Buffer Stock Provisions Sample Clauses

Buffer Stock Provisions are contractual terms that require a party to maintain a minimum reserve of goods, materials, or resources to ensure continuous supply or performance. Typically, these provisions specify the quantity and type of stock to be held, and may outline procedures for replenishment if levels fall below the agreed threshold. By mandating a buffer stock, the clause helps prevent disruptions caused by supply chain delays or unexpected demand, thereby ensuring reliability and stability in fulfilling contractual obligations.
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Buffer Stock Provisions. A. Seller agrees to maintain [*] of buffer stock in finished goods inventory for shipment at Buyer's request. The [*] buffer stock requirement shall be calculated as the average [*] demand calculated over the next [*] of demand forecasted by the Buyer via the Electronic Commerce [*] and the previous [*] weeks of consumption. B. Buffer stock may not be used to meet the Buyer's flexibility requirements. Seller shall use commercially reasonable efforts to replenish within [*] weeks of the Buyer's consumption. C. Buffer stocks must be maintained in current dates and revisions consistent with Buyer's specification(s). THIS EXHIBIT IS AGREED TO AS OF THE DATE OF SIGNATURE BELOW, BY AND BETWEEN: For the Buyer For the Seller -------------------------------- -------------------------------- Signature Signature -------------------------------- -------------------------------- Name Name -------------------------------- -------------------------------- Title Title -------------------------------- -------------------------------- Date Date * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
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Buffer Stock Provisions. A. Seller agrees to maintain [*] of buffer stock in finished goods inventory for shipment at Buyer's request. The [*] buffer stock requirement shall be calculated as the average [*] demand calculated over the next [*] of demand forecasted by the Buyer via the Electronic Commerce [*] and the previous [*] weeks of consumption. B. Buffer stock may not be used to meet the Buyer's flexibility requirements. Seller shall use commercially reasonable efforts to replenish within [*] weeks of the Buyer's consumption. C. Buffer stocks must be maintained in current dates and revisions consistent with Buyer's specification(s). THIS EXHIBIT IS AGREED TO AS OF THE DATE OF SIGNATURE BELOW, BY
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Related to Buffer Stock Provisions

  • Change in Control Provisions Notwithstanding anything to the contrary in these Terms and Conditions, the following provisions shall apply to all Stock Units granted under the attached Award Agreement.

  • Vesting Provisions Subject to the provisions of paragraph 3 below, the Option shall vest 33⅓% on each of July 31, 2023, July 31, 2024 and July 31, 2025, except as follows:

  • Forfeiture Provisions The performance security shall contain forfeiture provisions for failure, after proper notice, to complete work within the time specified, or to initiate or maintain any actions which may be required of the applicant or owner in accordance with this ordinance, approvals issued pursuant to this ordinance, or an operation and maintenance agreement established pursuant to this ordinance.

  • Lock-Up Provisions (a) The Subject Party hereby agrees not to, during the period commencing from the Closing and ending on the earliest of (x) six (6) months after the date of the Closing and (y) the date after the Closing on which the Purchaser consummates a liquidation, merger, capital stock exchange, reorganization, or other similar transaction with an unaffiliated third party that results in all of the Purchaser’s stockholders having the right to exchange their shares of the Purchaser Common Stock for cash, securities, or other property (the “Lock-Up Period”): (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Restricted Securities, or (iii) publicly disclose the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii), or (iii) above is to be settled by delivery of Restricted Securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii), or (iii), a “Prohibited Transfer”). (b) The foregoing shall not apply to the transfer of any or all of the Restricted Securities (I) to any Permitted Transferee or (II) pursuant to a court order or settlement agreement related to the distribution of assets in connection with the dissolution of marriage or civil union; provided, however, that in either of cases (I) or (II), it shall be a condition to such transfer that such transfer complies with the Securities Act of 1933, as amended, and other applicable law, and that the transferee executes and delivers to the Purchaser an agreement stating that the transferee is receiving and holding the Restricted Securities subject to the provisions of this Agreement applicable to the Subject Party, and there shall be no further transfer of such Restricted Securities except in accordance with this Agreement. As used in this Agreement, the term “Permitted Transferee” shall mean: (1) the members of the Subject Party’s immediate family (for purposes of this Agreement, “immediate family” shall mean with respect to any natural person, any of the following: such person’s spouse or domestic partner, the siblings of such person and his or her spouse or domestic partner, and the direct descendants and ascendants (including adopted and step children and parents) of such person and his or her spouses or domestic partners and siblings), (2) any trust for the direct or indirect benefit of the Subject Party or the immediate family of the Subject Party, (3) if the Subject Party is a trust, to the trustor or beneficiary of such trust or to the estate of a beneficiary of such trust, (4) in the case of an entity, officers, directors, general partners, limited partners, members, or stockholders of such entity that receive such transfer as a distribution, or related investment funds or vehicles controlled or managed by such persons or their respective affiliates, (5) to any affiliate of the Subject Party, and (6) any transferee whereby there is no change in beneficial ownership. The Subject Party further agrees to execute such agreements as may be reasonably requested by the Purchaser that are consistent with the foregoing or that are necessary to give further effect thereto.

  • Anti-takeover Provisions and Rights Plan The Board of Directors of the Company (the “Board of Directors”) has taken all necessary action to ensure that the transactions contemplated by this Agreement and the consummation of the transactions contemplated hereby will be exempt from any anti-takeover or similar provisions of the Company’s Charter and bylaws, and any other provisions of any applicable “moratorium”, “control share”, “fair price”, “interested stockholder” or other anti-takeover laws and regulations of any jurisdiction.