Common use of Forecast Clause in Contracts

Forecast. At the outset of this Agreement Appendix A (Products) will identify those Products that have supply limitations and may set monthly and/or yearly maximum quantities based upon such limitations and Purchaser’s historical share of such Products, which thereafter may be updated with reasonable notice to Purchaser. Purchaser will provide Supplier a non-binding Forecast each quarter for its forecasted needs for Product prepared on a thirty-six (36) month rolling basis. Where no Forecast for a Product exists, Supplier may accept and fill any Orders based on product availability, standard lead times (as set out in Parent’s systems or SpinCo’s systems, as applicable), and production schedules as of the time of Order. Any portion of a Forecast that is within one hundred and twenty (120) days will be considered binding on both Parties and Orders will be placed accordingly unless the parties mutually agree to deviate from the firm portion of a Forecast. Except as otherwise provided herein, a Forecast is not a contractual obligation of either Party. The Parties will meet four (4) times per year to review Product availability, inventory levels, raw material, and any non-working inventory and arrange for a financial settlement of incurred costs to the extent that Purchaser’s placed Orders did not adhere to the binding portion of a Forecast. If, twelve months prior to the anticipated expiration or termination of this Agreement, Purchaser has failed to obtain a Governmental Approval that is required with respect to a Regulated Product being supplied at that time under this Agreement despite having taken reasonable and timely steps to obtain such Governmental Approval, the portion of the most recent Forecast relating to such Regulated Products that is within twelve (12) months of such anticipated expiration or termination of this Agreement will be considered binding on both Parties and Orders will be placed accordingly unless the Parties mutually agree to deviate from the firm portion of a Forecast; provided, that, this sentence does not apply to PFAS Products, which are governed by Section 3.4(b). If the Parties identify potential supply limitations or other capacity constraints in connection with the Forecast or the mutually agreed purchase schedule, the Parties (coordinated via the SA Contacts) will discuss in good faith commercially reasonable alternatives to address such capacity constraints.

Appears in 5 contracts

Samples: Master Supply Agreement (3m Co), Reverse Master Supply Agreement (Solventum Corp), Reverse Master Supply Agreement (3m Co)

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Forecast. At On or before the outset forty-fifth (45th) day prior to the beginning of this Agreement Appendix A each calendar quarter, Sourcefire will provide AIC with a forecast in writing (Productsincluding by e-mail) that covers the expected Orders by Sourcefire and the Integrators for the following six (6) calendar quarters (the “Forecast”). The first two (2) full calendar quarters of the Forecast will identify those be binding (the “Binding Forecast”) on Sourcefire and AIC. The Binding Forecast shall include the number of Products that to be manufactured by AIC (without the requirement of an Order being placed) during the applicable quarter. AIC shall have supply limitations and may set monthly and/or yearly maximum quantities based upon such limitations and Purchaser’s historical share ten (10) business days from receipt of such Products, which thereafter may be updated with reasonable the Binding Forecast to provide notice to PurchaserSourcefire that in AIC’s reasonable judgment that AIC will be unable to manufacture and deliver all of the Products required by the Binding Forecast. Purchaser will If AIC does not provide Supplier a nonSourcefire with any such notice within the required 10-binding Forecast each quarter for its forecasted needs for Product prepared on a thirty-six (36) month rolling basisday period, then AIC shall be deemed to have accepted the Binding Forecast. Where no Forecast for a Product exists, Supplier Sourcefire acknowledges that certain Components may accept and fill any Orders based on product availability, standard have long lead times (as set out in Parent’s systems or SpinCo’s systemsof between 10 – 26 weeks, as applicable), and production schedules as of the time of Order. Any portion of thus Sourcefire will use commercially reasonable efforts to provide AIC with a Forecast that is within one hundred takes such lead times into account. Sourcefire acknowledges and twenty (120) days will be considered binding on both Parties agrees that AIC may maintain appropriate inventories of Products and Orders will be placed accordingly unless Components for the parties mutually agree to deviate from manufacture of the firm portion of a Forecast. Except as otherwise provided herein, a Forecast is not a contractual obligation of either Party. The Parties will meet four (4) times per year to review Product availability, inventory levels, raw material, and any non-working inventory and arrange for a financial settlement of incurred costs Products pursuant to the extent that Purchaser’s placed Orders did Forecast, provided, however, Sourcefire shall not adhere be liable to the binding portion of a Forecast. If, twelve months prior to the anticipated expiration AIC for any Products manufactured (or termination of this Agreement, Purchaser has failed to obtain a Governmental Approval that is required with respect to a Regulated Product being supplied at that time under this Agreement despite having taken reasonable and timely steps to obtain such Governmental Approval, the portion Components therein) in excess of the most recent amounts set forth in the Binding Forecast relating to unless Sourcefire submits Orders for such Regulated Products that is within twelve (12) months of such anticipated expiration or termination of this Agreement will be considered binding on both Parties and Orders will be placed accordingly unless the Parties mutually agree to deviate from the firm portion of a Forecast; provided, that, this sentence does not apply to PFAS Products, which are governed by Section 3.4(b). If the Parties identify potential supply limitations or other capacity constraints in connection with the Forecast or the mutually agreed purchase schedule, the Parties (coordinated via the SA Contacts) will discuss in good faith commercially reasonable alternatives to address such capacity constraintsexcess amounts.

Appears in 1 contract

Samples: Manufacturing Services and Supply Agreement (Sourcefire Inc)

Forecast. At On or before the outset forty-fifth (45th) day prior to the beginning of this Agreement Appendix A (Products) will identify those Products that have supply limitations and may set monthly and/or yearly maximum quantities based upon such limitations and Purchaser’s historical share of such Productseach calendar quarter, which thereafter may be updated with reasonable notice to Purchaser. Purchaser Sourcefire will provide Supplier Premio with a non-binding quarterly forecast which shall include a forecast for the next calendar quarter and guidance with respect to the calendar quarter following such next quarter (each, a “Quarterly Forecast”) to assist Premio in managing its inventory of components and production planning for the next two (2) calendar quarters. All Quarterly Forecasts shall be by region and Product, unless set forth otherwise in an SOW. Sourcefire may also submit periodic updates to a Quarterly Forecast each quarter for its forecasted needs for Product prepared on which updates shall be deemed to amend, and be incorporated into, such Quarterly Forecast. Premio shall have five (5) business days from receipt of a thirtyQuarterly Forecast (or any update thereto) to provide notice to Sourcefire that in Premio’s reasonable judgment that Premio will be unable to manufacture and deliver all of the Products required by such forecast. If Premio does not provide Sourcefire with any such notice within the required 5-six day period, then Premio shall be deemed to have accepted such forecast. Sourcefire acknowledges that (36a) month rolling basis. Where no Forecast for a Product exists, Supplier may accept and fill any Orders based on product availability, standard certain products have long component lead times (as set out in Parent’s systems or SpinCo’s systems, as applicable10 – 13 weeks), and (b) the transit time to the APAC and/or EMEA regions may add up to five (5) weeks to a production schedules as schedule, thus Sourcefire will use commercially reasonable efforts to provide Premio with a forecast that takes such lead times into account. Notwithstanding anything to the contrary in this Agreement or any SOW, Sourcefire acknowledges and agrees that (a) Premio may maintain appropriate inventories of finished goods, components or parts for the manufacture of the time of Order. Any portion of a Forecast that is within one hundred and twenty (120) days will be considered binding on both Parties and Orders will be placed accordingly unless the parties mutually agree to deviate from the firm portion of a Forecast. Except as otherwise provided herein, a Forecast is not a contractual obligation of either Party. The Parties will meet four (4) times per year to review Product availability, inventory levels, raw material, and any non-working inventory and arrange for a financial settlement of incurred costs Products pursuant to the extent Quarterly Forecasts provided by Sourcefire which includes any Quarterly Forecast and guidance that Purchaser’s placed Orders did not adhere Sourcefire provides to the binding portion of a Forecast. If, twelve months prior to the anticipated expiration or termination of this Agreement, Purchaser has failed to obtain a Governmental Approval that is required Premio with respect to a Regulated Product being supplied at any quarter that time under this Agreement despite having taken reasonable follows the quarter for which the then most current Quarterly Forecast has been provided; and timely steps (b) Sourcefire shall be liable to obtain Premio for any such Governmental Approval, inventories maintained by Premio pursuant to the portion of the most recent Forecast relating to Quarterly Forecasts and related guidance provided by Sourcefire even if such Regulated Products that is within twelve (12) months of such anticipated expiration forecasts and guidance are later amended or termination of this Agreement will be considered binding on both Parties and Orders will be placed accordingly unless the Parties mutually agree to deviate from the firm portion of a Forecast; provided, that, this sentence does not apply to PFAS Products, which are governed by Section 3.4(b). If the Parties identify potential supply limitations or other capacity constraints in connection with the Forecast or the mutually agreed purchase schedule, the Parties (coordinated via the SA Contacts) will discuss in good faith commercially reasonable alternatives to address such capacity constraintsupdated.

Appears in 1 contract

Samples: Manufacturing Agreement (Sourcefire Inc)

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Forecast. At Purchaser shall, no later than the outset third day of this Agreement Appendix A each month (Products) will identify those Products that have supply limitations in Foxconn’s time zone), monthly provide and may set monthly and/or yearly maximum quantities based upon such limitations and Purchaser’s historical share of such Products, which thereafter may be updated with reasonable notice to Purchaser. Purchaser will provide Supplier a non-binding Forecast each quarter for its forecasted needs for Product prepared on a thirty-update rolling six (366) month rolling basis. Where no Forecast for a Product exists, Supplier may accept and fill any Orders months forecasts to Foxconn based on product availabilityits anticipated monthly demands for Products (“Forecast”) and Foxconn shall be authorized to purchase the Components, standard considering (i) their respective lead times (“Component Lead Time”), and (ii) production lead time and logistics lead time of the Product. For greater clarity, Purchaser hereby agrees and authorizes that Foxconn may purchase Components in accordance with (i) the volume of Product as set out in Parentthe Forecast, and (ii) the minimum order quantity requirement of certain Components requested by the respective Component vendors (“Component’s systems or SpinCo’s systems, as applicableMOQ”), whichever is greater, provided that Foxconn shall provide Airspan with the list relating to such Component’s MOQ, Component’s lead times and production schedules as Component classification. Foxconn shall (i) provide Purchaser with a list of Components which are subject to Component’s MOQ requirements, and will update that list upon any changes in any Component’s MOQ requirements, and (ii) weekly provide and update the time quantity of Order. Any portion of a Forecast that is within one hundred Components purchased and twenty (120) days will be considered binding on both Parties and Orders will be placed accordingly unless the parties mutually agree to deviate ordered by Foxconn from the firm portion of a Forecast. Except as otherwise provided hereinrelated suppliers in accordance with this Section 6.1, a Forecast is not a contractual obligation of either Party. The Parties will meet four (4) times per year to review Product availabilitywhether the Components are received by Foxconn or not, inventory levels, raw material, and any non-working inventory and arrange for a financial settlement of incurred costs to the extent that Purchaser’s placed Orders did not adhere to the binding portion of a Forecast. If, twelve months prior to the anticipated expiration or termination of this Agreement, Purchaser has failed to obtain a Governmental Approval that is required with respect to a Regulated Product being supplied at that time under this Agreement despite having taken reasonable and timely steps to obtain such Governmental Approval, the portion of the most recent Forecast relating to such Regulated Products that is within Components’ lead times exceeds twelve (12) months weeks. Any Forecasts provided by Purchaser are for planning purposes only and do not constitute a commitment by Purchaser to purchase the quantities of such anticipated expiration or termination Product listed on a given Forecast, subject to Purchaser’s performance of its responsibility of E&O Inventory as set out in Section 7 of this Agreement will Agreement. In the event that Purchaser shall fail to provide a Forecast prior to an appropriate date considering the mutually scheduled mass production date as well as Component Lead Time, Purchaser shall provide to Foxconn an authorization letter (“Authorization”) for Foxconn to purchase the Components in accordance with the volume of Product or Components specified in said Authorization. For removal of doubts, Purchaser hereby acknowledges and agrees that said Authorization shall be considered binding on both Parties deemed as certain Forecast of Product and Orders will be placed accordingly unless the Parties mutually agree to deviate from the firm portion of a Forecast; provided, that, this sentence does not Section 7 hereof shall apply to PFAS Products, which are governed by Section 3.4(b). If the Parties identify potential supply limitations or other capacity constraints Components purchased in connection accordance with the Forecast or the mutually agreed purchase schedule, the Parties (coordinated via the SA Contacts) will discuss in good faith commercially reasonable alternatives to address such capacity constraintsAuthorization.

Appears in 1 contract

Samples: Supply Agreement (New Beginnings Acquisition Corp.)

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