Quarterly Orders Clause Samples
The "Quarterly Orders" clause establishes the requirement for orders to be placed or fulfilled on a quarterly basis. Typically, this means that the buyer must submit purchase orders, or the seller must deliver goods or services, every three months according to a predetermined schedule. For example, a supplier might be obligated to deliver a set quantity of products at the start of each quarter, or a customer may be required to confirm their needs for the upcoming quarter in advance. This clause ensures regularity and predictability in the ordering process, helping both parties plan production, inventory, and cash flow more effectively.
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Quarterly Orders. On the first day of each Trading Window during the Term of the Trading Plan, Client and the other Participating Persons hereby instruct Broker to enter the orders set forth below. Each order will be good until filled or until the end of the Trading Window. The orders in each quarter are intended to be cumulative, so that if (for example) the price exceeds $22.50 during a Trading Window, aggregate orders for the Participating Persons covering up to 40,000 shares will be triggered of which 20,000 shares must be sold for a price of at least $12.50; 10,000 shares must be sold for a price of at least $17.50, and 10,000 shares must be sold for at least $22.50. A quarterly “Trading Window” will begin on the 15th day of February, May and August and on the 30th of November and end on the 15th day of the next month (March, June, September and December, respectively). All trades for the Participating Persons under this Appendix A will be placed in a master account numbered 0872-4549 and upon execution will be allocated among the Participating Persons as follows: the first 20,000 shares sold in any quarter will be allocated as nearly as equally as possible to The Pegasus Foundation and The C▇▇▇▇▇▇ Family Foundation so long as either is still selling shares under its Trading Plan. Sales in excess of 20,000 shares in any quarter will be allocated as nearly as equally as possible among all the Participating Persons on the date of sale.
Quarterly Orders. Quarterly order forms will be made available at the canteens for the general inmate population. The inmate will fill out the quarterly form and send the order form to the Contractor in the warehouse during the first week of the first month of the quarter. The Contractor will review the forms for accuracy and completeness, verify all prices and add sales tax to determine the total sales amount. The Contractor will complete the listing with inmate name, DC#, and individual amount indicated. Total sales amount will be compared with available inmate funds. The sales amount will be deducted from the inmate’s account, and the total consolidated order will be processed. Upon receipt of the items, the items will be forwarded to the Property Officer for distribution to inmates.
2. Section II., E., 9., Price Increases, the following sentence is added:
Quarterly Orders. Attached hereto as Exhibit 7.11 is Schering's Purchase Order for the entire calendar year 1993, which order Chiron hereby accepts. Beginning with the purchase order for the first calendar quarter of 1994, Schering shall place written purchase orders for Vials (and any Acid Paste or G-75 it may require) on a quarterly basis, not less than one hundred eighty (180) days prior to the commencement of the calendar quarter for which the Vials (or Acid Paste or G-75) are desired. Each purchase order shall specify requested delivery dates (and shall indicate whether Schering will provide the packaging and labels for any of the Vials pursuant to Section 8.9) and, if appropriate, divide the Vials intended for U.S. and non-U.S. markets, and shall be net of (although it shall identify) any Vials to be supplied by BI (or other supplier) as permitted hereunder. Unless otherwise agreed by the Parties in writing, such purchase orders shall specify delivery dates that ratably distribute the delivery of Vials among each of the months included in such calendar quarter. No less than 150 days before the commencement of the quarter in which the product is to be delivered, Chiron shall, in writing, advise Schering, in good faith, of the number of Vials which it accepts for delivery during that period, and Schering shall be entitled to rely on such advice for purposes of obtaining alternate supplies of Betaseron to make up any shortfall in such supplies. Any orders placed hereunder shall be rounded upward, if necessary, to a reasonably whole Lot. Chiron shall use its best efforts to accept purchase orders consistent with its Capacity and to deliver the number of Vials that it has accepted for delivery. To the extent Schering places orders other than such regular quarterly orders, or to the extent that any orders accelerate the estimated delivery schedule, Chiron shall use reasonably diligent efforts to supply such quantities so ordered. At the request of either Party, the Parties shall meet and confer in good faith regarding the establishment of a different ordering schedule to take account of market conditions, regulatory approval lag times, or manufacturing time. If, after the Initial Sales Period, Chiron, having accepted an order, fails timely to deliver the full amount of such order, then Schering shall (without limiting any other rights hereunder) be reimbursed for the additional costs and expenses reasonably incurred by Schering and directly arising from such failure, includ...
Quarterly Orders. Beginning with the purchase order for the first calendar quarter prior to the First Commercial Sale, Schering shall place written purchase orders for vials or what ever form of the final container for such Exogenous Ribozyme Product (hereinafter referred to as "vials") on a quarterly basis, not less than one hundred eighty (180) days prior to the commencement of the calendar quarter for which the vials are desired. Each purchase order shall specify requested delivery dates and, if appropriate, divide the vials intended for U.S. and non- U.S. markets, and shall be net of (although it shall identify) any vials to be supplied
Quarterly Orders. Quarterly order forms will be made available at the canteens for the general population. The inmate will fill out the quarterly form and send the order form to the Contractor in the warehouse during the first week of the first month of the quarter. The Contractor will review the forms for accuracy and completeness, verify all prices and add sales tax to determine the total sales amount. The Contractor will complete the listing with inmate name, DC#, and individual amount indicated. Total sales amount will be verified against total of the inmates’ order forms and verified for funds. The sales amount will be deducted from the inmate’s account, and the total consolidated order will be placed with Access Catalog. Upon receipt of the items from Access Catalog, the items will be forwarded to the Property Officer for distribution to inmates.
Quarterly Orders. Master Distributor shall provide Company, at the time of payment of the Quarterly PPD, with completed Purchase Orders for Products to be delivered during that quarter, and the value of such orders (calculated by multiplying the quantity of Products ordered by their respective price per item listed on Exhibit 1) shall be credited against the PPD for such quarter upon delivery to Master Distributor as provided herein. Orders during any quarter which exceed in value the amount of the PPD applicable to that quarter shall be paid by Master Distributor- within thirty days from the invoice date for such Products, and Master Distributor shall not be allowed to credit such additional purchases against future PPDs unless expressly provided herein or otherwise agreed by Company in writing.