Monthly Requirement definition

Monthly Requirement shall have the meaning as set forth in Clause 11.1.2;
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Monthly Requirement means the forecasted monthly requirements for Product that will be purchased by HI-POWER and all other Eos Parties from TETRA during each calendar month of the applicable Rolling 12-Month Forecast. 1.18 “NDA” / “Confidential Information”. The term "NDA" shall mean the Mutual Non- Disclosure Agreement dated April 13, 2023, as amended, by and between TETRA and Eos Energy Storage LLC. Confidential Information shall have the meaning assigned to it within the NDA. 1.19 “Products” shall mean and include (i) all zinc bromide product(s) defined in Exhibit A that conform to the Specifications set forth in Exhibit B attached hereto (“TETRA PureFlow Products”) and (ii) all electrolyte product(s) defined in Exhibit A that conform to the Specifications set forth in Exhibit B attached hereto (“Eos Electrolyte Products”), that are manufactured by TETRA together with any other products supplied by TETRA to any Eos Party, including HI-POWER, under this Amended Agreement. 1.20 “Personnel” of a Party means any agents, employees, contractors, or subcontractors engaged or appointed by such Party. 1.21 “Purchase Order” shall mean the outstanding non-cancellable orders previously issued under the Original Supply Agreement or orders to be issued by HI-POWER or any other Eos Party hereunder to purchase the specific Binding Volume Amount of each Product set forth in the applicable mutually agreed upon Rolling 12-Month Forecast on requested delivery dates, subject to Lead Times. All Purchase Orders are binding and non-cancellable, except as otherwise expressly permitted herein, and subject to Section 3.4 below. 1.22 “Renewal Term” shall have the meaning assigned to such term in Section 7.1. 1.23 “Rolling 12-Month Forecast” shall mean a written rolling 12-month forecast, updated monthly and mutually agreed upon by the Parties, of the Monthly Requirements of each Product that will be purchased by HI-POWER and all other Eos Parties from TETRA in the twelve (12) calendar months immediately following the month in which such forecast is delivered to TETRA.
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Examples of Monthly Requirement in a sentence

  • Subject to the terms and conditions of this Agreement, beginning on the Effective Date and continuing throughout the Term of this Agreement, the Purchaser shall purchase and take delivery from the Supplier "CPT the applicable Delivery Site" the quantities of Aluminum set out in the Monthly Requirement Schedules, subject to Section 2.4(b) and provided that such quantities are equal, in each Contract Year, to the Contract Tonnage for such Contract Year.

  • In the event a delivery schedule cannot be agreed on, Stream shall place the order with another vendor and the order will be counted towards Stream's Minimum Quantity or Minimum Monthly Requirement up to, and to the extent that, the order would not cause NMI to exceed the Designated Capacity computed on a monthly basis.

  • The calendar month used for calculating the Aluminum Price for any shipment of Aluminum shall be the calendar month of shipment set forth in the relevant Monthly Requirement Schedule.

  • Except for the amount represented in the Binding Volume Amount, neither the Rolling 12-Month Forecast nor any Monthly Requirement specified therein creates or sets forth any obligation or commitment to purchase Products in quantities greater than the volume specified in any Purchase Order and neither HI-POWER nor any other Eos Party shall be obligated to purchase any minimum volume quantities from TETRA under this Amended Agreement.

  • The Monthly Requirement Schedule for the first twelve (12) calendar months in the Term of this Agreement is set out in SCHEDULE 1 hereto.

  • Monthly Requirement When calculating the monthly Reserve requirements, the Company will use the following criteria: historical unplanned absences, holidays, Base staffing, change in Base size, training requirements, vacation planning, and temporary localized operational disruptions.

  • The Monthly Requirement Schedule for the first three (3) calendar months in the Term of this Agreement is set out in SCHEDULE 1 hereto.

  • Only CDs produced for Stream's United States operations shall count against the Minimum Quantity and the Minimum Monthly Requirement for U.S. quantities.