Common use of Quantity Requirements Clause in Contracts

Quantity Requirements. No later than the fifth (5th) business day of each month, Customer will provide Supplier with a rolling six (6) month Product quantity requirement (“Quantity Requirement”). The initial Quantity Requirement and the rolling Quantity Requirement shall represent Customer’s estimate of anticipated future purchases of Products and shall not, except as otherwise provided in this paragraph 2.1 and paragraphs 2.2 and 2.4, constitute or create the obligation of Customer to purchase the quantities of Product in the initial Quantity Requirement schedule. The initial Quantity Requirement and rolling Quantity Requirement are provided to give information to Supplier to be used for planning purposes only. Customer shall not be obligated to purchase Products that Supplier chooses to produce in advance of receiving a purchase order for such Product. Notwithstanding anything in this Agreement to the contrary, the Customer’s initial Minimum Annual Guaranteed Quantity Requirement is attached hereto as Appendix II, and represents a firm and binding commitment by Customer to purchase, and by Supplier to supply, Products in the quantities set forth on such Appendix II.