Common use of Blanket Purchase Order Clause in Contracts

Blanket Purchase Order. IQE plc agrees to issue a Blanket Purchase Order within two (2) days from the Effective Date for [***] ([***]) 6” Wafer Products (the “Minimum Purchase”). IQE plc agrees to issue a [***] 6” Wafer Blanket Take or Pay Purchase Order at [$***]. IQE agrees to be bound under this Agreement to Purchase the Minimum Purchase prior to March 31, 2010. IQE plc and Ordering Entities: (i) shall issue Purchase Order Releases for Products against the Minimum Purchase within the Initial Term (as defined in Section 3 below). The Blanket Purchase Order, all Purchase Orders and Purchase Order Releases are firm and non cancelable by IQE plc and/or its Ordering Entities. IQE plc is responsible for the full price of Products as ordered in the Blanket Purchase Order, any Purchase Order or Purchase Order Release submitted by IQE plc or an Ordering Entity. In the event XXX fails to deliver the Minimum Purchase per the forecast submitted by IQE plc or if XXX is disqualified by IQE plc’s customers, all purchased quantities of competitor wafers in default of the delivery date shall be included in the Minimum Purchase quantity. In addition, all 5” wafer purchases (price to be agreed upon separately) will also be counted towards the Minimum Purchase quantity. IQE plc will issue payment for all 6” wafers not released from the SMI inventory within 60 days from March 31, 2010.

Blanket Purchase Order. IQE plc agrees to issue a Blanket Purchase Order within two (2) days from the Effective Date for [***] ([***]) 64” Wafer Products (the “Minimum Purchase”). IQE plc agrees to issue a [***] 64” Wafer Blanket Take or Pay Purchase Order at [$***]. IQE agrees to be bound under this Agreement to Purchase the Minimum Purchase prior to March December 31, 20102008. IQE plc and Ordering Entities: (i) shall issue Purchase Order Releases for Products against the Minimum Purchase within the Initial Term (as defined in Section 3 below). ) The Blanket Purchase Order, all Purchase Orders and Purchase Order Releases are firm and non cancelable by IQE plc and/or its Ordering Entities. IQE plc is responsible for the full price of Products as ordered in the Blanket Purchase Order, any Purchase Order or Purchase Order Release submitted by IQE plc or an Ordering Entity. In the event XXX AXX fails to deliver the Minimum Purchase per the forecast submitted by IQE plc or if XXX is disqualified by IQE plc’s customers, all purchased quantities of competitor wafers in default of the delivery date shall be included in the Minimum Purchase quantity. In addition, all 5” wafer purchases (price to be agreed upon separately) will also be counted towards the Minimum Purchase quantity. IQE plc will issue payment for all 64” wafers not released from the SMI inventory within 60 days from March December 31, 20102008.

Blanket Purchase Order. IQE plc agrees to issue a Blanket Purchase Order within two (2) days from the Effective Date for [***] ([***]) 64” Wafer Products (the “Minimum Purchase”). IQE plc agrees to issue a [***] 64” Wafer Blanket Take or Pay Purchase Order at [$***]. IQE agrees to be bound under this Agreement to Purchase the Minimum Purchase prior to March December 31, 20102009. IQE plc and Ordering Entities: (i) shall issue Purchase Order Releases for Products against the Minimum Purchase within the Initial Term (as defined in Section 3 below). ) The Blanket Purchase Order, all Purchase Orders and Purchase Order Releases are firm and non cancelable by IQE plc and/or its Ordering Entities. IQE plc is responsible for the full price of Products as ordered in the Blanket Purchase Order, any Purchase Order or Purchase Order Release submitted by IQE plc or an Ordering Entity. In the event XXX fails to deliver the Minimum Purchase per the forecast submitted by IQE plc or if XXX is disqualified by IQE plc’s customers, all purchased quantities of competitor wafers in default of the delivery date shall be included in the Minimum Purchase quantity. In addition, all 5” wafer purchases (price to be agreed upon separately) will also be counted towards the Minimum Purchase quantity. IQE plc will issue payment for all 64” wafers not released from the SMI inventory within 60 days from March December 31, 20102009.

Blanket Purchase Order. IQE plc agrees to issue a Blanket Purchase Order within two (2) days from the Effective Date for [***] ([***]) 6” Wafer Products (the “Minimum Purchase”). IQE plc agrees to issue a an [***] 6” Wafer Blanket Take or Pay Purchase Order at [$***]. IQE agrees to be bound under this Agreement to Purchase the Minimum Purchase prior to March December 31, 20102008. IQE plc and Ordering Entities: (i) shall issue Purchase Order Releases for Products against the Minimum Purchase within the Initial Term (as defined in Section 3 below)) and (ii) provided, that IQE plc and/or the Ordering Entities have Purchased and paid for the Minimum Purchase, may issue Purchase Orders for up to an aggregate of [***] ([***]) Products in addition to the Minimum Purchase at [$***] per 6” wafer. The Blanket Purchase Order, all Purchase Orders and Purchase Order Releases are firm and non cancelable by IQE plc and/or its Ordering Entities. IQE plc is responsible for the full price of Products as ordered in the Blanket Purchase Order, any Purchase Order or Purchase Order Release submitted by IQE plc or an Ordering Entity. In the event XXX fails to deliver the Minimum Purchase per the forecast submitted by IQE plc or if XXX is disqualified by IQE plc’s customers, all purchased quantities of competitor wafers in default of the delivery date shall be included in the Minimum Purchase quantity. In addition, all 5” wafer purchases (price to be agreed upon separately) will also be counted towards the Minimum Purchase quantity. IQE plc will issue payment for all 6” wafers not released from the SMI inventory within 60 days from March December 31, 20102008.