Common use of Minimum Quotas Clause in Contracts

Minimum Quotas. Distributor hereby agrees to attain the marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall constitute a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company to seek monetary damages.

Appears in 2 contracts

Samples: International Distribution Agreement (Applied Digital Solutions Inc), Exclusive Distribution Agreement (Applied Digital Solutions Inc)

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Minimum Quotas. Distributor hereby agrees to attain the -------------- marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall constitute a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company to seek monetary damages. Except Distributor shall have Fifteen Days (15) to cure this breach.

Appears in 2 contracts

Samples: Exclusive Distribution Agreement (Applied Digital Solutions Inc), Exclusive Distribution Agreement (Applied Digital Solutions Inc)

Minimum Quotas. Distributor hereby agrees to attain the marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall constitute consntitue a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company company to seek monetary damages.

Appears in 1 contract

Samples: International Distribution Agreement (Applied Digital Solutions Inc)

Minimum Quotas. Distributor hereby agrees to attain the -------------- marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall constitute a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company to seek monetary damages.

Appears in 1 contract

Samples: Exclusive Distribution Agreement (Applied Digital Solutions Inc)

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Minimum Quotas. Distributor hereby agrees to attain the marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's failure to meet its Quota shall constitute a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company to seek monetary damages. EXCEPT DISTRIBUTOR SHALL HAVE FIFTEEN DAYS (15) TO CURE THIS BREACH.

Appears in 1 contract

Samples: Exclusive Distribution Agreement (Applied Digital Solutions Inc)

Minimum Quotas. Distributor hereby agrees to attain the marketing -------------- goals agreed upon by Distributor and the Company for purposes of this Agreement by ordering and taking delivery from the Company of the Quota of Products set forth in EXHIBIT "D" hereto. Distributor hereby agrees that the establishment and achievement of such Quota is of the essence of this Agreement, and that Distributor's ’s failure to meet its Quota shall constitute a material breach hereunder, entitling the Company to terminate this Agreement for cause pursuant to Section 16 hereof and entitling the Company to seek monetary damages.

Appears in 1 contract

Samples: International Distribution Agreement (Applied Digital Solutions Inc)

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