Minimum Effective Date definition
Examples of Minimum Effective Date in a sentence
The initial term and any renewal terms are referred to herein as the “Term.” Each consecutive 12-month period beginning on the date of the Minimum Effective Date is referred to as a “Contract Year.” 23.2. Termination by Company.
Notwithstanding anything to the contrary herein, in the event this Agreement is terminated by Company without cause within the first [*]post Minimum Effective Date, Company shall remain obligated to purchase (i) the amounts of Product set forth in any Orders and Binding Forecasts, and (ii) the remaining [*] Minimum volume for [*] through [*] set forth in this Agreement as applicable, and (iii) Company shall pay Supplier [*]% of the value of the [*] Minimums for [*] and [*].
The initial term of this Agreement shall commence on the Effective Date and continue thereafter until the seventh anniversary of the date of the Minimum Effective Date, unless it earlier terminates as set forth below.
In the event this Agreement is terminated by Company without cause after the first [*] post Minimum Effective Date, Company shall remain obligated to purchase (i) the amounts of Product set forth in any Orders and Binding Forecasts, and (ii) the minimum volumes during the notice period, and (iii) Company shall pay Supplier [*]% of the value of the remaining [*] Minimums for [*] and [*].