Examples of Open Order in a sentence
The Open Order expires at the delivery of the agreed quantities or the expiry of the specified period of time.
Supplies of COFICAB are mandatorily purchased through an order ("Order") that can be issued for a firm quantity and price according to delivery time and schedule specified by COFICAB ("Closed Order") or for a forecasted quantity of identified Supplies to be delivered over a specified time frame according to a delivery schedule specified by COFICAB ("Open Order").
End of needs; if an order is not placed or in the absence of substantial demand from the Client (Projected Programme or closed Orders) for a year, the Supplier will be entitled to consider that the Open Order is terminated/closed, and may therefore send the Client, if applicable, its request for compensation provided for above.
During the notice period, whether at the initiative of either party, the Open Order will have to be executed under the contractual conditions, in particular the price, in force at the time of its denunciation.
During the negotiation and / or until termination of the notice of termination, the Open Order will have to be executed on the contractual conditions, in particular prices.