Common use of FAILURE TO MEET REQUIRED MINIMUM SALES Clause in Contracts

FAILURE TO MEET REQUIRED MINIMUM SALES. Licensee shall use its best efforts to advertise and sell Trademarked Product in the Territory during the term of this Agreement. Should Licensee fail to achieve the NIV sales over any two consecutive terms as set forth below in this Article 8 then Licensor may, at its option, elect to terminate this Agreement by written notice delivered to Licensee with sixty (60) days after the end of any period in which Licensee failed to achieve such required Minimum Sales. Such termination shall be effective upon delivery of said notice but shall not affect Licensee's outstanding indebtedness to Licensor or any of the provisions relating thereto. 8.

FAILURE TO MEET REQUIRED MINIMUM SALES. Licensee shall use its best efforts to advertise and sell Trademarked Product in the Territory during the term of this Agreement. Should Licensee fail to achieve the NIV sales over any two consecutive terms as set forth below in this Article 8 then Licensor may, at its option, elect to terminate this Agreement by written notice delivered to Licensee with sixty (60) days after the end of any period in which Licensee failed to achieve such required Minimum Sales. Sales Such termination shall be effective upon delivery of said notice but shall not affect Licensee's outstanding indebtedness to Licensor or any of the provisions relating thereto. 8.

FAILURE TO MEET REQUIRED MINIMUM SALES. Licensee shall use its best efforts to advertise and sell Trademarked Product in the Territory during the term of this Agreement. Should Licensee fail to achieve the NIV sales over any two [*****] consecutive terms as set forth below in this Article 8 then Licensor may, at its option, elect to terminate this Agreement by written notice delivered to Licensee with sixty (60) days [*****] after the end of any period in which Licensee failed to achieve such required Minimum Sales. Sales Such termination shall be effective upon delivery of said notice but shall not affect Licensee's outstanding indebtedness to Licensor or any of the provisions relating thereto. 8.

FAILURE TO MEET REQUIRED MINIMUM SALES. Licensee shall use its best efforts to advertise and sell Trademarked Product in the Territory during the term of this Agreement. Should Licensee fail to achieve the NIV sales over any two [*****] consecutive terms as set forth below in this Article 8 then Licensor may, at its option, elect to terminate this Agreement by written notice delivered to Licensee with sixty (60) days [*****] after the end of any period in which Licensee failed to achieve such required Minimum Sales. Such termination shall be effective upon delivery of said notice but shall not affect Licensee's outstanding indebtedness to Licensor or any of the provisions relating thereto. 8.