Forecasts and Inventory Clause Samples

The "Forecasts and Inventory" clause establishes the obligations of one or both parties to provide estimates of future product demand and to maintain adequate stock levels. Typically, this clause requires the buyer to periodically submit forecasts of anticipated purchases, while the seller agrees to keep sufficient inventory on hand to meet those projections. By setting clear expectations for supply and demand, the clause helps prevent shortages or excess inventory, ensuring smooth operations and minimizing the risk of supply chain disruptions.
Forecasts and Inventory. Forecasting, inventory requirements, and supply interruption procedures relating to Acquired Components are set forth on Schedule 3.6.
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Forecasts and Inventory. FORECASTS: Contemporaneously with the execution of this Agreement, Select Comfort shall provide Supply Partner with a written initial projection of its anticipated requirements (downside, baseline and upside) for Parts from Supply Partner for the forthcoming one (1) year period (a “Forecast”). The Forecast must not exceed the current and agreed capacity of the Supply Partner and must be split into weeks, months, quarters, half-years. On a rolling calendar quarter basis or as more frequently as Select Comfort may elect to provide, Select Comfort shall provide Supply Partner with a written updated Forecast which will cover, at a minimum, the next one (1) year period. Any Forecast provided by Select Comfort to Supply Partner is for planning purposes only and does not constitute a Purchase Order, Release (as defined below) or other commitment by Select Comfort to purchase Parts in any quantity or at all from Supply Partner. Apart from the Select Comfort´s Exclusivity Obligation, Select Comfort shall not be, under any circumstances, obligated to purchase any specific quantity of the Parts. Select Comfort shall have no obligation or liability with respect to the purchase of any Parts under this Agreement unless and until such Parts are specified in an issued Purchase Order or, in the case of a blanket Purchase Order, a Release. Select Comfort shall provide Supply Partner with an updated Forecast during any calendar quarter which reflects an updated projection of anticipated demand which may be higher or lower by no more than XXXX than that previously provided for the same period of time.
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Forecasts and Inventory 
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Related to Forecasts and Inventory

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • As to Equipment and Inventory Grantor hereby agrees that it shall: (a) keep all the Equipment and Inventory (other than Inventory in transit and Inventory sold in the ordinary course of business) at the places therefor specified in Section 3.1.1 or, upon 30 days' prior written notice to Agent, at such other places in a jurisdiction where all representations and warranties set forth in Article III (including Section 3.1.6) shall be true and correct, and all action required pursuant to the first sentence of Section 4.1.7 shall have been taken with respect to the Equipment and Inventory; (b) with respect to any Equipment or Inventory in the possession or control of any Third Party or any of Grantor's agents, notify such Third Party or agent of Agent's security interest in such Equipment or Inventory and, upon Agent's request following the occurrence and during the continuance of an Event of Default, direct such Third Party or agent to hold all such Equipment or Inventory for Agent's account and subject to Agent's instructions; (c) cause the Equipment to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual; and forthwith, or in the case of any material loss or damage to any of the Equipment, as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements in connection therewith which are necessary or desirable to such end; and promptly furnish to Agent a statement respecting any loss or damage to any of the Equipment within ten (10) business days after Grantor obtains knowledge of any such loss or damage; and (d) pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Equipment and Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with Generally Accepted Accounting Principles have been set aside.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Inventories All of the Assets constituting inventory are owned or used by Company, are in good, current, standard and merchantable condition and are not obsolete or defective.