Common use of Product Forecasts Clause in Contracts

Product Forecasts. During the first week of each month during the Term, Buyer will issue by facsimile to Seller a thirteen (13) week forecast of its Product requirements (the “Product Forecast”). The quantities and types of Products indicated in each Product Forecast represent the number of units of each Product that Buyer requests to be delivered to Buyer during the stated week. The quantities and types of Products forecasted to be delivered within six (6) weeks or less from the date of receipt of each Product Forecast shall be firm and may not be modified by Buyer. The rest of the Product Forecast is non-binding and for planning purposes only.

Appears in 2 contracts

Sources: Supply Agreement, Supply Agreement (Cree Inc)