Minimum Quarterly Commitment Sample Clauses
The Minimum Quarterly Commitment clause requires a party, typically a buyer or licensee, to purchase or commit to a specified minimum quantity of goods or services within each calendar quarter. This obligation ensures that the supplier or service provider receives a predictable level of business, regardless of actual demand fluctuations. By establishing a baseline for transactions, the clause protects the provider from revenue shortfalls and helps both parties plan resources and inventory more effectively.
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Minimum Quarterly Commitment. During each Calendar Quarter, pursuant to the terms and conditions of this Agreement, the Schedule and the applicable Tariff, if any, Shipper shall tender (or otherwise pay for transportation services with respect to, as contemplated by the Schedule), at one or more Origin Points, volumes of Products equal to the applicable Minimum Quarterly Commitment.
Minimum Quarterly Commitment. During each Calendar Quarter, pursuant to the terms and conditions of this Agreement and the Schedule, Customer shall throughput (or otherwise pay for terminal services with respect to, as contemplated by the Schedule), volumes of Products equal to the applicable Minimum Quarterly Commitment.