Monthly Quota definition
Examples of Monthly Quota in a sentence
For purposes of determining the price of the Product, at the Buyer’s choice, the quotational period (the “Quotational Period” or “QP”) applicable to each Monthly Quota of the Product shall be the average of the month of delivery (M); or the average of the fourth month following the month of delivery (M+4).
Classified as: PRIVATE & CONFIDENTIAL Seller shall declare the estimated weights, moistures and assays for the Payables for each Monthly Quota delivered hereunder prior to the first QP.
The Buyer shall pay, up to 95% of the provisional value of the Product, upon delivery completion of the Monthly Quota at the designated warehouse against the presentation of the following documents: · Seller’s Provisional invoice using the average of the metal prices during the 5 LME/LBMA market business days prior to the invoice date.
Gemini may cure such a default by (1) tendering to NUWAVE payment in full of any and all amounts owed plus payment of the Monthly Quota for all months outstanding through and including the month after the calendar month in which the above mentioned 45 day notice period ends.
Monthly Quota Beginning September 1, 1998, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall provide, on average, not less than *** calls per month and shall distribute promotional material and/or samples on each Call.
The right of first offer shall be that Gemini shall have until 5:00 PM New York time on the 30th day (the "End of Offer Time") following the date on which NUWAVE provided to Gemini a beta model or other functional prototype of the new offering, to negotiate, execute and deliver a written amendment to this Agreement to include Gemini's distribution of the product and the expansion of the Monthly Quota, as described above.
Such termination shall immediately release distributor from any past and future Monthly Quota purchases.
In the event that NUWAVE wishes to terminate the Agreement because Gemini has failed to fulfill any Monthly Quota as provided in Section 2.3, NUWAVE may do so provided that it provides written notice and a 45 day cure period.
The Executive's existing commission plan, payable upon receipt of invoice payment, is as follows: 2% of all sales revenue generated by Company; 7% of personal sales up to monthly quota and 10% of personal sales exceeding monthly quota; Executive's Personal Monthly Quota equals $75,000 of annualized revenue.
The date of delivery shall be evidenced by the arrival date of the last truck in each Monthly Quota at the Buyer's warehouse as evidenced by the Buyer's Warehouse's records.