Current Month definition
Examples of Current Month in a sentence
MaxLinear will require Distributor to carry a minimum Required Inventory (“RI”) level on a rolling basis as determined by the following formulas: RI = Current Month Demand (“CMD”).
For the purposes of the foregoing calculation: (i) each Monthly Payment shall be calculated using the Contract Quantity rather than the Expected Contract Quantity; and (ii) the Current Month shall be the next calendar month for which a showing will be made.
On the date any amounts are to be transferred pursuant to Section 5.5, LINN shall submit to ▇▇▇▇▇ a “Monthly Settlement Statement” prepared substantially in the form of Exhibit C, calculating the Current Month Settlement, to the extent any such amount has not previously been accounted for in a prior Current Month Settlement or under this Agreement or otherwise accounted for prior to the Effective Date between the Parties.
On the 15th day of each calendar month during the Term and for the three calendar months following the end of the Term, (i) if the Current Month Settlement is a positive number, then LINN shall pay to ▇▇▇▇▇ via wire transfer into a ▇▇▇▇▇-owned account the Current Month Settlement and (ii) if the Current Month Settlement is a negative number, then ▇▇▇▇▇ shall pay to LINN via wire transfer from a ▇▇▇▇▇-owned account into a LINN owned account the Current Month Settlement.
The Statement shall be applicable to the period commencing on the first (1st) day of the month preceding the Current Month and ending on the last day of such month (the "Payment Request Period").