Target Consumption definition
Examples of Target Consumption in a sentence
Novasep shall not reject unreasonably any adjustment to the Target Consumption Range proposed in good faith by Inspire based on actual data and results concerning the past two (2) years’ production history.
The Parties shall subtract the amount so obtained from the Consumption Amount (in order to determine the amount of excess Initial Materials that were consumed in manufacturing above the Target Consumption Range) and then multiply the difference so obtained by the Average Initial Materials Price (the “Excess Initial Materials Cost”).
The Parties will determine such amount of Initial Materials by (i) multiplying the then-applicable upper bound of the Target Consumption Range (e.g., [c.i.] Initial Materials per kg API as of the Effective Date) by the amount of API actually produced in such Short Batch and (ii) subtracting the product so obtained from the amount of Initial Materials that were actually consumed in the manufacture of such Short Batch.
The Parties shall subtract the Consumption Amount from such amount (in order to determine the amount of Initial Materials that were saved in manufacturing below the Target Consumption Range) and then multiply the difference so obtained by the Average Initial Materials Price (the “Initial Materials Savings”).
We will not refuse your request unless, in our reasonable opinion, the addition of the Site would mean your aggregate consumption in a Jurisdiction is likely to exceed the relevant Target Consumption by the Roll-In Maximum Quantity.