Common use of Buyers’ Forecast Clause in Contracts

Buyers’ Forecast. During the first full calendar week of each calendar month during the Term (as defined below), Buyers (on behalf of themselves and their respective subsidiaries), shall deliver to Seller a written forecast (the “Forecast Notice”) of their good faith estimate of their combined fabrication requirements for Goods (the “Forecast Requirements”) for the six (6) month period (or such longer or shorter period as the Parties shall jointly agree or, if shorter, for the remainder of the Term) beginning on the first day of the following month (such period, the “Forecast Period”); provided, however, that no Buyer shall have any requirement to meet any Forecast Requirement nor any liability to Seller based on any Forecast Requirement estimated in good faith. The Parties shall meet during the third full calendar week of every month during the Term to review the Forecast Requirements presented by Buyers and discuss any matters that may impact Seller’s ability to meet the Forecast Requirements. Exhibit B hereto sets forth each Buyer’s Forecast Requirements for the initial Forecast Period beginning on the date hereof. If either Buyer fails to deliver a Forecast Notice when required, then the Forecast Requirements with respect to the last month of that Forecast Period shall be zero until such Buyer delivers its next Forecast Notice, at which time the Forecast Requirements shall change to reflect the Forecast Requirements set forth in that Forecast Notice.