Common use of Minimum Purchases Clause in Contracts

Minimum Purchases. 8.1 The minimum purchases to be made by Dealer during each twelve (12) month period of the Term of this Agreement, commencing with the second (2nd) twelve (12) month period of the Term, are as follows: (a) Accepted orders for one thousand (1,000) units during the second calendar year of the Term. (b) Accepted orders for one thousand two hundred fifty (1,250) units during the third calendar year of the Term. (c) Thereafter, the minimum number of accepted orders shall increase by five (5) percent per each calendar year. 8.2 Either party shall be entitled to terminate this Agreement as provided in Article 11 in the event that the quantity of Products ordered from Dealer in Territory has not reached the target as set forth above, during each period. 8.3 Corporation's Products shall not constitute less than five percent (7%) of the total annual sales of the Dealer during each year of the Term beginning in the second year.

Minimum Purchases. 8.1 The minimum purchases to be made by Dealer during each twelve (12) month period of the Term of this Agreement, commencing with the second (2nd) twelve (12) month period of the Term, are as follows: (a) Accepted orders for one thousand two hundred (1,000200) units during the second calendar year of the Term. (b) Accepted orders for one thousand two three hundred fifty (1,250300) units during the third calendar year of the Term. (c) Thereafter, the minimum number of accepted orders shall increase by five (5) percent per each calendar year. 8.2 Either party shall be entitled to terminate this Agreement as provided in Article 11 in the event that the quantity of Products ordered from Dealer in Territory has not reached the target as set forth above, during each period. 8.3 Corporation's Products shall not constitute less than five percent (7%) of the total annual sales of the Dealer during each year of the Term beginning in the second year.