Firm Order definition
Examples of Firm Order in a sentence
If Company does not accept or provide any reasons for rejecting such Firm Order within such ten (10) Business Day period and such Firm Order is fully consistent with the Binding Forecast, the Minimum Order Quantity and a lead time of at least [***] from Company’s receipt of the Firm Order, then such Firm Order shall be deemed accepted by Company.
The quantity, models, specifications, and National Account or Direct Sale Customer Prices for this Firm Order are set forth in the Order Details Addendum attached as Exhibit A .
Company will provide Licensee with monthly written updates of all confirmed delivery dates for Licensed Product for all then outstanding Firm Orders, together with details of the applicable delivery date for each such Firm Order.
Unless otherwise agreed for a specific order with Company, Licensee acknowledges and agrees that each Firm Order shall be consistent with the Minimum Order Quantity and a lead time of [***]; provided, that once per Calendar Year during the Term, Licensee may issue one (1) Firm Order for [***] Units of an individual SKU and such Firm Order shall be deemed consistent with the Minimum Order Quantity.
If Company rejects a Firm Order, Company shall provide its reasons for the rejection within ten (10) Business Days of receipt of the Firm Order and, if requested by either Party, the Parties in good faith will discuss the reasons for the rejection and will consider Firm Order amendments that are proposed by either Party.