Rolling Forecast definition
Examples of Rolling Forecast in a sentence
After providing the Product Rolling Forecast in accordance with Section 4.1.1, JPI and Legend shall work together to determine the Production schedule for the forecasted quantity of Product on a [***] basis, consistent with the Capacity Allocation Plan [***].
After receipt of Legend’s Purchase Orders for Lentivirus or JPI Supplied Components, JPI shall confirm to Legend if it accepts such Purchase Order; provided that JPI shall use Diligent Efforts to accept each such Purchase Order to the extent it is consistent with the Lentivirus Rolling Forecast or Product Rolling Forecast, as applicable, and use Diligent Effort to supply Lentivirus and JPI Supplied Components in accordance with such accepted Purchase Order.
Any purchase orders placed under the Interim PSA shall be considered Purchase Orders hereunder and the last Product Rolling Forecast under the Interim PSA shall be considered the first Product Rolling Forecast hereunder.
For the avoidance of doubt, if, after exercising commercially reasonable efforts, a Party is unable to fulfill a request for a change or addition to Production in excess of the [***] forecasted amounts in the Product Rolling Forecast or Lentivirus Rolling Forecast (as applicable), such failure, on its own, shall not be deemed a breach of this Agreement.
JPI will use reasonable efforts to provide timely notice to Legend of changes in the Product Rolling Forecast.