Rolling Order definition
Examples of Rolling Order in a sentence
The Binding Order relating to the 3rd month of the 18-Month Rolling Order Forecast shall not exceed by more than twenty (20) percent the forecasts relating to the 4th month of the preceding 18-Month Rolling Order Forecast.
The projection for the first three months (the "Three Month Order") of each Rolling Order shall constitute a firm purchase order, shall be invoiced as such and shall not be subject to any modification whatsoever.
For the avoidance of doubt, in each monthly update of the Rolling Forecast, the remaining five (5) months of the preceding Binding Quantities remain binding in each Rolling Order Forecast.
The remaining nine months of the Rolling Order may be modified by future Rolling Orders.
In the event the Binding Order relating to the 3rd month of the 18-Month Rolling Order Forecast exceeds twenty (20) percent, BIP shall use its Diligent Efforts to supply any exceeding quantities.
Thereafter, Licensee shall forward to Licensor before the 20th day of every calendar month a revised and adjusted 18-Month Rolling Order Forecast for the next eighteen (18) months for each of the countries where the Licensed Product is commercialized or is expected to be commercialized within less than ninety (90) days.
In the event the Binding Order relating to the 3rd month of the 18-Month Rolling Order Forecast exceeds twenty (20) percent, Licensor shall use its Diligent Efforts to supply any exceeding quantities.
BIP before the 20th day of every calendar month a revised and adjusted 18-Month Rolling Order Forecast for the next eighteen (18) months for each of the countries where the Licensed Product is commercialized or is expected to be commercialized within less than ninety (90) days.
Order relating to the 4th, 5th, and 6th months of the 18-Month Rolling Order Forecast shall not vary (upward or downward) by more than twenty (20) percent the forecasts relating to the 5th, 6th, and 7th months, respectively, of the preceding 18-Month Rolling Order Forecast.
The Semi-Binding Order relating to the 4th, 5th, and 6th months of the 18-Month Rolling Order Forecast shall not vary (upward or downward) by more than twenty (20) percent the forecasts relating to the 5th, 6th, and 7th months, respectively, of the preceding 18-Month Rolling Order Forecast.