Common use of Failure to Meet Minimum Sales Clause in Contracts

Failure to Meet Minimum Sales. In the event that PKI fails to meet the quarterly minimum sales for GSI Products for three (3) consecutive calendar quarters, GSI, in its sole discretion and upon notice to PKI, may convert PKI's right to sell, market, distribute and provide field services for GSI Products outside of the Core Markets from exclusive to non-exclusive.

Appears in 3 contracts

Sources: Sales and Distribution Agreement (Genomic Solutions Inc), Sales, Marketing and Distribution Agreement (Genomic Solutions Inc), Sales, Marketing and Distribution Agreement (Genomic Solutions Inc)