Common use of Binding Orders Clause in Contracts

Binding Orders. Gen-Probe expects to order [***] Production Instruments from KMC to be shipped during the initial [***] consecutive months of the Production Phase and to purchase a total of [***] Production Instruments from KMC during the initial four (4) consecutive years of the Production Phase; provided, however, that a binding obligation on Gen-Probe's part to purchase Production Instruments from KMC shall be created only as and when Gen-Probe issues purchase orders in accordance with terms set forth in this Agreement, including without limitation Section 6.3.

Appears in 2 contracts

Sources: Development, License and Supply Agreement (Gen Probe Inc), Development, License and Supply Agreement (Gen Probe Inc)