Common use of Forecast Requirement Clause in Contracts

Forecast Requirement. In addition to the Purchase Orders, on or before the fifth (5th) calendar day of each month (for illustration purposes, such month is described as M(n+0), with each subsequent month described as M(n+1 ), M(n+2), and so forth) during the term of this Agreement, DISTRIBUTOR shall provide to GCT a rolling order forecast for each of the following six months (M(n+1) through M(n+6)), or if shorter, the remaining term of this Agreement (the “Monthly Forecast Report’”). This Monthly Forecast Report shall include Product name, part number, customer name and location, forecasted number of units, and anticipated resale price. In the case of decreases or increases in any previously forecasted amounts beyond the foregoing threshold levels, GCT and DISTRIBUTOR shall negotiate with each other in good faith to revise the Monthly Forecast Report.

Forecast Requirement. In addition to the Purchase Orders, on or before the fifth (5th) calendar day of each month (for illustration purposes, such month is described as M(n+0), with each subsequent month described as M(n+1 M(n+1), M(n+2), and so forth) during the term of this Agreement, DISTRIBUTOR shall provide to GCT a rolling order forecast for each of the following six months (M(n+1M(n+l) through M(n+6)), or if shorter, the remaining term of this Agreement (the “Monthly Forecast Report’”). This Monthly Forecast Report shall include Product name, part number, customer name and location, forecasted number of units, and anticipated resale price. In the case of decreases or increases in any previously forecasted amounts beyond the foregoing threshold levels, GCT and DISTRIBUTOR shall negotiate with each other in good faith to revise the Monthly Forecast Report.