Examples of Binding Period in a sentence
In the event OptiNose issues Purchase Orders for unit quantities in excess of such [***] of the Rolling Forecast for an applicable Binding Period (rounding such calculation up to the nearest batch size) or requests a change to a Purchase Order to increase unit quantities, Hikma shall make a determination, in its sole discretion, whether to accept (wholly or in part) or reject such Purchase Orders for additional quantities or requested increases.
During the first business week of each calendar month, OptiNose will issue a new Rolling Forecast which shall be updated monthly by OptiNose no later than the fifth (5th) business day of each calendar month with the Binding Period updated with each Rolling Forecast to include the new [***] of the going forward [***] Rolling Forecast.