Subsequent Orders. After the Initial Order for 2,000 Terminals ordered hereunder have been purchased, orders for additional Terminals shall be in writing and shall specify arrival dates of not less than 10 weeks from delivery of the order to Micronet. Micronet may, by written notification delivered to Teletrac within 10 working days of Micronet Receipt of a subsequent order, elect not to fill the subsequent order. If Micronet does not notify Teletrac of its election to not fill the subsequent order, the order shall be filled as described in this paragraph 1.3 and in accordance with the other terms of this Agreement. All subsequent orders shall be for at least 1000 Terminals per order. The prices set forth in paragraph 3.1 shall apply to subsequent orders, but shall be subject to an annual increase on each anniversary of the effective date of this Agreement, in an amount equal to the increase in the U.S. Consumer Price Index ("CPI") over the prior 12-month period. Micronet shall use its reasonable efforts to expeditiously fill subsequent orders.
Appears in 1 contract
Sources: Mobile Data Terminal Purchase Agreement (Teletrac Inc /De)
Subsequent Orders. After the Initial Order for 2,000 **** Terminals ordered hereunder have been purchased, orders for additional Terminals shall be in writing and shall specify arrival dates of not less than 10 weeks from delivery of the order to Micronet. Micronet may, by written notification delivered to Teletrac within 10 working days of Micronet Receipt of a subsequent order, elect not to fill the subsequent order. If Micronet does not notify Teletrac of its election to not fill the subsequent order, the order shall be filled as described in this paragraph 1.3 and in accordance with the other terms of this Agreement. All subsequent orders shall be for at least 1000 **** Terminals per order. The prices set forth in paragraph 3.1 shall apply to subsequent orders, but shall be subject to an annual increase on each anniversary of the effective date of this Agreement, in an amount [****Omitted and Filed Separately With the Commission Pursuant to a Request for Confidential Treatment.] equal to the increase in the U.S. Consumer Price Index ("CPI") over the prior 12-month period. Micronet shall use its reasonable efforts to expeditiously fill subsequent orders.
Appears in 1 contract
Sources: Mobile Data Terminal Purchase Agreement (Teletrac Inc /De)