Inventory Forecast Sample Clauses

Inventory Forecast. For purposes of production and inventory planning, GRC will provide to Manufacturer, when submitting a Purchase Order, a non-binding forecast of Purchase Orders to be submitted by it during the next six (6) months by number of units of the Product estimated to be purchased through Purchase Orders for such six (6) month period and anticipated delivery dates (the "180 Day Forecasts") and at least once every six (6) months during the Term a forecast of demand by month for the remainder of the next twelve months (collectively, the "Annual Forecasts" and, together with the 180 Day Forecasts, "Forecasts"). Notwithstanding the above, to enable GRC to more accurately gauge initial demand for the Product, GRC is not required to submit 180 Day Forecasts with any Purchase Orders submitted within the first 45 days after the date hereof. The Forecasts are not firm orders for the total quantity of Product reflected therein, and specific delivery dates may be accelerated or delayed by up to 30 days as reflected by the Purchase Orders. The parties acknowledge that the Forecasts are estimates only, and shall be based on GRC's good faith efforts to accurately reflect the timing and amount of Product orders on all relevant information available to GRC at the time of the Forecast. GRC will promptly notify Manufacturer of any material change in the applicable Forecast, which GRC anticipates as a result of market developments or other relevant factors. The parties acknowledge and agree that any failure or inability of GRC to meet any Forecast shall not be deemed a breach of this Agreement as such Annual Forecasts are for informational purposes only. Manufacturer shall supply GRC with up to twenty (20%) over the amount forecasted in the relevant Forecast, but shall not be liable, nor shall it be a breach of this Agreement, for its failure to provide in excess of twenty percent (20%) over the amount in the Forecast for the applicable time period.
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Inventory Forecast. For purposes of production and inventory planning, on or about the first day of each calendar month, Evolve will provide to Manufacturer a non-binding forecast of Purchase Orders to be submitted by it during each of the next six months (the "Forecasts"). The Forecasts will detail the number of units of the Product estimated to be purchased through Purchase Orders during the period covered by the Forecast and anticipated delivery dates. Notwithstanding the above, to enable Evolve to more accurately gauge initial demand for the Product, Evolve is not required to submit Forecasts during the first 60 days after the date the Prototype is approved. The parties acknowledge that Forecasts shall be based on Evolve's good faith efforts to accurately reflect the timing and amount of Product orders based on all relevant information available to Evolve at the time of the Forecast. Notwithstanding the foregoing, Evolve will promptly notify Manufacturer of any material change in the applicable Forecast, which Evolve anticipates as a result of market developments or other relevant factors. The parties acknowledge and agree that any failure or inability of Evolve to meet any Forecast shall not be deemed a breach of this Agreement.
Sample 1

Related to Inventory Forecast

  • Rolling Forecast (i) On or before the fifteenth (15th) calendar day of each month during the Term (as defined in Section 6.1 herein), Buyer shall provide Seller with an updated eighteen (18) month forecast of the Products to be manufactured and supplied (each a “Forecast”) for the eighteen (18) month period beginning on the first day of the following calendar month. The first two months of each Forecast will restate the balance of the Firm Order period of the prior Forecast, and the first three (3) months of the Forecast shall constitute the new Firm Order period for which Buyer is obligated to purchase and take delivery of the forecasted Product, and the supply required for the last month of such new Firm Order period shall not be more than one (1) full Standard Manufacturing Batch from the quantity specified for such month in the previous Forecast (or Initial Forecast, as the case may be). Except as provided in Section 2.2(a), Purchase Orders setting forth Buyer’s monthly Product requirements will be issued for the last month of each Firm Order period no later than the fifteenth calendar day of the first month of each Firm Order period, and such Purchase Order will be in agreement with the Firm Order period of the Forecast. If a Purchase Order for any month is not submitted by such deadline, Buyer shall be deemed to have submitted a Purchase Order for such month for the amount of Product set forth in Buyer’s Forecast for such month.

  • Rolling Forecasts The parties shall cooperate in good faith to develop rolling twelve (12) month (by Product and pack type), non-binding order forecasts of Buyer’s needs for the Products. The parties shall use commercially reasonable efforts to provide such forecasts at least ten (10) business days prior to the start of the applicable month.

  • Forecast Customer shall provide Flextronics, on a monthly basis, a rolling twelve (12) month forecast indicating Customer’s monthly Product requirements. The first ninety (90) days of the forecast shall be in weekly time buckets and will constitute Customer’s written purchase order for all Work to be completed within the first ninety (90) day period. Such purchase orders will be issued in accordance with Section 3.2 below.

  • Inventory Reports Within 45 days after the close of each fiscal quarter of Customer, a copy of the Inventory Report (as and to the extent applicable, breaking out Inventory by location, and separately reporting any work in process) of Customer as of the end of such fiscal quarter; and

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Annual Forecasts As soon as available and in any event no later than 15 days before the end of each Fiscal Year, forecasts prepared by management of the Parent Borrower, in form satisfactory to the Agents and the Lender Parties, of balance sheets, income statements and cash flow statements on a monthly basis for the Fiscal Year following such Fiscal Year and on an annual basis for each Fiscal Year thereafter until the Termination Date.

  • Inventory Adjustment (a) No more than three (3) days prior to Closing, a physical count of all saleable inventory, raw materials, castings, grates and other ancillary products included in the Seller Assets (the “Closing Inventory”) shall be carried out at the Designated Plants by representatives of each of the Seller and the Purchaser, which physical count shall be carried out in a manner mutually agreed upon by the parties. For the purposes of this Section 3.1(a), “saleable” inventory shall mean (i) finished goods, which are of first quality and saleable in the ordinary course without discount, and (ii) all raw materials, castings, grates and other ancillary products that are useable in the production of pipe and precast products or otherwise suitable for resale, unless obsolete, damaged or cosmetically impaired. The representatives of each of the Purchaser and the Seller shall attempt, in good faith, to resolve any disputes which may arise during the physical count of the inventory. Upon completion of the physical count of the inventory, the representatives of each of the Seller and the Purchaser shall agree upon and execute a statement setting forth either (i) the final physical count of the inventory in the event that the representatives agree on such final physical count or (ii) the final physical count of the inventory of each of the Seller and the Purchaser in the event that the representatives were unable to resolve in good faith any disputes during the physical inventory count, noting such items of dispute (the “Disputed Seller Inventory Items”) therein. The value of Closing Inventory shall be determined in accordance with the Inventory Methodology. In the event that there are any Disputed Seller Inventory Items, such Disputed Seller Inventory Items shall be resolved following the Closing pursuant to the dispute resolution procedures set forth in Section 3.2 and the final physical count agreed to by the parties or resolved pursuant to Section 3.2 shall be final and binding on the parties, including for purposes of determining the Closing Inventory. (b) No later than 90 days after the Closing Date (or if such day is not a Business Day, the next Business Day), the Purchaser shall deliver to the Seller a certificate executed by the

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

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