Common use of Initial Estimate Clause in Contracts

Initial Estimate. On or before May 31 in each calendar year, Buyer shall provide to Seller Buyer’s best estimate of the Requirements for the Contract Year commencing on the next July 1 (the “Initial Estimate”). The Initial Estimate shall be made substantially in the form attached as Form A-1. The Initial Estimate shall include (i) the planned change in Buyer’s inventory from the beginning of the Contract Year to the end of the Contract Year, (ii) the estimated amount of coal to be burned in the Pant for that Contract Year, (iii) Buyer’s estimate of Offsite Coal to be Shipped in that Contract Year, (iv) Buyer’s estimate of coal to be purchased from third parties for Test ▇▇▇▇▇, (v) estimated Predelivery Tons of Shortfall Tons from the prior Contract Year, (vi) a forecast of inventory levels by month, and (viii) a forecast of anticipated Plant outages.

Initial Estimate. On or before May 31 in each calendar year, Buyer shall provide to Seller Buyer’s 's best estimate of the Requirements for the Contract Year commencing on the next July 1 I (the “"Initial Estimate”"). The Initial Estimate shall be made substantially in the form attached as Form A-1. The Initial Estimate shall include (i) the planned change in Buyer’s 's inventory from the beginning of the Contract Year to the end of the Contract Year, (ii) the estimated amount of coal to be burned in the Pant Plant for that Contract Year, (iii) Buyer’s 's estimate of Offsite Coal to be Shipped shipped in that Contract Year, (iv) Buyer’s 's estimate of coal to be purchased from third parties for Test ▇▇▇▇▇, (v) estimated Predelivery Tons of or Shortfall Tons from the prior Contract Year, (vi) a forecast of inventory levels by monthmonth and by high sulfur and low sulfur stockpile, as applicable, and (viiivii) a forecast of anticipated Plant outages.