Common use of Long Range Forecast Clause in Contracts

Long Range Forecast. In addition to the rolling monthly forecast, no later than [***] years prior to the anticipated date of the FIRST COMMERCIAL SALE, and thereafter, by [***] of each CALENDAR YEAR, MERCK shall provide NASTECH with a long range plan containing a non-binding estimate of annual requirements of PRODUCT for the following [***] CALENDAR YEARS (each a "LONG RANGE PLAN"). If at any time, a LONG RANGE PLAN reasonably suggests any supply issue, particularly as it relates to production capacity, the parties shall discuss how to address the potential shortage.

Appears in 2 contracts

Sources: Supply Agreement, Supply Agreement (Nastech Pharmaceutical Co Inc)