Common use of Remedy for Failure to Achieve Minimum Commitment Clause in Contracts

Remedy for Failure to Achieve Minimum Commitment. If Nortel Networks fails to meet the Minimum Commitment for any reason other than those set out in Section 1.3.3(B), (C), (D) or (E) above, Nortel Networks shall compensate Flextronics [•]. The Parties will negotiate such costs in good faith.

Appears in 3 contracts

Samples: Master Contract Manufacturing Services Agreement (Nortel Networks LTD), Master Contract Manufacturing Services Agreement (Nortel Networks LTD), Master Contract Manufacturing Services Agreement (Nortel Networks Corp)

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Remedy for Failure to Achieve Minimum Commitment. If Nortel Networks fails to meet the Minimum Commitment for any reason other than those set out in Section 1.3.3(B3.3.1(A), (C), (DB) or (EC) above, Nortel Networks shall compensate Flextronics for [•]. The Parties will negotiate such costs in good faith.

Appears in 3 contracts

Samples: Repair Services Agreement (Nortel Networks Corp), Master Repair Services Agreement (Nortel Networks LTD), Master Repair Services Agreement (Nortel Networks LTD)

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