Common use of Issuance and Acceptance Clause in Contracts

Issuance and Acceptance. Each Order shall contain: (i) a complete list of the Products to be purchased specifying quantity, type, description and price; (ii) shipment and delivery instructions; and (iii) any special terms and conditions agreed to in writing by the Parties. Riverstone agrees to receive Orders placed by Tellabs via electronic document transfer, facsimile, or hard copy only. Verbal or telephone orders must be followed promptly by one of the transmission means described above. All Orders are subject to acceptance by Riverstone, and Riverstone may reject Orders in its reasonable discretion, provided however that (i) firm Orders are deemed automatically accepted by Riverstone and Riverstone shall not have the discretion to reject a firm Order given pursuant to the Tellabs forecast, subject to subsection (ii) hereof; and (ii) increases to firm Orders placed by Tellabs, whether in a forecast or not, are subject to acceptance by Riverstone. Notwithstanding the foregoing, Riverstone shall not be obligated to accept more than $2 million of Products from the first three (3) months of the first forecast received from Tellabs after the Effective Date.