Annual Minimum Purchase Quantity Sample Clauses

Annual Minimum Purchase Quantity. DKSH shall comply with the Annual Minimum Purchase Quantity in the Territory in any Calendar Year during the Term as set out in Annex 3. In the event that DKSH does not meet the Annual Minimum Purchase Quantity in the Territory in any Calendar Year during the Term, DKSH shall compensate the difference between the Annual Actual Purchase Quantity and 90% of the Annual Minimum Purchase Quantity at the Supply Price, except where the reason for the shortfall in Annual Purchase Amount is attributable to changes in government purchasing regulations or other external factors which are outside the control of DKSH. DKSH shall pay the difference within twenty-one (21) days as from the receipt of the notice from CMS. If DKSH fails to pay the difference within the agreed time, CMS shall be entitled to terminate the Agreement with a three (3) months advance notice in which case CMS claim against DKSH shall be waived. In the event of changes of government purchasing regulations, both Parties shall enter into negotiation in good faith to resolve the issue. In the event that DKSH fails to meet the Annual Minimum Purchase Quantity in two (2) consecutive Calendar Year during the Term or DKSH fails to meet the 70% of the Annual Minimum Purchase Quantity in any Calendar Year during the Term, CMS is entitled to terminate the Agreement as per Article 10.3.
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Related to Annual Minimum Purchase Quantity

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements. Note: Issuance of an award does not guarantee an order.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Additional Quantities For a period not exceeding ninety (90) days from the date of solicitation award, the Customer reserves the right to acquire additional quantities up to the amount shown on the solicitation but not to exceed the threshold for Category Two at the prices submitted in the response to the solicitation.

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

  • Minimum Shipping Requirements for TIPS Sales Vendor shall ship, deliver, or provide ordered goods and services within a commercially reasonable time after acceptance of the order. If a delay in delivery is anticipated, Vendor shall notify the TIPS Member as to why delivery is delayed and provide an updated estimated time for completion. The TIPS Member may cancel the order if the delay is not commercially acceptable or not consistent with the Supplemental Agreement applicable to the order.

  • PAYMENT TERMS/PRE-PAYMENT/QUANTITY DISOUNTS If discounts for accelerated payment, pre-payment, progress payment, or quantity discounts are offered, they must be clearly indicated in the Contractor’s submission prior to contract award. The applicability or acceptance of these terms is at the discretion of the Customer.

  • MINIMUM SHIFT 10.01 No employee shall be scheduled to work for less than three (3) hours in any one (1) shift. If no work or insufficient work is available, said employee shall nevertheless be paid for the full three (3) hours at their appropriate hourly rate of pay.

  • ESTIMATED QUANTITIES 1.1 The quantities set forth in the line items and specification document are approximate and represent the estimated requirements for the contract period.

  • DELIVERY: FOB DESTINATION, INSIDE DELIVERY, FREIGHT PAID Whenever possible, contractors should give the ordering entities 3 working days prior notice of any deliveries and/or installations. Furniture contractors will not be responsible for the removal/moving of existing furnishings unless requested by the ordering entity. Contractors should verify site readiness prior to delivery. All deliveries will be made during normal working hours unless otherwise arranged with the ordering entity. Contractor will communicate any scheduling delays and/or changes immediately. Agencies will not be responsible for any freight damage, concealed or otherwise.

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