Minimum Volume Requirements definition

Minimum Volume Requirements means the purchase of at least 74,000 gallons of Product representing 4% of the Total market in “Territory of Paraguay” during the first Contractual Year. Thereafter and for each subsequent Contractual Year, BAM shall set the Minimum Volume Requirement at is sole discretion, which shall not be more than 2% greater than the prior Contractual Year’s Minimum Volume Requirement or the prior, Contractual Year’s actual number of gallons purchased, whichever is greater, absent the consent of Distributor.
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Examples of Minimum Volume Requirements in a sentence

  • On the terms and subject to the conditions of this Agreement, Seller hereby grants to Buyer an exclusive license under its Proprietary Rights in the Technology; provided, however, that: (i) if Buyer fails to meet its Minimum Volume Requirements specified on Exhibit B for any specified period, Seller may, at its option, terminate the agreement.

  • Volumes of Supplier Product purchased by Customer in excess of the Minimum Volume Requirements [ * ] shall count towards the Minimum Purchase Requirements for 2006 under “Exclusivity” in Exhibit A.1 attached hereto.

  • The Minimum Volume Requirements of CSI during any given year shall be pro-rated to take into account any period of Force Majeure invoked by either CSI or BNSF.

  • Supplier hereby grants to Customer manufacturing exclusivity during the Term only for the Subject Product in the Application in the Territory, but subject to Customer's satisfaction of and compliance with the Exceptions, Minimum Volume Requirements, Firm Order, Customer Exclusivity, and Development Rights provisions below.

  • Minimum Volume Requirements will be agreed upon between the parties in writing.

  • If Buyer fails to meet the Minimum Volume Requirements, Buyer shall pay Seller a "Shortfall Charge".

  • Further, CVS will be excused from meeting its Pharmacy Minimum Volume Requirements as set forth in the Section 3(a) Disclosure Schedule during such period (only in the amounts that the affected Pharmacies are required to purchase from others due to the event of force majeure).

  • Supplier hereby grants to Customer manufacturing exclusivity [ * ] during the Term only for the Subject Product in the Application in the Territory, but subject to Customer's satisfaction of and compliance with the Exceptions, Minimum Volume Requirements, 2007 Firm Order Amount, Customer Exclusivity, and Development Rights provisions below.

  • As consideration for Seller's capital investments in preparation for its performance of Seller's duties and obligations under this Agreement, Buyer agrees that it will schedule monthly shipments and purchase a minimum of $900,000 of Products per month (determined on a three (3) month rolling average) from Seller (the "Minimum Volume Requirements") beginning the third (3rd) calendar month after the commencement of the Manufacture of Products by Seller.

  • If, in any month following the third (3rd) calendar month after the commencement of the Manufacture of Products by Seller, Buyer fails to meet the Minimum Volume Requirements, Buyer shall pay Seller a "SHORTFALL CHARGE." The "SHORTFALL Charge" will be calculated by subtracting the sum of all invoices billed to Buyer by Seller for Products shipped during any applicable month from One Million Dollars ($1,000,000.00), then multiplying that figure by 25%.

Related to Minimum Volume Requirements

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at ▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $2,500,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.