Minimum Order Requirement definition
Examples of Minimum Order Requirement in a sentence
Any Firm Order may be amended only by mutual agreement of the Parties and such amendments shall not affect the Minimum Order Requirement.
The quantity of each Product specified in any Firm Commitment for delivery to, and purchase by, Purchaser in any calendar quarter shall not be less than 80% of the quantities forecasted for such quantities when it was the applicable Firm Forecast (the "Minimum Order Requirement").
If Buyer fails to order from Seller an amount, which is equal to or greater than the Minimum Order Requirement for such calendar year, then Seller may, in addition to any other rights it has under this Agreement, terminate the Agreement on thirty (30) business days’ written notice to Buyer.
Firm Orders may be amended only by mutual agreement of the Parties and such amendments shall not affect the Minimum Order Requirement.
In the event of termination of this Agreement or any Services or Drug Product(s) pursuant to Section 13.3(a) or 13.3(h) above by Client, Client shall pay Company any balance remaining of any Minimum Order Requirement (as set forth in Section 4 for API and Section 5 for Drug Product) in the same manner as set forth herein.
In the event of termination by AAIPharma pursuant to Section 9.2(a), (b), or (c) above, Company shall pay AAIPharma any balance remaining of the Minimum Order Requirement in the same manner as set forth in Section 4.2(c) in the case of a failure to order and purchase the Minimum Order Requirement in any calendar quarter.
Firm Orders may be amended only by mutual agreement of the parties and such amendments shall not affect the Minimum Order Requirement.
Note: as stated above: Minimum Order Requirement: There is no minimum order requirement.
In the event that any Minimum Order Requirement is not met, then Manufacturer may terminate this Agreement without any notice.
The Minimum Order Requirement, and any adjustment thereto, shall be in writing and executed by the Parties to this Agreement and shall be deemed incorporated by reference herein.