Minimum Purchase Obligation. Distributor shall target to purchase sufficient quantities (as attached in Schedule 4) of Goods to meet the minimum agreed targets throughout the life of this Agreement and as specified in Schedule 1 (“Minimum Target Obligation”). SBA may monitor progress towards the purchase obligation as deemed necessary in accordance with the audit procedures set out in Section 15. If Distributor fails to achieve the Minimum Purchase Obligation, SBA may enter a consultation period with Distributor to improve the situation, and if no improvement is evidenced within a period of one year then SBA will have the right to either: (a) terminate this Agreement under Section 8.2(a); or (b) refuse to renew this Agreement under Section 8.1.
Appears in 3 contracts
Sources: Exclusive Distribution Agreement (Slinger Bag Inc.), Exclusive Distribution Agreement (Slinger Bag Inc.), Exclusive Distribution Agreement (Slinger Bag Inc.)