Common use of Forecasts Orders Clause in Contracts

Forecasts Orders. The first seven (7) months of each Master Production Plan, as established by the Forecasting Subcommittee, shall be deemed to be a binding, non- cancellable purchase order for Product and placebo dispensers and shall be accompanied by any other information required under Section 5.1(c) (the “Purchase Order”). The following seventeen (17) months of the Master Production Plan shall be the Forecasting Subcommittee’s non-binding, good faith estimate of such requirements based on sales and forecasted demand for Product and placebo dispensers (“Non-Binding Commitment”).‌

Appears in 1 contract

Sources: License and Supply Agreement

Forecasts Orders. The first seven (7) months of each Master Production Plan, as established by the Forecasting Subcommittee, shall be deemed to be a binding, non- non-cancellable purchase order for Product and placebo dispensers and shall be accompanied by any other information required under Section 5.1(c) (the “Purchase Order”). The following seventeen (17) months of the Master Production Plan shall be the Forecasting Subcommittee’s non-binding, good faith estimate of such requirements based on sales and forecasted demand for Product and placebo dispensers (“Non-Binding Commitment”).‌Commitment”).

Appears in 1 contract

Sources: License and Supply Agreement (Aytu Bioscience, Inc)