Common use of Minimum Distribution Requirements Clause in Contracts

Minimum Distribution Requirements. The parties agree that Distributor shall retain the exclusive right and license to market, sell and distribute the Product in the Territory during the Term provided that the minimum threshold requirements set forth in this Section 2.2 are met. If such minimum threshold requirements are not met, Supplier may, in its sole discretion, retain other distributors to market, sell and distribute the Product in the Territory and/or terminate this Agreement. (a) During the period from May 1, 2006 through April 30, 2007, Distributor shall install the Product on at least the greater of Twenty-one (21) Course Equivalents or 1,500 Units in the Territory; (b) During the period from May 1, 2007 until expiration of the Initial Term, Distributor shall install the Product on at least the greater of Forty (40) Course Equivalents or 2,000 Units in the Territory; (c) During any Renewal Term, Supplier and Distributor shall agree in writing as to minimum requirement for the Renewal Term; and (d) If the parties extend this Agreement beyond the Term in accordance with Article 9, then the parties shall determine the minimum thresholds that are required each year in the additional Term(s); provided, however, that if the parties cannot agree to the minimum thresholds within 90 days of the expiration of the applicable Term, either party has the right to terminate this Agreement.

Appears in 6 contracts

Sources: Exclusive Licensing and Distribution Agreement (ProLink Holdings Corp.), Exclusive Licensing and Distribution Agreement (ProLink Holdings Corp.), Exclusive Licensing and Distribution Agreement (ProLink Holdings Corp.)

Minimum Distribution Requirements. The parties agree that Distributor shall retain the exclusive right and license to market, sell and distribute the Product in the Territory during the Term provided that the minimum threshold requirements set forth in this Section 2.2 are met. If such minimum threshold requirements are not met, Supplier may, in its sole discretion, retain other distributors to market, sell and distribute the Product in the Territory and/or terminate this Agreement.. Distribution Agreement - May 2008 (a) During the period from June 1st, 2008 through May 131st, 2006 through April 30, 20072009, Distributor shall install the Product on at least the greater of Twenty-one (21) 4 Course Equivalents or 1,500 160 Units in the Territory; (b) During the period from June 1st, 2009 through May 131st, 2007 until expiration of the Initial Term2010, Distributor shall install the Product on at least the greater of Forty (40) 6 Course Equivalents or 2,000 240 Units in the Territory; (c) During the period from June 1st, 2010 through May 31st, 2011, Distributor shall install the Product on at least the greater of 8 Course Equivalents or 320 Units in the Territory; (d) During any Renewal Term, Supplier and Distributor shall agree in writing as to minimum requirement for the Renewal Term; provided, however, that if the parties cannot agree to the minimum thresholds within 90 days of the expiration of the applicable Term, either party has the right to terminate this Agreement; and (de) If the parties extend this Agreement beyond the Term in accordance with Article 9, then the parties shall determine the minimum thresholds that are required each year in the additional Term(s); provided, however, that if the parties cannot agree to the minimum thresholds within 90 days of the expiration of the applicable Term, either party has the right to terminate this Agreement.

Appears in 1 contract

Sources: Exclusive Licensing and Distribution Agreement (ProLink Holdings Corp.)

Minimum Distribution Requirements. The parties agree that Distributor shall retain the exclusive right and license to market, sell and distribute the Product in the Territory during the Term provided that the minimum threshold requirements set forth in this Section 2.2 are met. If such minimum threshold requirements are not met, Supplier may, in its sole discretion, retain other distributors to market, sell and distribute the Product in the Territory and/or terminate this Agreement.. Distribution Agreement – June 2008 (a) During the period from May 114, 2006 2008 through April 30December 31, 20072009, Distributor shall install the Product on at least the greater of Twenty-one (21) 6 Course Equivalents or 1,500 300 Units in the Territory; (b) During the period from May January 1, 2007 until expiration of the Initial Term2010 through December 31, 2010, Distributor shall install the Product on at least the greater of Forty (40) 8 Course Equivalents or 2,000 240 Units in the Territory; (c) During the period from January 1, 2011 through December 31, 2011, Distributor shall install the Product on at least the greater of 10 Course Equivalents or 400 Units in the Territory; (d) During any Renewal Term, Supplier and Distributor shall agree in writing as to minimum requirement for the Renewal Term; provided, however, that if the parties cannot agree to the minimum thresholds within 90 days of the expiration of the applicable Term, either party has the right to terminate this Agreement; and (de) If the parties extend this Agreement beyond the Term in accordance with Article 9, then the parties shall determine the minimum thresholds that are required each year in the additional Term(s); provided, however, that if the parties cannot agree to the minimum thresholds within 90 days of the expiration of the applicable Term, either party has the right to terminate this Agreement.

Appears in 1 contract

Sources: Exclusive Licensing and Distribution Agreement (ProLink Holdings Corp.)