Rolling Monthly Forecast definition
Examples of Rolling Monthly Forecast in a sentence
In the event Company fails to purchase the Monthly Purchase Requirement in any given month, it shall not be a default hereunder provided that Company (i) purchases at least fifty (50%) percent of such Monthly Purchase Requirement of Products and Packaged Tablets every month and (ii) purchases a cumulative quantity of Products and Packaged Tablets of at least eighty (80%) per cent of the Rolling Monthly Forecast for the applicable month and subsequent two (2) months.
Provided that Manufacturer has the capacity and is not in default of its obligations hereunder, the Company shall purchase at least eighty percent (80%) (the “Monthly Purchase Requirement”) of the forecasted quantity of Products or Packaged Tablets set forth in the most recent Rolling Monthly Forecast provided by the Company pursuant to Section 3.2(a) for the applicable month.
In the event Company fails to purchase the Monthly Purchase Requirement in any given month, it shall not be a default hereunder provided that Company (i) purchases at least [***] of such Monthly Purchase Requirement of Products and Packaged Tablets [***]and (ii) purchases [***] Products and Packaged Tablets of [***] of the Rolling Monthly Forecast for [***].
Within [**] days of the Effective Date, the CT shall provide to the ST both a Rolling Monthly Forecast and a [**]-Year Forecast of expected Product Requirements and Placebo Requirements.
For clarity the Rolling Monthly Forecast delivered in […***…] of each calendar year shall be deemed the Annual Forecast on which Talis’ annual purchase commitments will be calculated for the following calendar year, as described in additional detail in Section 3.4(a).
Provided that Manufacturer has the capacity and is not in default of its obligations hereunder, the Company shall purchase [***] (the “Monthly Purchase Requirement”) of the forecasted quantity of Products or Packaged Tablets set forth in the most recent Rolling Monthly Forecast provided by the Company pursuant to Section 3.2(a) for the applicable month.
In the event Supplier’s manufacturing capacity is insufficient to meet the quantity of Products requested by Purchaser in a Purchase Order or the quantity set forth in a Rolling Monthly Forecast, Supplier shall notify Purchaser of such circumstances as soon as possible, but in no event later than ten (10) Business Days from the date of receipt of such Purchase Order or Rolling Monthly Forecast, and RDR and/or RDO shall be entitled to reduce the Worldwide Minimum Purchase Quantities specified in Exhibit D.
Until such time as the Guaranteed Minimum Order Quantity has been ordered, the quantities in the forecast may be adjusted upward or downward by SpectraPoint for any production month within the Rolling Monthly Forecast timeframe in an amount not to exceed the percentage deviations set forth below.
REMEC shall accept all Purchase Orders until the Guaranteed Minimum Commitment Quantity has been provided and shall signify the acceptance of each Purchase Order Amendment that is consistent with the prior month's Rolling Monthly Forecast by endorsing and returning a signed copy of the Purchase Order amendments to SpectraPoint by the 25th day of the month.
For clarity, other than as set forth in Section 2 of this Purchase Agreement or as secured by a binding Purchase Order as set forth in Section 3.5 of this Purchase Agreement, each Rolling Monthly Forecast shall be non-binding on both Parties; rather, the Rolling Monthly Forecasts will reflect Talis’s good faith expectation, at the time of submission of the forecast, of the quantity of Products Talis expects to order during the applicable [...***...] period.