Common use of MINIMUM ORDER QUANTITY Clause in Contracts

MINIMUM ORDER QUANTITY. Upon termination of this Agreement, completion of any purchase order, or cessation of Customer's demand for any Component, Customer shall pay Customer's resale price for all Excess Components. Excess Components shall mean those Components specified by Customer which: (i) are in Arrow's or Subcontractor's possession on the referenced date of termination, completion or cessation of demand; (ii) were procured by Arrow as a result of minimum order quantities for such Components established by their Supplier; and (iii) cannot be returned to their Supplier or otherwise utilized to fulfill any other Customer purchase order. Once each month Arrow shall provide Customer with a listing of all such goods.