Common use of Bookings Target Clause in Contracts

Bookings Target. By no later than two (2) months prior to the end of each calendar year, Distributor shall provide the Company with a twelve (12) month non-binding bookings target of its anticipated requirements for Product in the Territory for the subsequent calendar year, which may be updated by Distributor from time to time during the course of such subsequent year (each, a “Bookings Target”). Distributor’s initial Bookings Target is set forth below. Each Bookings Target is a non-binding estimate and shall not obligate Distributor to purchase the volume of Product set forth in such Bookings Target.