Common use of Order Acknowledgment Clause in Contracts

Order Acknowledgment. An Order will be deemed to have been placed as of -------------------- the date of receipt of the Order by Foundry. Foundry will promptly confirm the receipt of an Order through facsimile or electronically to HP by the end of the next working day following receipt of the order by Foundry. Orders within Forecasts and Lead Time requirements of this Agreement will be deemed accepted upon receipt by Foundry. For Orders exceeding Forecast, Foundry will have two (2) additional working day in which to reject or acknowledge the order with respect to the excess.

Appears in 2 contracts

Sources: Oem Purchase Agreement (Foundry Networks Inc), Oem Purchase Agreement (Foundry Networks Inc)