Forecasted Volume definition
Examples of Forecasted Volume in a sentence
Buyer shall advise ANC, prior to October 31, of its annual requirements of containers under this Agreement for the upcoming calendar year (the "Forecasted Volume").
If the Forecasted Volume is in excess of or less than the volume referred to in subparagraph 3(a) above, ANC shall only be required to use its commercially reasonable best efforts to provide such excess to Buyer or accommodate such shortfall.
Appendix B sets out the volume of Milk that you forecast that you will supply to us each month during the Term (Forecasted Volume).
In the event that the Forecasted Volume is in excess of the volume referenced in subparagraph 3(a), ANC shall first attempt to secure metal within the then current band pricing range.
If you consider you will not be able to supply us with the full Forecasted Volume in any given month, you must notify us as soon as possible in writing.
There is no maximum volume of Milk you can supply us, but you must notify us immediately if you intend to increase or decrease the Forecasted Volume by greater than 10% and notify us again in each December and July during the Term (or 6 months intervals after the Commencement Date) of any planned increase or decrease to Forecasted Volume for the remaining period of the Term.
If your actual monthly volume falls below (or above) your monthly Forecasted Volume for one or more months during a Financial Year, we may apply a revised cpl rate for the remainder of that Financial Year, with your written agreement.
Your Productivity Incentive will then be paid monthly at that rate on the basis of your Forecasted Volume for that month.
All Forecasted Volume shall be provided for planning purposes only and shall not constitute a firm offer to buy, provided, however, that Rexam may use reasonable judgment to produce Cans pursuant to the relevant 90 Day Rolling Forecast only, in advance of receipt of actual orders, in which event all such Cans shall be purchased by the applicable Bottler within ninety (90) days.
Substantial increases in volume that are not consistent with a Bottler’s Forecasted Volume or significant increases in the Forecasted Volume from year to year may require discussion and agreement between Rexam and the applicable Bottler on meeting such increase in volume, and the Parties agree to work in good faith to reach such agreement.