Minimum Supply Sample Clauses
The Minimum Supply clause establishes a baseline quantity of goods or services that a supplier is obligated to provide under a contract. Typically, it specifies a set number of units or a minimum volume that must be delivered within a defined period, regardless of fluctuations in demand or other circumstances. This ensures that the buyer can rely on a consistent supply and protects against shortfalls, thereby reducing the risk of operational disruptions due to insufficient delivery.
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Minimum Supply. ▇▇▇▇▇▇ shall ensure that Husker Ag maintains a minimum of four days’ supply of Grain in storage at the Plant at all times.
Minimum Supply. Meuret shall maintain a minimum of four days' s▇▇▇▇▇ of Grain in storage at the Plant at all times.
Minimum Supply. In each quarter from the date hereof, IMEX shall supply Rock at least that quantity of IMEX Products that is equal in value to the quarterly amount due under the Note, or the Total Quarterly Invoice Amount for KMI Product shipped to IMEX during that quarter, whichever is lower. For the purposes of this section, the value of IMEX Product supplied shall be the Total Quarterly Invoice Amount for IMEX Product during the quarter. To facilitate verification of IMEX's supply obligation, no later than 15 days from the end of each quarter during the term of this Agreement, IMEX shall provide Rock and KMI copies of all invoices for product shipped during that quarter, together with a statement of credits for defective IMEX Product.
Minimum Supply. 3.1.1 Buyer shall purchase from Supplier, and Supplier agrees to sell to Buyer, Product in accordance with the terms and conditions set forth herein. Buyer shall purchase from Supplier Products totaling at least the minimum dollar volumes specified in Exhibit B hereto for each Contract Year (the “Yearly Order Total”).
3.1.2 If Buyer fails to meet the Yearly Order Total for any Contract Year, Supplier shall permit Buyer to (a) place a purchase order for Product in an amount sufficient for Buyer to meet the Yearly Order Total for such Contract Year (the “Catch-Up Order”), or (b) make a payment to Supplier for the difference in Product supplied and the Yearly Order Total, provided that such Purchase Order or payment will not operate to reduce the Yearly Order Total for any following Contract Year. If Buyer places a purchase order as provided for in this Section 3.1.2 or makes a payment to Supplier for such shortfall as provided for in this Section 3.1.2, Buyer shall be deemed to have met the Yearly Order Total for the applicable Contract Year.
3.1.3 If Buyer fails to meet the Yearly Order Total for any Contract Year during the Term as set forth on Exhibit B, and Buyer does not place a Catch-Up Order within the time period provided for in Section 3.1.2 or make a payment for such shortfall as provided for in Section 3.1.2, then the exclusive license grant set forth in Section 2.1.1(b) shall convert to a non-exclusive license grant for such products as set forth on Exhibit B and the exclusivity provision set forth in Section 6.1.3(a) shall no longer apply to Supplier.
Minimum Supply. In view of the fact that Aviron [***] purchase [***] Product units under the Agreement in connection with [***], BD agrees to supply at least [***] Product units in connection with such [***] and in the event [***] at least [***] Product units, [***] a [***] of [***] for each Product unit [***]. BD's [***] shall [***] of this Agreement. The [***] shall be [***] for the [***], and Aviron [***] of the Product units supplied by BD.
Minimum Supply. Subject to successful validation of the API Manufacturing process by Supplier, and subject to Purchaser receiving FDA Regulatory Approval for the Finished Drug Product, Purchaser shall purchase no less than [***] percent ([***]%) of its total purchases of API from Supplier for the three (3) year period commencing on the date of FDA Regulatory Approval of the Finished Drug Product. The Parties understand and agree that API purchased by Purchaser for qualifying and validating secondary API Manufacturers is not subject to the terms of this Section 5.8.
Minimum Supply. In each quarter from the date hereof, IMEX shall place orders for, and KMI shall supply IMEX at least that quantity of KMI Products so that the Total Quarterly Invoice Amount for KMI Product is equal (as nearly as possible) to the quarterly payment due under the Note. To facilitate verification of KMI's supply obligation, no later than 15 days after the end of each quarter during the term of this Agreement, KMI shall provide Rock and IMEX copies of all invoices for product shipped during that quarter, together with a statement of credit given for any defective KMI Product.
Minimum Supply. In each quarter from the date hereof, IMEX shall supply Rock at least that quantity of IMEX Products that is equal in value to the quarterly amount due under the Note. For the purposes of this section, the value of IMEX Product supplied shall be the Total Quarterly Invoice Amount for IMEX Product during the quarter. To facilitate verification of IMEX's supply obligation, no later than 15 days from the end of each quarter during the term of this Agreement, IMEX shall provide Rock copies of all invoices for product shipped during that quarter, together with a statement of credits for defective IMEX Product.