the Forecast Consumption under Clause 11.3(a) if it gives notice of the addition or removal of a Supply Point.


More Definitions of Forecast Consumption

Forecast Consumption means the estimated amount of Energy
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Related to Forecast Consumption

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Consumption of a chemical means its conversion into another chemical via a chemical reaction.

  • Forecast has the meaning set forth in Section 4.1.

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;

  • average consumption means the average consumption of a customer of a municipal service during a specific period, and is calculated by dividing the total measured consumption of that municipal service by that customer over the preceding three months by three;

  • Finished Services means complete end-to-end services offered by CenturyLink to wholesale customers or retail End User Customers. Finished Services do not include Unbundled Network Elements or combinations of Unbundled Network Elements. Finished Services include Access Services, private lines, retail services, and resold services.

  • Biodiesel fuel means a renewable, biodegradable, mono alkyl ester combustible liquid fuel derived from agricultural plant oils or animal fat such as, but not limited to, soybean oil. For purposes of this definition, “biodiesel fuel” must also meet the specifications of American Society for Testing and Material Specifications (ASTM) D 6751-02, “Standard Specification for Biodiesel Fuel (B100) Blend Stock for Distillate Fuels,” and be registered with the U.S. Environmental Protection Agency as a fuel and a fuel additive under Section 211(b) of the Clean Air Act, 42 U.S.C. Sections 7401, et seq. as amended through November 15, 1990.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Consumption Data means customer specific electric usage data, or weather adjusted data, including but not limited to kW, kWh, voltage, var, power factor, and other information that is recorded by the electric meter for the Company and stored in its systems. Consumption Data also includes payment and service history, account number, and amount billed.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Human consumption means the use of water for drinking, bathing or showering, hand washing, oral hygiene, or cooking, including, but not limited to, preparing food and washing dishes.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Fuel means any solid, liquid or gaseous combustible material;

  • Bulk gasoline plant means a gasoline storage and distribution facility with an average daily throughput of 20,000 gallons (76,000 liters) of gasoline or less on a 30-day rolling average.

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Diesel fuel means the same as that term is defined in Section 59-13-102.

  • Finished water means the water that is introduced into the distribution system of a public water system and is intended for distribution and consumption without further treatment, except as treatment necessary to maintain water quality in the distribution system (e.g., booster disinfection, addition of corrosion control chemicals).

  • Output means the exposure rate, dose rate, or a quantity related in a known manner to these rates from a brachytherapy source or a teletherapy, remote afterloader, or gamma stereotactic radiosurgery unit for a specified set of exposure conditions.

  • Load means energy consumed by Customers together with allocated losses and unaccounted for energy;

  • Biodiesel blend means a fuel comprised of a blend of biodiesel fuel with petroleum-based diesel fuel, suitable for use as a fuel in a compression-ignition internal combustion diesel engine.

  • Cash Flow Forecast means a 13-week cash flow forecast for the then applicable period, which shall include, among other things, anticipated cash collections and receipts and anticipated disbursements for each calendar week covered thereby.

  • Biodiesel means a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, and, in accordance with standards specified by the American society for testing and materials, designated B100, and meeting the requirements of D-6751, as approved by the department of agriculture.

  • forecast prices and costs means future prices and costs that are:

  • Rolling Forecast has the meaning set forth in Section 4.2.

  • Finished Products means any one or more of the following petroleum oils, or a mixture or combination of these oils, to be used without further processing except blending by mechanical means:

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.