Common use of Blanket Orders Clause in Contracts

Blanket Orders. If the Order does not specify a quantity, states zero, “blanket,” “per release” or a similar term, the Order is a blanket order. If the Order is a blanket order, then for consideration of $10.00 to be paid by Buyer following expiration or termination of the Order, Seller grants to Buyer an irrevocable option during the term of the Order to purchase Products in such quantities specified in Material Releases that are transmitted to Seller during the term of the Order, provided that Buyer may purchase no less than a minimum quantity of at least one piece or unit of each of the Products and no more than 100% of Buyer’s requirements for the Products.

Blanket Orders. If the Order does not specify a quantity, states zero, “blanket,” “per release” or a similar term, the Order is a blanket orderBlanket Order. If the Order is a blanket orderBlanket Order, then for consideration of $10.00 to be paid by Buyer following expiration or termination of the Order, Seller grants to Buyer an irrevocable option during the term of the Order to purchase Products Supplies in such quantities specified in Material Releases that are transmitted to Seller during the term of the Order, provided that Buyer may shall purchase no less than a minimum quantity of at least one piece or unit of each of the Products Supplies and a maximum of no more than 100% of Buyer’s requirements for the ProductsSupplies.