Reduced Quantity Sample Clauses
The Reduced Quantity clause allows one party, typically the buyer, to decrease the amount of goods or services ordered under a contract without breaching the agreement. In practice, this clause sets out the conditions under which quantities can be reduced, such as providing advance notice or adhering to minimum order thresholds. Its core function is to provide flexibility for the buyer to adjust their requirements in response to changing needs, while also protecting the seller by establishing clear procedures and limits for such reductions.
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Reduced Quantity. Seller shall reduce the quantity of any Service provided hereunder upon 14 days' prior written notice from Lead Purchaser. Any requested reduction of a Service pursuant to this Section 3.4 shall become effective at the end of such 14 day notice period (the last day of such period, the "Services Reduction Date"). As of the Services Reduction Date, the Fees payable with respect to such Service shall be reduced proportionately in accordance with the fee schedule set forth on the applicable Service Schedule with respect to such Service. As of the Services Reduction Date, the applicable Service Schedule shall thereafter be deemed amended to reflect the reduction of such Service.