Ramp Down Clause Samples
A Ramp Down clause defines the process and conditions under which a party gradually reduces its obligations or activities under a contract, rather than ending them abruptly. Typically, this clause outlines a schedule or specific milestones for decreasing services, production, or deliveries over a set period. By providing a structured transition, the Ramp Down clause helps both parties plan for changes, minimize disruption, and manage resources effectively as the contract approaches its conclusion or a particular phase winds down.
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Ramp Down. Subject to the terms and conditions of the relevant Service Attachment, Company shall continue to provide the Services at the rates, charges, terms and conditions and Service Levels contained in this Agreement, on a month-to-month basis for a period not to exceed six (6) months after expiration of this Agreement (the “Transition Period”). During the Transition Period, no minimum purchase requirements, or termination liabilities shall apply. Minimum Volume Commitment: Customer agrees to pay Company no less than $25,000,000 in Contributing Charges during the Term (the “Minimum Volume Commitment “or “MVC”). Upon expiration of the Term/Service Terms, and during any month-to-month extension of the Agreement, Customer’s Contributing Charges, measured on a monthly basis, shall equal 1/36, or more, of the Minimum Volume Commitment in effect at the expiration of the Agreement (each, a “Monthly Minimum”).
Ramp Down. If Client elects to reduce the team size set forth in Exhibit B or in any Statement of Work, Client shall provide a “ramp-down” Notice in writing to GlobalLogic in the manner described in the table below; provided that, except for a termination of the Agreement pursuant to Section 9.3, Client shall not have the right to decrease the size of the Lab team until the one-year anniversary of the Effective Date: 1 – 5 30 6 – 20 60 20+ 90 Client may give Notice simultaneously in each bracket, to reduce the team gradually over time. In the event such Notice is not provided, and the team is reduced immediately, Client will be invoiced for 75% of what the billing for these individuals would be under the Statement of Work and for the duration of the Notice period. Except in the case of simultaneous Notices as permitted in this paragraph, Client may only provide one “ramp-down” notice in any given thirty (30) day period.
Ramp Down. If this Agreement is to be cancelled or terminated for any reason other than as provided in §6.2 or §6.3, and the parties fail to agree upon a replacement agreement pursuant to §6.8, the parties will negotiate in good faith the basis upon which the availability of Curtailments may be reduced in stages, to the extent practicable and upon terms which fairly compensates the Joint Venture for any related loss or cost.