Request Month definition
Examples of Request Month in a sentence
If a Forecasting Report does not specify a weekly or daily Forecast Service Request volume for any Forecast Coverage Area, Forecast Service Requests for that Forecast Coverage Area will be deemed to be evenly spread across the applicable Service Request Month.
If the Service Provider is aware that volume is not likely to be evenly distributed within a Forecast Coverage Area over a Service Request Month (for example due to Bulk Service Requests), it should ensure that the Forecasting Report for that Service Request Month itemises Forecast Service Requests on a per week or per Business Day basis (as applicable and to the extent required to reflect the forecast variation in distribution of volume).
As used herein, “Usage” shall mean, as of any date of determination, the ratio (expressed as a percentage) of (x) the Outstanding Principal Amount as of such date, to (y) the Borrowing Base as reported in the most recently delivered Borrowing Base Certificate, Borrowing Request, Month End Report, Weekly Report or Daily Report, as the case may be.