Common use of Mandatory Requests Clause in Contracts

Mandatory Requests. (a) Supplier acknowledges that ▇▇▇▇ Atlantic shall be entitled to fund annually up to [**********************] of custom Software development for access products or applications ("Custom Software") and that ▇▇▇▇ Atlantic may require Company to develop Custom Software for up to this limit. Company agrees to immediately provide written notification to Supplier if any such development work requires the resources of Supplier. ▇▇▇▇ Atlantic, Company, Supplier and ▇▇▇▇ Atlantic shall mutually agree on the requirements, Headcount Years, and delivery schedule of such development, with the goal being to commence such development work within [**************] of ▇▇▇▇ Atlantic's request. Also depending on the scope and nature of such development work, Supplier's goal will be to complete such development work within [************] of ▇▇▇▇ Atlantic's request and shall, in all events, seek to finish such development work within a commercially reasonably time period. (b) Prior to Supplier commencing to such development work, Company and Supplier will negotiate in good faith the fees to be paid to Supplier. Such fees shall be based on the agreed to scope and nature of the required development work and the desired schedule. In no event, however, shall the fees payable to Supplier for any such work [**************************************************************] may be adjusted in December of each calendar year up to the amount of any change in the Producer Price Index for Telecommunications Systems, Custom Software Development during the preceding twelve (12) month period.

Appears in 1 contract

Sources: Agreement LGC A65 D (Broadband Technologies Inc /De/)

Mandatory Requests. (a) Supplier acknowledges that ▇▇▇▇ Atlantic shall be entitled to fund annually up to [**********************] * shall be entitled to fund annually up to 10 Headcount Years of custom Software development for access products or applications ("Custom Software") and that ▇▇▇▇ Atlantic ******************* may require Company to develop Custom Software for up to this limit. Company agrees to immediately provide written notification to Supplier if any such development work requires the resources of Supplier. ▇▇▇▇ Atlantic**************, Company, Company and Supplier and ▇▇▇▇ Atlantic shall mutually agree on the requirements, Headcount Years, Years and delivery schedule of such development, with the goal being to commence such development work within [three months of **************] of ▇▇▇▇ Atlantic's * request. Also depending on the scope and nature of such development work, Supplier's goal will be to complete such development work within [six months of ******** ************] of ▇▇▇▇ Atlantic's * request and shall, in all events, seek to finish such development work within a commercially reasonably reasonable time period. (b) Prior to Supplier commencing to such development work, Company and Supplier will negotiate in good faith the fees to be paid to Supplier. Such fees shall be based on the agreed to scope and nature of the required development work and the desired schedule. In no event, however, shall the fees payable to Supplier for any such work [exceed ****** *********************************** for each Headcount Year. This **************************************************************] * limitation may be adjusted in December of each calendar year up to the amount of any change in the Producer Price Index for Telecommunications Systems, Custom Software Development during the preceding twelve (12) -month period.

Appears in 1 contract

Sources: Supply Agreement (Broadband Technologies Inc /De/)