Examples of Minimum Quantities in a sentence
In the absence of any notification from the Supplier, the Minimum Quantities from the previous Year will continue to apply.
Products purchased by the Buyer from these alternate suppliers will count towards the Minimum Quantities required under this agreement.
During each year of the Term, the Buyer shall buy a minimum of 40 Domes from the Supplier (the "Minimum Quantities") and the Buyer shall not acquire any Product or similar product from any third party.
If, without excuse either by law or under this agreement, the Buyer fails to purchase the Minimum Quantities from the Supplier and the Supplier is ready, willing, and able to tender the Product in the appropriate amounts, the Buyer shall pay the Supplier a sum of $42000 as liquidated damages, within 30 days of the end of the period described in section 1 above.
If, without excuse either by law or under this agreement, the Supplier fails to supply the Buyer with the Minimum Quantities, and the Buyer is ready, willing, and able to buy the Product in the appropriate amounts, the Supplier shall pay the Buyer a sum of $30000 as liquidated damages, within 30 days of the end of the period described described in section 1 above.