Semi-Binding Forecasts Sample Clauses
A Semi-Binding Forecasts clause establishes that forecasts provided by one party regarding future orders or requirements are not fully binding but carry some level of commitment. Typically, this means that while the forecasts do not obligate the buyer to purchase the exact quantities projected, they may require the buyer to purchase a minimum percentage or allow the supplier to rely on the forecasts for planning production and inventory. This clause helps balance flexibility for the buyer with a degree of predictability for the supplier, reducing the risk of overproduction or under-supply.
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Semi-Binding Forecasts. The forecast for the [...***...] calendar months (the "Semi-Binding Period") in each Product Forecast shall include the requested delivery dates during the Semi-Binding Period ("Semi-Binding Forecast"). Licensee may revise the quantity stated in and the timing of a Semi-Binding Forecast in subsequent Product Forecasts, provided, that such revision to a Semi-Binding Forecast for a given calendar month (whether increase or reduction) may not in any circumstances exceed [...***...] ("Agreed Tolerance") from the quantity first specified in a Semi-Binding Forecast for such calendar month.
Semi-Binding Forecasts. Quantities forecast in a Semi-Binding Forecast may not be (i) reduced or increased by more than the Agreed Tolerance or (ii) accelerated or delayed without the written consent of Allergan.
Semi-Binding Forecasts. The forecast for the [redacted in accordance with Section 12.2(3) of National Instrument 51-102] calendar months (the “Semi-Binding Period”) in each Product Forecast shall include the requested delivery dates during the Semi-Binding Period (“Semi-Binding Forecast”). Licensee may revise the quantity stated in and the timing of a Semi-Binding Forecast in subsequent Product Forecasts, provided, that such revision to a Semi-Binding Forecast for a given calendar month (whether increase or reduction) may not in any circumstances exceed [redacted in accordance with Section 12.2(3) of National Instrument 51-102] (“Agreed Tolerance”) from the quantity first specified in a Semi-Binding Forecast for such calendar month.