COMMITMENT TO FORECAST Clause Samples
The Commitment to Forecast clause obligates one party to adhere to or provide binding forecasts regarding future actions, such as product orders, deliveries, or resource allocations. Typically, this clause requires the forecasting party to submit estimates of their needs or intentions within specified timeframes, and may make these forecasts partially or fully binding for planning or production purposes. Its core function is to provide certainty and facilitate efficient resource planning for the receiving party, reducing the risk of unexpected changes and enabling better operational management.
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COMMITMENT TO FORECAST. The Parties hereto acknowledge that forecasts provided by Buyer to Seller, are regarded as estimates only based on the best assumptions of Buyer and they are provided for Seller's planning purposes. Purchase estimates shall not be regarded as binding purchase orders under any circumstances. Buyer shall be under no obligation to purchase any specific quantity of the Parts from Seller, unless otherwise expressly agreed in Appendix 1. [*] the [*] of [*] of [*] will [*] and [*] at [*] will be [*] by [*] the [*] and [*] as [*] in [*].
COMMITMENT TO FORECAST. Under the operation of Supplier Managed Inventory (as outlined in Clause 3.2 of this Logistic Appendix), NGST will operate and manage consignment stock at Endwave's factory. Stock levels will be maintained by NGST between the minimum and maximum levels as defined in Schedule 1. There is no requirement for NGST to maintain any buffer stock at its facilities as in regards to the Products in the consignment stock. CERTAIN CONFIDENTIAL INFORMATION IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.