New Territory definition
Examples of New Territory in a sentence
For Outlets which are part of Distributor’s New Territory, MEC shall pay Distributor in accordance with the formula set forth in Section 14 for the number of cases of Products sold directly by MEC to such Outlets, less the number of cases of Products set forth above.
Subject to the terms and conditions of this License Agreement, Vendor shall have the right to enter into distribution agreements with Approved Distributors for the distribution (but not the manufacture) of the Licensed Products in the New Territory.
If and to the extent Manufacturer determines that, absent additional capital expenditures, it will be unable to fulfill Purchaser’s demand for Product resulting from an increase in the Rolling Forecast due to supply requirements for Product for a New Territory (a “New Territory Amount”), Manufacturer shall provide prompt written Notice to Purchaser if it determines that it will not make such capital expenditures.
A Notice of Intention shall include a statement that (i) the Company is considering entering and operating the Business in a New Territory and (ii) the estimated timeframe for commencement of operations in the New Territory.
Purchaser may then elect, in its sole discretion, to Manufacture the New Territory Amount at a Back-Up Manufacturer by providing written Notice thereof to Manufacturer, and in such case, Purchaser shall (A) purchase from Manufacturer the then-current Product quantities for the applicable Firm Order Period that Manufacturer is to Manufacture in accordance with the terms of this Agreement, other than any New Territory Amount, and (B) purchase from the Back-up Manufacturer any New Territory Amount.