Correct Quantities Clause Samples
The 'Correct Quantities' clause ensures that the quantities of goods, materials, or services specified in a contract are accurate and reflect the actual requirements of the project or transaction. In practice, this clause may require parties to verify and confirm quantities before delivery or performance, and may outline procedures for adjusting payments or deliveries if discrepancies are discovered. Its core function is to prevent disputes and financial losses arising from over- or under-supply, thereby promoting fairness and accuracy in contractual obligations.
POPULAR SAMPLE Copied 1 times
Correct Quantities. In the event LTS delivers at least [***] of the order and not more than [***], LTS shall be deemed to have delivered the ordered quantities of Patches. It is understood that NeurogesX shall however only pay for the Patches it actually received, but not more than [***] of the applicable order, and only the actual number of Patches ordered and received shall be used to determine whether or not LTS has supplied [***] as the case may be, of the Binding Quantities under Section 6.4(a)(i)(1) below.
Correct Quantities. In the event Astellas receives at least [***] and not more than [***] of the units of the Components to be supplied with a delivery under a Purchase Order made by Astellas, then the ordered quantities of Components shall be deemed to have been delivered. It is understood that Astellas shall pay only for the amount of Components it actually receives.
Correct Quantities. In the event LTS delivers at least 90% of a Firm Order and not more than 110%, LTS shall be deemed to have delivered the ordered quantities of Drug Product. It is understood that NuPathe shall however only pay for the Drug Product it actually receives.