Full Requirements Clause Samples
The Full Requirements clause obligates one party, typically the buyer, to purchase all of its needs for a specified product or service exclusively from the other party, usually the seller, during the contract term. In practice, this means the buyer cannot source the covered goods or services from any other supplier, and the seller must be prepared to meet the buyer’s total demand, which may fluctuate over time. This clause ensures exclusivity and predictability in the business relationship, preventing the buyer from seeking alternative suppliers and providing the seller with a guaranteed customer for the duration of the agreement.
Full Requirements. In performing its services of collecting, preserving and retrieving Specimens as provided herein, UNTHSC shall maintain such staff and facilities as may be necessary to meet the full requirements of GeneLink under this Agreement. The parties recognize that the program is a new venture and that it is not possible to predict accurately the volume of Specimens that may be received. The parties recognize that the success of GeneLink's program will depend, in part, on the ability of UNTHSC to process, and preserve and retrieve Specimens in whatever quantity GeneLink is able to produce. GeneLink will cooperate with UNTHSC in advising UNTHSC on the first and fifteenth of each month of the expected volume of Specimens, and UNTHSC shall be responsible for process, preserving and retrieving under this Agreement whatever quantity of Specimens is required by GeneLink to serve its Clients.
Full Requirements. 4.1 For each Account, beginning on the Start Date, Participant agrees to purchase and Supplier agrees to supply, by delivery to the Delivery Point, electric energy, capacity, ancillary services and all other products required to provide firm, full requirements retail Electricity (Full Requirements Electricity) for each Account during each Purchase Period. Supplier shall provide Participant’s total Electricity requirements at each Receipt Point. Supplier shall be responsible, only to the extent specifically accepted by Participant in a Pricing Confirmation or Transaction Confirmation, for all requirements and associated costs imposed on Competitive Suppliers by a relevant LDC or ISO-NE, or their successors, associated with the provision and delivery of such firm full requirements Electricity, except as provided in Section 4.3.
4.2 Supplier shall deliver the Electricity to Participant through its LDC(s). Although the Electricity supplied hereunder shall be firm, Supplier shall not be responsible for operation of the electric lines and systems or for any service interruptions, loss of service or deterioration of electric services caused by the LDC(s) and/or ISO- NE and/or transmission lines, equipment and systems.
4.3 Supplier shall be responsible for all nominations, balancing and any penalties and charges related thereto. For Accounts subject to any applicable Section 5.5 Price Options, Energy needed to balance Participant’s hourly loads will be subject to such pricing as described therein. Supplier shall also be responsible for all transmission, distribution and other charges required to deliver Electricity up to the Delivery Point. Participant shall be responsible for Delivery Charges imposed by the LDC at and after the Delivery Point.
Full Requirements. In performing its services of collecting, preserving and retrieving Specimens as provided herein, UNTHSC shall maintain such staff and facilities as
Full Requirements. The ▇▇▇▇▇ Mountain Lake Water Facility shall use its best efforts to furnish to the Parties their full requirements of potable water; provided, however, that its obligations shall be limited to the amount of water available from the SMLWTP. The Parties shall maintain their respective Water Systems in accordance with all applicable laws and regulations in order to facilitate the transmission of water to them.