PRODUCTION PLANNING AND FORECASTS Sample Clauses

PRODUCTION PLANNING AND FORECASTS. 4.1 Requirements Forecasts Cadence shall provide Solvay in writing with forecasts of the expected requirements for Bulk Drug Substance to be purchased from Solvay by Cadence, its Affiliates and Sublicensees, that are prepared in good faith and to the best of Cadence’s knowledge at the time they are prepared (the “Requirements Forecasts”), as follows: 4.1.1 At the latest on #####, Cadence shall provide Solvay with the Requirements Forecasts for #####, at which time ##### per cent (#####%) of such Requirements Forecast for ##### shall be binding on Cadence, and ##### percent (#####%) of such Requirements Forecast for ##### shall be binding on Cadence. 4.1.2 At the latest on ##### and for each year thereafter (each, “Year X”), Cadence shall provide Solvay with the Requirements Forecasts for #####. In each case, ##### percent (#####%) of such Requirement Forecast ##### shall be binding on Cadence, and ##### percent (#####%) of such Requirements Forecast ##### shall be binding on Cadence. Notwithstanding Articles 4.1.1 and 4.1.2, the Requirements Forecasts are provided for the purpose of programming, and are not to be construed as Purchase Orders. Cadence shall give Solvay notice as soon as possible if, at any time, Cadence believes in good faith that the actual requirements for Bulk Drug Substance for Cadence, its Affiliates and Sublicensees for any given year will be significantly different than the Requirements Forecasts provided to Solvay for such year. In such an event, Solvay and Cadence will discuss making a corresponding adjustment to the binding portion of Solvay’s Production Capacity for the same year.
Sample 1
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