Common use of Long-Range Forecasts Clause in Contracts

Long-Range Forecasts. Upon execution of this AGREEMENT, and thereafter at least six (6) months prior to the commencement of each succeeding calendar year, commencing with the first (1st) calendar year, MEDICIS shall provide HMRI with a rolling annual forecast of the quantities of LOPROX LOTION, by finished dosage form and package size (SKU), with the first two (2) calendar years divided by months, that MEDICIS intends to order during the five (5) year period commencing with that calendar year or part thereof. The parties acknowledge that such forecasts shall represent reasonable good faith estimates, and not purchase or supply commitments.

Long-Range Forecasts. Upon execution of this AGREEMENT, and thereafter at least six (6) months prior to the commencement of each succeeding calendar year, commencing with the first (1st) calendar year, MEDICIS shall provide HMRI HMR GmbH with a rolling annual forecast of the quantities of LOPROX LOTIONeach HMR MANUFACTURED PRODUCT, by finished dosage form and package size (SKU), with the first two (2) calendar years year divided by months, that MEDICIS intends to order during the five (5) year period commencing with that calendar year or part thereof. The parties acknowledge that such forecasts shall represent reasonable good faith estimates, and not purchase or supply commitments.