Order Forecasts and Orders Clause Samples

Order Forecasts and Orders. (a) Order Forecast: The Parties have prepared the order forecast in Exhibit D to this Agreement based on the mutual understanding of the demand from ALRT distributors and the production capacity of MNFR. MNFR will meet and maintain the production capacity under Exhibit D for the Term of this Agreement in accordance with clause 14. Orders will become binding upon submission of a Purchase Order (defined below) by ALRT and confirmation by MNFR in accordance with clause 7(b). Adherence to the order forecast by both Parties is mandatory. The parties may amend the production capacity requirements by mutual agreement. (b) Order Submission Procedures: (ii) All Purchase Orders submitted must have a minimum 90 day lead-time as determined by that starting date of the Purchase Order being submitted and the date the CGM Systems can be picked up for shipment; (iii) All orders submitted by ALRT will be done by the issuance of a formal purchase order approved by a duly authorized representative of ALRT (the "Purchase Order”). The quantity and description of the CGM System shall be specified in the Purchase Order and such description shall conform with the Specifications in Exhibit B to this Agreement.; (iv) MNFR will require five (5) Business Days to provide a proforma invoice to ALRT to confirm the order quantity and delivery date. The quantity and the delivery date included wthin the Pro-Forma Invoice shall comply with the terms of the Purchase Order and the Agreement, unless otherwise mutually agreed to by the parties. (v) MNFR shall be under no obligation to supply additional quantities of in excess of binding purchase orders of ALRT, but if additional quantities are requested by ALRT, MNFR shall make best efforts to supply such additional quantities. All orders will be shipped FOB (Incoterms 2010) from MNFR’s manufacturing facilities or warehouses. Packing list and final invoice shall be sent fifteen (15) days before delivery All freight, insurance and other shipping expenses will be managed and paid by ALRT directly with the best-efforts cooperation of MNFR.