Common use of Minimum Stock Clause in Contracts

Minimum Stock. ‌ 5.1 At the beginning of the Purchase Period, the Supplier shall have a minimum stock of the Products corresponding to at least three months' consumption based on the estimate for the Purchase Period stated in Appendix 1 at the conclusion of the Agreement, see clause 4. Additional stock requirements are set out in clause 13. 5.2 In the course of the first month of the Purchase Period, the stock may only be reduced by the number of Products purchased in the period, and the Supplier shall maintain an appropriate stock as described in clause 13.1. After the first month of the Purchase Period, the Supplier shall continue to maintain an appropriate stock as described in clause 13.1, but beyond that, there are no longer requirements for a specific stock level of a minimum size fixed in advance.

Appears in 1 contract

Sources: Framework Agreement

Minimum Stock. 5.1 At the beginning of the Purchase Period, the Supplier shall have a minimum stock of the Products corresponding to at least three months' consumption based on the estimate for the Purchase Period stated in Appendix 1 at the conclusion of the Agreement, see clause 4. Additional stock requirements are set out in clause 13. 5.2 In the course of the first month of the Purchase Period, the stock may only be reduced by the number of Products purchased in the period, and the Supplier shall maintain an appropriate stock as described in clause 13.1. After the first month of the Purchase Period, the Supplier shall continue to maintain an appropriate stock as described in clause 13.1, but beyond that, there are no longer requirements for a specific stock level of a minimum size fixed in advance.

Appears in 1 contract

Sources: Framework Agreement