Web“Binding Forecast” shall have the meaning set forth in Section 3.1. 1.5 “Business Day” shall mean any day that is not a Saturday, a Sunday, or other day on which banks are required or authorized by Applicable Law to be closed in the City of New York. 1.6 “Capped Amount” shall have the meaning set forth in Section 3.1. 1.7 WebCandiff and Still gives a concise, yet, an easy-to-understand definition of the phrase. “Sales forecast is an estimate of sales during a specified future period, whose estimate is tied to a proposed marketing plan and which assumes a particular state of uncontrollable and competitive forces.” — Candiff and Still. While most people would think of sales …
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