Required Quantity definition
Examples of Required Quantity in a sentence
Subject to the foregoing, on or prior to October 1 of each calendar year, the Required Quantity applicable for the immediately following calendar year shall be reviewed and may be revised by mutual agreement of the Parties.
You must fill in your firm fixed price in section 4.1, Pricing Data for Required Quantity.
Subject to the other provisions contained herein, including, without limitation, Section 2.2 below, in each calendar year during the Term of this Agreement, Bayer may in its sole discretion request, and Supplier shall supply, a minimum of seventy-five percent (75%) of the Required Quantity and a maximum of one hundred fifteen percent (115%) of the Required Quantity (each, as determined after deducting quantities representing Nonconforming Product (as defined in Section 7.1 below)).
At Purchaser’s sole election, Purchaser may provide additional Inputs to Bayer for processing into Products to replace Non-Conforming Inputs so as to achieve the Required Quantity.
In each calendar year, the aggregate Binding Production Forecasts for such period shall equal at least seventy-five percent (75%) of the Column Eluate Required Quantity and at least one hundred percent (100%) of the ATIII Required Quantity.