MINIMUM QUANTITY REQUIREMENT Clause Samples

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MINIMUM QUANTITY REQUIREMENT. The Distributor agrees that it will purchase the following quantities per year to maintain its exclusive rights during the term of this agreement: 5,000 units per month for the whole Territory. In the event that Distributor fails to purchase 5,000 units in any one month, the rights under Sections 1.1 and 1.2 above shall become non-exclusive. However, if Distributor purchases 60,000 units of the Product in the first 12 months after execution of this Agreement, the term will continue for another year as set forth in Section 4 above. [*]. Distributor will start running the TV commercials and introduce the Product to Retailers. If sales of the initial 5,000 Unit order (the “Initial Order”) are satisfactory Distributor will place a new purchase order for 5,000 units of the Product as per the Terms of this Agreement. [*].
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MINIMUM QUANTITY REQUIREMENT. Subject to Paragraphs 4 and 7, Supplier shall be obligated to sell to Customer and Customer shall be obligated to purchase from Supplier, pursuant to the terms and conditions of this Agreement, but only out of and subject to Customer's "Requirements", as defined below, for each calendar year during the term of this Agreement ("Contract Year"), the greater of (i) 430,000,000 pounds of Products, or (ii) fifty (50%) percent of such Requirements, provided that if Customer's Requirements for any Contract Year shall be less than 430,000,000 pounds of Products, then Customer shall be obligated to purchase from Supplier 100% of Customer's Requirements for Products during such Contract Year. The amount of Products described in the preceding sentence of this Paragraph 2 is hereinafter referred to as the "Minimum Quantity." The obligations of Supplier and Customer pursuant to this Paragraph 2 are subject to the following:
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Related to MINIMUM QUANTITY REQUIREMENT

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Quality Requirements Performance Indicator Heading Indicator (specific) Threshold Method of Measurement Frequency of monitoring Consequence of Breach

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.