Minimum Orders. In each three-month period (a "Quarter") during the Term, VisiJet will submit Firm Orders for no less than Eighty Five Percent (85%) of the quantities specified in the then current Annual Forecast for such Quarter. ▇▇▇▇▇▇▇ shall not be required to accept Firm Orders during any Quarter which, in the aggregate, specify a quantity of Products greater than the One Hundred Twenty percent (120%) of the quantity forecasted for such Quarter in the most recent Annual Forecast. Yearly minimum purchases are defined in Schedule C.
Appears in 2 contracts
Sources: Manufacturing Agreement (Advanced Refractive Technologies, Inc.), Manufacturing, Supply and Distribution Agreement (Visijet Inc)
Minimum Orders. In each three-month period (a "Quarter") during the Term, VisiJet will submit Firm Orders for no less than Eighty Five Percent (85%) [****] of the quantities specified in the then current Annual Forecast for such Quarter. ▇▇▇▇▇▇▇ shall not be required to accept Firm Orders during any Quarter which, in the aggregate, specify a quantity of Products greater than the One Hundred Twenty percent (120%) [****] of the quantity forecasted for such Quarter in the most recent Annual Forecast. Yearly minimum purchases are defined in Schedule C.
Appears in 1 contract
Sources: Manufacturing, Supply and Distribution Agreement (Visijet Inc)