Quantities and Prices After 1996 Sample Clauses

Quantities and Prices After 1996. In the event that UNIMED fails to place an order for any of the remaining calendar years hereunder of the initial term (i.e., 1997, 1998 and 1999), or any extension thereof, for at least XXXXXXXXXXXX of product, UNIMED shall pay to NORAC an amount equal to the difference between XXXXXXXXXXXXXXXXX made by NORAC on product sold to UNIMED during the preceding calendar year). In such event, NORAC shall inform UNIMED of the shortfall, and UNIMED shall pay such amount to NORAC not later than December 31 of such year. Notwithstanding the foregoing sentence, UNIMED shall not be obligated to reimburse NORAC for any shortfall below XXXXXXXXXXXX if (i) the shortfall is due to an allotment of the Drug Enforcement Administration (the "DEA") for such lesser amount, and (ii) UNIMED has used its commercially reasonable efforts to assist NORAC and Banner (or such other packaging company engaged by UNIMED) in obtaining a DEA allotment of XXXXXXXXXXXX or more. UNIMED acknowledges and agrees that NORAC's estimated current capacity for manufacture of the product is XXXXXXXXXXXXXX, and that NORAC may be unable to accommodate, and UNIMED shall not place, orders in excess of that capacity or in excess of amounts permitted under applicable laws and regulations (including, but not limited to, DEA regulations and orders). The order for any given year shall be placed with NORAC by July 1 of the preceding year and the estimated delivery date of such order shall be no later than December 31 of the year for which ordered (e.g., the order for 1997 shall be placed by July 1, 1996 and the estimated delivery date shall be December 31, 1997.) The price for the product shall be the base purchase price set forth in Section 1.1 with the adjustment provided for in Section 1.3.
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Quantities and Prices After 1996 

Related to Quantities and Prices After 1996

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