Closed Order definition
Examples of Closed Order in a sentence
Supplies of COFICAB are mandatorily purchased through an order ("Order") that can be issued for a firm quantity and price according to delivery time and schedule specified by COFICAB ("Closed Order") or for a forecasted quantity of identified Supplies to be delivered over a specified time frame according to a delivery schedule specified by COFICAB ("Open Order").
Supply must always be the subject of a purchase order (the "Order"), valid either for an unlimited period of time (an "Open Order") or for a limited period of time (a "Closed Order").
The Purchase Orders may either be for an unlimited period of time ("Open Order") or for a limited period of time ("Closed Order").
Valeo may terminate an Open or Closed Order by giving three months notice through the most appropriate means.
Under a Closed Order all line items of such Order, including the Device, have been delivered and the sales price has been fully paid or invoiced, but the initial warranty period provided for in such Order has not yet expired.