Common use of Minimum Purchases Clause in Contracts

Minimum Purchases. 8.1 The minimum purchases to be made by Dealer during each twelve (12) month period of the Term of this Agreement, commencing with the first (1st) twelve (12) month period of the Term, are as follows: (a) Accepted orders for four hundred (400) units during the first twelve months of the Term. (b) Accepted orders for six hundred (600) units during the second twelve month period of the Term or Extended Term. (c) Accepted orders for eight hundred (800) units during the third twelve month period of the Term or Extended Term. (d) Thereafter, the minimum number of accepted orders shall increase by five (5) percent for each twelve month period of the Term or Extended Term. 8.2 Either party shall be entitled to terminate this Agreement as provided in Article 11 in the event that the quantity of Products ordered from Dealer in Territory has not reached the target as set forth above, during each period. 8.3 Corporation's Products shall not constitute less than five percent (5%) of the total annual sales of the Dealer during each year of the Term beginning in the second year. Ciralight Global, Inc. Non-Exclusive Dealer Agreement