Common use of Minimum Commitments Clause in Contracts

Minimum Commitments. To the extent that the Plan for a Granted Country includes a minimum commitment, and such minimum commitment is not achieved within the specified time period, NeoVenta will be required to purchase from SenesTech an amount necessary to reach the minimum commitment within 60 days of the end of period in question. Failure to purchase any minimum commitment will be deemed a material breach of this agreement and will result in such Granted Country being removed from Appendix A and ceasing to be treated as a Granted Country. So long as good faith efforts are made to market within a given Granted Country, deficiencies in meeting minimum commitments in said Granted Country may be made up by purchases in another Granted Country in excess of its minimum commitment.