Common use of The Specification Clause in Contracts

The Specification. Supplier shall accept all Orders that are placed consistent with Buyer’s Forecasts and otherwise in accordance with the lead-times as agreed by the Parties. In the event that Supplier is unable to meet the delivery date set forth in an Order because the demand under the Order exceeds the previously Forecasted demand or if within the Forecast but the delivery date is shorter than the lead-time, the Parties shall negotiate in good faith to resolve the matter. Supplier will accommodate Orders that are within 25% of the previously Forecasted demand.

Appears in 5 contracts

Sources: Terms and Conditions for the Purchase of Works, Standard Terms and Conditions for the Purchase of Goods and Services, Standard Terms and Conditions for the Purchase of Goods and Services

The Specification. Supplier shall accept all Orders that are placed consistent with Buyer’s Buyer‟s Forecasts and otherwise in accordance with the lead-times as agreed by the Parties. In the event that Supplier is unable to meet the delivery date set forth in an Order because the demand under the Order exceeds the previously Forecasted demand or if within the Forecast but the delivery date is shorter than the lead-time, the Parties shall negotiate in good faith to resolve the matter. Supplier will accommodate Orders that are within 25% of the previously Forecasted demand.

Appears in 1 contract

Sources: Purchase Agreement