Target Quantities definition
Examples of Target Quantities in a sentence
For Contract Years one through five, MEMC shall be obligated to supply Conergy quantities only up to [***]% of the Yearly Target Quantities set forth on Attachment B hereto for such Contract Years, unless MEMC has been given at least three (3) years advance notice of Conergy’s request for quantities in excess of [***]% of the Yearly Target Quantities in such years, and MEMC has agreed to supply such increased quantities.
It is furthermore understood and agreed by the parties that the Target Purchase Quantity in Section 2.7 are strictly related to the purchase prices of the Products; therefore, in case of any price increase, the annual Target Quantities for the subsequent Supply Year will be reviewed accordingly.
The quantities of Wafers to be supplied by MEMC hereunder assume that in any Contract Year such amount of Wafers will be approximately [***]% of Conergy’s then current solar wafer demand, and the Yearly Target Quantities of Wafers set forth in Attachment B, as modified by Section 2.2(a), reflect this mutual intention of the parties.
For Contract Years one through five, MEMC shall be obligated to supply Suntech quantities only up to *** of the Yearly Target Quantities set forth on Attachment B hereto for such Contract Year, unless MEMC has been given at least three (3) years advance notice of Suntech’s request for quantities in excess of *** of the Yearly Target Quantities in such years, and MEMC has agreed to supply such quantities.
No adjustment shall be due if Target Quantities are achieved later than November 30, 2001 but prior to the close of business on December 31, 2001, and in such event the entire advance shall be added to Phillips' capital contributio▇ ▇▇ ▇▇e Company.
If it is determined that the Target Quantities have not been achieved by December 31, 2001, then the entire advance shall be treated as a capital contribution to the Company and, on the tenth business day of each calendar month after December 2001 until Target Quantities have been achieved, Phillips shall make an additio▇▇▇ ▇▇▇ital contribution of $3.2 million to the Company; provided that no contribution will be due after December 2002 even if Target Quantities have not been achieved by December 31, 2002.
For each calendar month prior to December 2001 by which Target Quantities have been achieved, ▇▇▇▇▇▇▇▇' advance shall be repaid by $3.2 million and the balance of the advance shall be treated as a capital contribution to the Company.
No adjustment shall be due if Target Quantities are achieved later than November 30, 2001 but prior to the close of business on 50 57 December 31, 2001, and in such event the entire advance shall be added to Phil▇▇▇▇' ▇▇pital contribution to the Company.
At Closing, Phil▇▇▇▇ ▇▇▇ll advance to the Company $70 million, subject to adjustment depending on the calendar month by which the Company has produced at the K-Resin Plant (and/or Designated Replacement Facilities) and sold into the market an aggregate of 143 million pounds of K-Resin, of which at least 114 million pounds must be of prime quality (the "Target Quantities") and subject to a maximum cap of $109 million.
For each calendar month prior to December 2001 by which Target Quantities have been achieved, Phil▇▇▇▇' ▇▇vance shall be repaid by $3.2 million and the balance of the advance shall be treated as a capital contribution to the Company.