Yearly Volume definition
Examples of Yearly Volume in a sentence
In each Contract Year, Seller will allow Buyer to optionally request that up to 25,000 tons (the “Flex Volume”) of the contracted Yearly Volume of northern white sand 40/70 be shifted to a combination of northern white sand 30/50 and/or northern white sand 20/40 products in any proportions that Seller may be able to provide.
At least [***] months before the first scheduled commercial delivery of Product, Nycomed shall provide Patheon with the Yearly Volume for the Launch Year.
Such Yearly Volume shall be taken and supplied in approximately even monthly amounts.
No later than the end of the eight month of Year 1 and the Subsequent Years, Distributor will submit to Manufacturer a rolling purchase order covering the Total Yearly Volume (the "Yearly Purchase Order").
In addition, the sum of the four Quarterly Purchase Orders for any given Subsequent Year, and the sum of the twelve Monthly Release Orders for such Subsequent Year may not exceed the Total Yearly Volume for that Subsequent Year, respectively.
Thereafter no later than [***] of the Launch Year and all following Contract Years during the Term, Nycomed shall provide Patheon with the Yearly Volume for the immediately following Contract Year.
In case the Product Schedule is then terminated by CUSTOMER because SUPPLIER is unable to overcome the related Force Majeure Event, the Minimum Yearly Volume for the Year where the related Product Schedule is recorded as referred to in the Master Agreement shall be reduced by the price for the related Product Schedule.
Any Services that do not adequately comply with the Project Agreement, if such failure is due to acts or omissions of SUPPLIER, shall at CUSTOMER’s discretion either: (i) be repeated at SUPPLIER expense if reasonable; or (ii) the cost of the Services shall be refunded by SUPPLIER to CUSTOMER and the Minimum Yearly Volume is not increased by such refunded amount for the Year where the related Service is recorded as referred to in the Master Agreement.
Commencing on the first anniversary of the Effective Date but not more than once every contract year, TSG shall have the right to decrease the Yearly Volume Threshold Incentives to recover any actual increases in communication costs during the upcoming year.
The Parties agree to add the twenty percent (20%) fees paid by FLAMEL each Year over the External Costs as provided in clause 5.1 hereinabove, to the amount of the Internal Costs paid the same Year for determining FLAMEL to reach the Minimum Yearly Volume of the related Year.