Initial Quantity Clause Samples
The Initial Quantity clause defines the specific amount of goods, services, or deliverables that a party is required to provide at the outset of a contract. Typically, this clause sets a baseline for the minimum or exact number of units to be supplied, which may be subject to adjustment in later stages of the agreement. By clearly establishing the starting quantity, the clause helps both parties align expectations and plan resources, thereby reducing the risk of disputes over delivery obligations.
Initial Quantity. Producer expects to purchase 1,500,000 bushels of Corn (the “Initial Quantity”) for delivery by ▇▇▇▇▇ ▇, ▇▇▇▇ (▇▇▇ “Projected Date of First Delivery”). Producer shall notify Cargill two (2) months in advance of the Projected Date of First Delivery of any revisions to the Initial Quantity or Projected Date of First Delivery, together with its anticipated need for Corn during the first six months of operations at the Ethanol Facility. To the extent that such origination activity is requested prior to the Effective Date, the terms and conditions of this Agreement shall apply to such origination activity notwithstanding the fact that Effective Date has not yet occurred.
Initial Quantity. Xcyte shall pay to Diaclone [*] within thirty (30) days of acceptance by Xcyte of the Initial Quantity. Such payments shall be non-refundable, except as set forth in Section 8.1(c).
Initial Quantity. Diaclone shall manufacture for Xcyte an initial quantity of [*] of purified bulk Licensed Antibody (the “Initial Quantity”).
Initial Quantity. (i) PAR’s good faith estimate of the initial quantity of GSK Supplied Product that GSK (or its Affiliate) shall supply PAR and its Affiliates is set forth on Schedule 4.2(d) hereto (the “Initial Quantity”). So as to allow GSK an appropriate opportunity to manufacture such Initial Quantity, the Initial Quantity [* * *]. GSK (or its Affiliate) shall deliver the Initial Quantity to PAR (pursuant to Section 4.2(c)(iv)) at least [* * *] days prior to the anticipated Launch Date.
(ii) Title to the Initial Quantity will remain with GSK until the Launch Date, and upon the Launch Date title to the Initial Quantity shall automatically transfer to PAR; [***]. [***] will store the Initial Quantity in one of its facilities until the Launch Date and shall not, directly or indirectly, make available, consign, transfer, sell or make available for sale (or any other conveyance whatsoever) the Initial Quantity until the Launch Date occurs. On the Launch Date, [***].
(iii) The Parties shall use their Commercially Reasonable Efforts to make all reasonable manufacturing preparations to enable GSK to be able to meet the obligations set forth in Section 4.2(d)(i) above, and as of the Execution Date, the Parties shall exercise their reasonable efforts, and shall co-operate with each other, to obtain all necessary certifications, permits and other registrations required pursuant to Applicable Law to enable GSK (or its Affiliate) to manufacture and supply, and PAR and its Affiliates to import/export, sell and distribute, the GSK Supplied Product pursuant to the provisions of this Agreement.