Examples of Contracted Doses in a sentence
Subject to the foregoing, including any requirement by Pfizer to divert Product to another market, Pfizer shall decide on necessary adjustments to the number of Contracted Doses and Delivery Schedule due to the Purchaser to reflect such shortages based on principles to be determined by Pfizer under the then existing circumstances (“Allocation”) which shall be set out in such notice.
In the event that this Agreement is terminated by Pfizer under this Section 6.2, Purchaser shall pay within thirty (30) days of the date of notice of termination of this Agreement the full Price for all Contracted Doses less amounts already paid to Pfizer as of such date.
This Agreement shall commence on the Effective Date and shall continue until delivery of the Contracted Doses of the Product under the accepted Purchase Order, unless extended or terminated pursuant to this Section 6 (Term; Termination), or the mutual written agreement of the Parties, or pursuant to Section 9.6 (“Term”).
Pfizer shall include the following information on all invoices: the Purchase Order number and billing address; and shall also include, where applicable, the type description, part number (if any) and number of Contracted Doses delivered; the delivery date; the actual date of shipment; the Price; any applicable taxes or other charges provided for in the Purchase Order; and the ship-to destination.
Purchaser may invoice Pfizer for a refund of fifty percent (50%) of the Advance Payment for the initial 249,795 Contracted Doses not delivered (as determined ratably for the doses not delivered) except for cases where the cause of the termination is mainly or solely attributable to Purchaser.
In the event this Agreement is terminated pursuant to this Section 6.3(a), the return of fifty percent (50%) Advance Payment shall be Purchaser’s sole and exclusive remedy for the failure to deliver any Contracted Doses.
In such case and this Agreement is terminated, the return of Advance Payment for amounts not delivered shall be Purchaser’s sole and exclusive remedy for the Contracted Doses, or portion thereof, that were not delivered to Purchaser.
The total fair value of the contracts as at December 26, 2020 resulted in the recognition of no derivative asset (December 28, 2019 – below $0.1 million; March 28, 2020 – $3.8 million), and a derivative liability of $1.7 million (December 28, 2019 – $0.8 million; March 28, 2020 – no derivative liability).
Purchaser may invoice Pfizer for a refund of one hundred percent (100%) of the Advance Payment for the Contracted Doses not delivered (as determined ratably for the doses not delivered) except for cases where the cause of the termination is mainly or solely attributable to Purchaser.
Cost is determined on a weighted average cost basis (AVCO) and comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and condition.