Common use of Binding Purchase Orders Clause in Contracts

Binding Purchase Orders. At the Closing and with each Binding Forecast referenced in Section 2.2 hereof, an authorized representative of LDS shall furnish to Columbia a binding purchase order (each, a "PURCHASE ORDER") for the quantity of the Products by country which LDS shall purchase and Columbia shall deliver. Columbia shall acknowledge receipt of such Purchase Order and confirm that the Purchase Order can be supplied. Each such Purchase Order shall designate the quantity of the Products ordered by country, taking into consideration the fact that only full batch quantities may be ordered, production yields may vary, and full batch quantities may consist of more or less than the specified number of units.

Appears in 1 contract

Sources: Supply Agreement (Columbia Laboratories Inc)

Binding Purchase Orders. At the Closing and with With each Binding Forecast referenced in Section 2.2 7.1 hereof, an authorized representative of LDS Ascend shall furnish to Columbia a binding purchase order (each, a "PURCHASE ORDER"“Purchase Order”) for the quantity of the Products by country Product which LDS Ascend shall purchase and Columbia shall deliver. Columbia shall acknowledge receipt of such Purchase Order and confirm that the Purchase Order can be supplied. Each such Purchase Order shall designate the quantity of the Products ordered by countryProduct, taking into consideration the fact that only full batch quantities may be ordered (except in the first calendar year of the Term when [***]may be ordered), production yields may vary, and full batch quantities may consist of more or less than the specified number of units.

Appears in 1 contract

Sources: License and Supply Agreement (Columbia Laboratories Inc)