Buffer Stock Provisions Sample Clauses
Buffer Stock Provisions are contractual terms that require a party to maintain a minimum reserve of goods, materials, or resources to ensure continuous supply or performance. Typically, these provisions specify the quantity and type of stock to be held, and may outline procedures for replenishment if levels fall below the agreed threshold. By mandating a buffer stock, the clause helps prevent disruptions caused by supply chain delays or unexpected demand, thereby ensuring reliability and stability in fulfilling contractual obligations.
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Buffer Stock Provisions. A. Seller agrees to maintain [*] of buffer stock in finished goods inventory for shipment at Buyer's request. The [*] buffer stock requirement shall be calculated as the average [*] demand calculated over the next [*] of demand forecasted by the Buyer via the Electronic Commerce [*] and the previous [*] weeks of consumption.
B. Buffer stock may not be used to meet the Buyer's flexibility requirements. Seller shall use commercially reasonable efforts to replenish within [*] weeks of the Buyer's consumption.
C. Buffer stocks must be maintained in current dates and revisions consistent with Buyer's specification(s). THIS EXHIBIT IS AGREED TO AS OF THE DATE OF SIGNATURE BELOW, BY AND BETWEEN: For the Buyer For the Seller -------------------------------- -------------------------------- Signature Signature -------------------------------- -------------------------------- Name Name -------------------------------- -------------------------------- Title Title -------------------------------- -------------------------------- Date Date * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Buffer Stock Provisions. A. Seller agrees to maintain [*] of buffer stock in finished goods inventory for shipment at Buyer's request. The [*] buffer stock requirement shall be calculated as the average [*] demand calculated over the next [*] of demand forecasted by the Buyer via the Electronic Commerce [*] and the previous [*] weeks of consumption.
B. Buffer stock may not be used to meet the Buyer's flexibility requirements. Seller shall use commercially reasonable efforts to replenish within [*] weeks of the Buyer's consumption.
C. Buffer stocks must be maintained in current dates and revisions consistent with Buyer's specification(s). THIS EXHIBIT IS AGREED TO AS OF THE DATE OF SIGNATURE BELOW, BY