Reduced Demand definition
Reduced Demand means a reduction in such initial Demand, either for the Cartridges and the Pens, or for the Finished Products, for the Fixed Period and the Flexible Period combined, as set forth in the Forecast(s) applicable after (but, as provided, to be issued by Radius to ▇▇▇▇▇▇ prior to) the end of the Market Launch Phase, and each calendar year thereafter, which is more than the greater of [*]or[*], compared to the Demand under (as measured by) the Purchase Orders, either for the Cartridges and the Pens, or for the Finished Products, actually placed during the [*]covered by such Fixed Period and Flexible Period combined, to be reconciled once [*] in which such [*] ends.
Reduced Demand means a reduction in such initial Demand, either for the Cartridges and the Pens, or for the Finished Products, for the Fixed Period and the Flexible Period combined, as set forth in the Forecast(s) applicable after (but, as provided, to be issued by Radius to Vetter prior to) the end of the Market Launch Phase, and each calendar year thereafter, which is more than the greater of [*]or[*], compared to the Demand under (as measured by) the Purchase Orders, either for the Cartridges and the Pens, or for the Finished Products, actually placed during the [*]covered by such Fixed Period and Flexible Period combined, to be reconciled once [*] in which such [*] ends.
Examples of Reduced Demand in a sentence
The Reduced Inventory Charge shall be invoiced by Patheon within [***] after the expiration of each affected Reduced Demand Supply Year and undisputed invoices shall be due and payable not later than [***] after receipt of such invoices.