Common use of Volume Commitment Clause in Contracts

Volume Commitment. (a) Customer agrees to purchase annually from TSMC, either itself or through its Affiliates, the Customer Committed Capacity set forth for such year on Exhibit B and, subject to the payment of the Option Fee by Customer under Section 5 below, TSMC agrees to provide to Customer the TSMC Committed Capacity, as set forth in Exhibit B. In any calendar year, the orders placed by Customer or its Affiliates shall first apply to fulfill the Base Capacity portion of the Customer Committed Capacity, and then the Option Capacity portion.

Appears in 2 contracts

Samples: Option Agreement (Adaptec Inc), Option Agreement (Adaptec Inc)

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Volume Commitment. (a) Customer agrees to purchase annually from form TSMC, either itself or through its Affiliates, the Customer Committed Capacity set forth for such year on Exhibit B and, subject to the payment of the Option Fee by Customer under Section 5 below, TSMC agrees to provide to Customer the TSMC Committed Capacity, as set forth in Exhibit B. In any calendar calender year, the orders placed by Customer or its Affiliates shall first apply to fulfill the Base Capacity portion of the Customer Committed Capacity, and then the Option Capacity portion.

Appears in 2 contracts

Samples: Option Agreement (Adaptec Inc), Option Agreement (Adaptec Inc)

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Volume Commitment. (a) Customer agrees to purchase Purchase annually from TSMC, either itself or through its Affiliates, the Customer Committed Capacity set forth for such year on Exhibit B and, subject to the payment of the Option Fee by Customer under Section 5 below, TSMC agrees to provide to Customer the TSMC Committed Capacity, as set forth in Exhibit B. In any calendar year, the orders placed by Customer or its Affiliates shall first apply to fulfill the Base Capacity portion and the Option to Base Capacity portions of the Customer Committed Capacity, and then the Option Capacity portion.

Appears in 1 contract

Samples: Option Agreement (Adaptec Inc)

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