Monthly Variance definition
Monthly Variance means the aggregate Original Balance of all Receivables generated during a Calculation Period as determined on the last day of such Calculation Period minus the actual invoice amount for such Receivables.
Examples of Monthly Variance in a sentence
If the Monthly Variance exceeds [*******], SMIC shall pay Spansion, in the case of a shortfall of supply, [*******] of the then current Contract Wafer price set forth in the Product Supplement for the amount of Contract Wafers by which the Monthly Variance exceeds [*******] Firmly Forecast Orders.
In addition, the Monthly Variance shall be made up during the remaining months in the applicable quarter, or the provisions of Section 10.3(a) shall also apply for the applicable quarter.