Open Zone definition
Examples of Open Zone in a sentence
Product quantities forecasted for the last [**] months of an Ongoing Forecast (the "Open Zone") are deemed to be open as they relate to the quantities of Products to be ordered and Purchaser is not committed to same.
The Parties acknowledge and agree that the requirements specified in the Open Zone of an Ongoing Forecast are for the purposes of Supplier's internal scheduling and planning only and Purchaser shall not be responsible for any costs of Materials procured or other expenses incurred by Supplier for the purpose of meeting the requirements specified in the Open Zone, unless related to Long Lead Time Materials as referenced in Section 4.2(d) or agreed to by both Parties in writing.
Each Ongoing Forecast shall provide delivery dates for each Firm Zone (as defined in Section 4.2(a) hereof), in addition to quantity and purchase order specifics for the Firm Zone, the Material Zone and the Open Zone.
Each Ongoing Forecast shall provide Delivery dates for each Firm Zone (as defined in Section 4.2(a)), in addition to quantity and purchase order specifics for the Firm Zone, the Material Zone and the Open Zone.