Common use of NOTIFICATION OF ANNUAL ORDER QUANTITY Clause in Contracts

NOTIFICATION OF ANNUAL ORDER QUANTITY. In respect of the purchase and supply of Metal hereunder in any Contract Year, the Purchaser shall deliver to the Supplier on or before October 31 in the year preceding such Contract Year, a notice setting forth: (i) the firm Annual Order Quantity for such Contract Year, which shall be no less than the Minimum Annual Purchase Quantity calculated for such Contract Year, and (ii) the Estimated Monthly Demand (which may be updated from the amount notified pursuant to Section 2.3(b)(ii)) for each month in such Contract Year provided (1) such amount in respect of each month shall be less than or equal to ***% of the Annual Order Quantity for such Contract Year divided by 12, and greater than or equal to ***% (or ***% for no more than 2 months) of the Annual Order Quantity for such Contract Year divided by 12, and (2) such amount in respect of any month does not exceed the Estimated Monthly Capacity notified by the Supplier in respect of such month pursuant to Section 2.4(b)(ii) (as such amount may be adjusted pursuant to Section 2.5).

NOTIFICATION OF ANNUAL ORDER QUANTITY. In respect of the purchase and supply of Metal hereunder in any Contract Year, the Purchaser shall deliver to the Supplier on or before October 31 in the year preceding such Contract Year, a notice setting forth: (i) the firm Annual Order Quantity for such Contract Year, which shall be no less than the Minimum Annual Purchase Quantity calculated for such Contract Year, and (ii) the Estimated Monthly Demand (which may be updated from the amount notified pursuant to Section 2.3(b)(ii)) for each month in such Contract Year provided (1) such amount in respect of each month shall be less than or equal to ***110% of the Annual Order Quantity for such Contract Year divided by 12, and greater than or equal to ***80% (or ***75% for no more than 2 months) of the Annual Order Quantity for such Contract Year divided by 12, and (2) such amount in respect of any month does not exceed the Estimated Monthly Capacity notified by the Supplier in respect of such month pursuant to Section 2.4(b)(ii) (as such amount may be adjusted pursuant to Section 2.5).