Common use of One-Time Option to Increase Contract Quantity Clause in Contracts

One-Time Option to Increase Contract Quantity. Seller shall have a one (1) time option to be exercised only during either Contract Year 1 or Contract Year 2 of the Delivery Term to increase the Contract Quantity for any or all future Contract Years by providing Notice to Buyer of such increase at least ninety (90) days prior to the start of the Contract Year for which the increase applies. The adjusted amount shall thereafter be deemed to be the “Contract Quantity” for the applicable Contract Year(s) in the Delivery Term Contract Quantity Schedule. Such Seller Notices with respect to the decrease or increase in the Contract Quantity pursuant to Section 2.2.1 or 2.2.2 shall contain an updated Delivery Term Contract Quantity Schedule and confirmation that Seller shall take action to update its forecasting Schedules pursuant to Appendix D.

One-Time Option to Increase Contract Quantity. Seller shall have a one (1) time option to be exercised only during either Contract Year 1 or Contract Year 2 of the Delivery Term to increase the Contract Quantity for any or all future Contract Years by providing Notice to Buyer of such increase at least ninety (90) days prior to the start of the Contract Year for which the increase applies. The adjusted amount shall thereafter be deemed to be the “Contract Quantity” for the applicable Contract Year(s) in the Delivery Term Contract Quantity Schedule. Such Seller Notices with respect to the decrease or increase in the Contract Quantity pursuant to Section 2.2.1 or 2.2.2 shall contain an updated Delivery Term Contract Quantity Schedule and confirmation conf irmation that Seller shall take action to update its forecasting Schedules pursuant to Appendix D.