Full Requirements Clause Samples

The Full Requirements clause obligates one party, typically the buyer, to purchase all of its needs for a specified product or service exclusively from the other party, usually the seller, during the contract term. In practice, this means the buyer cannot source the covered goods or services from any other supplier, and the seller must be prepared to meet the buyer’s total demand, which may fluctuate over time. This clause ensures exclusivity and predictability in the business relationship, preventing the buyer from seeking alternative suppliers and providing the seller with a guaranteed customer for the duration of the agreement.
Full Requirements. In performing its services of collecting, preserving and retrieving Specimens as provided herein, UNTHSC shall maintain such staff and facilities as may be necessary to meet the full requirements of GeneLink under this Agreement. The parties recognize that the program is a new venture and that it is not possible to predict accurately the volume of Specimens that may be received. The parties recognize that the success of GeneLink's program will depend, in part, on the ability of UNTHSC to process, and preserve and retrieve Specimens in whatever quantity GeneLink is able to produce. GeneLink will cooperate with UNTHSC in advising UNTHSC on the first and fifteenth of each month of the expected volume of Specimens, and UNTHSC shall be responsible for process, preserving and retrieving under this Agreement whatever quantity of Specimens is required by GeneLink to serve its Clients.
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Full Requirements. 4.1 For each Account, beginning on the Start Date, Participant agrees to purchase and Supplier agrees to supply, by delivery to the Delivery Point, electric energy, capacity, ancillary services and all other products required to provide firm, full requirements retail Electricity (Full Requirements Electricity) for each Account during each Purchase Period. Supplier shall provide Participant’s total Electricity requirements at each Receipt Point. Supplier shall be responsible, only to the extent specifically accepted by Participant in a Pricing Confirmation or Transaction Confirmation, for all requirements and associated costs imposed on Competitive Suppliers by a relevant LDC or ISO-NE, or their successors, associated with the provision and delivery of such firm full requirements Electricity, except as provided in Section 4.3. 4.2 Supplier shall deliver the Electricity to Participant through its LDC(s). Although the Electricity supplied hereunder shall be firm, Supplier shall not be responsible for operation of the electric lines and systems or for any service interruptions, loss of service or deterioration of electric services caused by the LDC(s) and/or ISO- NE and/or transmission lines, equipment and systems. 4.3 Supplier shall be responsible for all nominations, balancing and any penalties and charges related thereto. For Accounts subject to any applicable Section 5.5 Price Options, Energy needed to balance Participant’s hourly loads will be subject to such pricing as described therein. Supplier shall also be responsible for all transmission, distribution and other charges required to deliver Electricity up to the Delivery Point. Participant shall be responsible for Delivery Charges imposed by the LDC at and after the Delivery Point.
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Full Requirements. In performing its services of collecting, preserving and retrieving Specimens as provided herein, UNTHSC shall maintain such staff and facilities as
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Full Requirements. The ▇▇▇▇▇ Mountain Lake Water Facility shall use its best efforts to furnish to the Parties their full requirements of potable water; provided, however, that its obligations shall be limited to the amount of water available from the SMLWTP. The Parties shall maintain their respective Water Systems in accordance with all applicable laws and regulations in order to facilitate the transmission of water to them.
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Related to Full Requirements

  • General Requirements The Contractor hereby agrees:

  • Operational Requirements The Client will adhere to the deadlines and other operational requirements set out in the Client Publications, to facilitate meeting the requirements of CSD’s, Third Party Agents and Market Participants.

  • Functional Requirements Applications must implement controls that protect against known vulnerabilities and threats, including Open Web Application Security Project (OWASP) Top 10 Risks and denial of service (DDOS) attacks.

  • Procedural Requirements All holders of record of shares of Preferred Stock shall be sent written notice of the Mandatory Conversion Time and the place designated for mandatory conversion of all such shares of Preferred Stock pursuant to this Section 6. Such notice need not be sent in advance of the occurrence of the Mandatory Conversion Time. Upon receipt of such notice, each holder of shares of Preferred Stock shall surrender his, her or its certificate or certificates for all such shares (or, if such holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Corporation to indemnify the Corporation against any claim that may be made against the Corporation on account of the alleged loss, theft or destruction of such certificate) to the Corporation at the place designated in such notice. If so required by the Corporation, certificates surrendered for conversion shall be endorsed or accompanied by written instrument or instruments of transfer, in form satisfactory to the Corporation, duly executed by the registered holder or by his, her or its attorney duly authorized in writing. All rights with respect to the Preferred Stock converted pursuant to Section 6.1, including the rights, if any, to receive notices and vote (other than as a holder of Common Stock), will terminate at the Mandatory Conversion Time (notwithstanding the failure of the holder or holders thereof to surrender the certificates at or prior to such time), except only the rights of the holders thereof, upon surrender of their certificate or certificates (or lost certificate affidavit and agreement) therefor, to receive the items provided for in the next sentence of this Subsection 6.2. As soon as practicable after the Mandatory Conversion Time and the surrender of the certificate or certificates (or lost certificate affidavit and agreement) for Preferred Stock, the Corporation shall issue and deliver to such holder, or to his, her or its nominees, a certificate or certificates for the number of full shares of Common Stock issuable on such conversion in accordance with the provisions hereof, together with cash as provided in Subsection 5.2 in lieu of any fraction of a share of Common Stock otherwise issuable upon such conversion and the payment of any declared but unpaid dividends on the shares of Preferred Stock converted. Such converted Preferred Stock shall be retired and cancelled and may not be reissued as shares of such series, and the Corporation may thereafter take such appropriate action (without the need for stockholder action) as may be necessary to reduce the authorized number of shares of Preferred Stock accordingly.

  • Additional Requirements As a condition precedent to the execution and Delivery, the registration of issuance, transfer, split-up, combination or surrender, of any ADS, the delivery of any distribution thereon, or the withdrawal of any Deposited Property, the Depositary or the Custodian may require (i) payment from the depositor of Shares or presenter of ADSs or of an ADR of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees and charges of the Depositary as provided in Section 5.9 and Exhibit B, (ii) the production of proof reasonably satisfactory to it as to the identity and genuineness of any signature or any other matter contemplated by Section 3.1, and (iii) compliance with (A) any laws or governmental regulations relating to the execution and Delivery of ADRs or ADSs or to the withdrawal of Deposited Securities and (B) such reasonable regulations as the Depositary and the Company may establish consistent with the provisions of the representative ADR, if applicable, the Deposit Agreement and applicable law.