Minimum Required Quantity (MRQ Clause Samples
The Minimum Required Quantity (MRQ) clause establishes the lowest amount of goods or services that a buyer is obligated to purchase from a seller under a contract. Typically, this clause specifies a set number of units or a monetary value that must be met within a defined period, such as annually or over the contract term. For example, a distributor may be required to order at least 1,000 units per year to maintain exclusivity. The core function of the MRQ clause is to provide the seller with a guaranteed baseline of sales, reducing uncertainty and helping with production planning and resource allocation.
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Minimum Required Quantity (MRQ. Minimum Required Quantity" shall be cumulative quantity @ [ Quantity of coal determined in Standard Tonne equivalent to ACQ x 0.8 ÷ 365 ] of Coal per day in an Operating Year upto the relevant day from the beginning of such Operating Year, and the Daily Minimum Required Quantity (DMRQ) shall be [ Quantity of coal determined in Standard Tonne equivalent to ACQ x 0.8 ÷ 365 ].
