Common use of Maximum and Minimum Quantities Clause in Contracts

Maximum and Minimum Quantities. Notwithstanding anything to the contrary herein, unless otherwise agreed in writing by PRAECIS, in no event shall PRAECIS be obligated to deliver quantities of Licensed Products during any calendar quarter which exceed in the aggregate 120% of the Binding Estimate previously provided by Synthelabo with respect to such calendar quarter. Subject to the immediately preceding sentence, PRAECIS shall be obligated to supply Licensed Products in an amount not less than 90% of the amount of Licensed Products set forth in purchase orders submitted by Synthelabo pursuant to and in accordance with the terms of Section 3.6.

Appears in 3 contracts

Sources: License Agreement (Praecis Pharmaceuticals Inc), License Agreement (Praecis Pharmaceuticals Inc), License Agreement (Praecis Pharmaceuticals Inc)