Year Forecast Sample Clauses
The Year Forecast clause requires one or both parties to provide an estimate of expected activities, quantities, or financial figures for the upcoming year. Typically, this involves submitting a forecast of anticipated orders, sales, or resource needs within a specified timeframe, which may be updated periodically as circumstances change. The core function of this clause is to facilitate planning and resource allocation, helping both parties anticipate demand and manage supply chain or operational commitments more effectively.
Year Forecast. If Buyer’s Mid-Year Demand Forecast is less than Buyer’s Product allocation for the applicable six month period pursuant to Section 1.2, then during the term of the AUO Supply Agreement, the JVC shall deliver notice to AUO that it may subscribe to purchase the SPSW Unsubscribed Mid-Year Forecast with respect to such six month period. AUO shall confirm in writing within 7 days whether it will purchase all or a portion of the SPSW Unsubscribed Mid-Year Forecast with respect to the following six months. If AUO’s Product demand for the last six months of any year (the “AUO Mid-Year Demand Forecast”) pursuant to the AUO Supply Agreement is less than AUO’s Product allocation for such six period pursuant to the AUO Supply Agreement, then during the term of this Agreement, the JVC shall deliver notice to Buyer that it may subscribe to purchase the difference between such Product allocation and the AUO Mid-Year Demand Forecast (the “AUO Unsubscribed Mid-Year Forecast”) with respect to the applicable six month period of such AUO Mid-Year Demand Forecast. Buyer shall confirm in writing within 7 days whether it will purchase all or a portion of the AUO Unsubscribed Mid-Year Forecast with respect to the following six months.
Year Forecast. Any and all auditor’s amended certificates of estimated resources.