Minimum Order Quantity definition
Examples of Minimum Order Quantity in a sentence
In the event Medtronic has a reasonable basis to reject any Purchase Order (e.g., the Purchase Order does not comply with the terms of this Agreement or exceeds any applicable Minimum Order Quantity), Medtronic will so inform Purchaser, and the Parties will work together to modify such Purchase Order accordingly.
Medtronic may produce and hold inventory of the Product pending receipt of Purchase Orders; provided any warehousing and/or carrying costs related to extended storage of Products due to Purchaser’s failure to place Purchase Orders consistent with the applicable Minimum Order Quantity shall be at MiniMed’s cost and expense.
Forecast delivery requirements and the Minimum Order Quantity for each Product are as set forth on each Project Order.