Minimum Quantity Requirements Sample Clauses

Minimum Quantity Requirements. 9.1. Subject to clause 9.2 below, from September 1, 2001 to May 31, 2006, the Company hereby undertakes to purchase from Home Art a minimum quantity of Products, the total value of which shall not be less than US$44,000,000 (excluding VAT, or the equivalent thereof). The purchase schedule for the Term shall be as follows: Minimum Purchase Amount From September 1, 2001 to November 30, 2001 US$ 500,000 From December 1, 2001 to May 31, 2002 US$ 4,000,000 From June 1, 2002 to November 30, 2002 US$ 3,250,000 From December 1, 2002 to May 31, 2003 US$ 3,250,000 From June 1, 2003 to November 30, 2003 US$ 4,000,000 From December 1, 2003 to May 31, 2004 US$ 4,000,000 From December 1, 2004 to May 31, 2005 US$ 5,500,000 From June 1, 2005 to November 30, 2005 US$ 7,000,000 From December 1, 2005 to May 31, 2006 US$ 7,000,000 TOTAL US$ 44,000,000 9.2. The Company acknowledges that the UL approval for certain Products, namely VG-017, VG-017-P and VG - 010 as described in Schedule A hereto, has been requested and should be granted by September 1, 2001. However, in the event that such approval is not granted by September 1, 2001, then the parties shall negotiate the revision of the purchase schedule set forth above in order to reflect the actual date at which the approval is granted. ▇.▇. ▇▇ the event that the Company fails to respect the purchase schedule set forth at clause 9.1 above, as may be amended in accordance with clause 9.2 above, or in any subsequent six-month period of the Term as may be extended, then Home Art shall have the right to either revoke the exclusive right of the Company to distribute the Products (such that the right becomes non-exclusive), or to terminate this Agreement, with immediate effect, by advising the Company by written notice of its wish to do so. ▇.▇. ▇▇ the event that the Company satisfies the minimum quantity requirements contained in the purchase schedule at clause 9.1 above, as may be amended pursuant to clause 9.2 above, then the parties shall negotiate, in good faith, at the beginning of each subsequent year of the Term the six-monthly minimum quantity requirements to be achieved by the Company during each additional year of the Term.
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Minimum Quantity Requirements. Years 1, 2 and 3. Intersil shall source one hundred percent (100%) of its requirements for both Packaging and Test Services and PDC Services for both Existing Packages (excluding hermetic Packages, which shall be provided pursuant to Section 7.9 of this Agreement) and New Packages (in accordance with the right of first refusal to provide such Services for New Packages set forth in Section 3.2) from ChipPAC during Year One, Year Two and Year Three. Intersil/ChipPAC Confidential Years 4 and 5. During Year Four, Intersil shall source from ChipPAC a minimum of ninety percent (90%) of its requirements for Packaging and Test Services and for PDC Services (determined by reference to Intersil’s aggregate purchases of all packaging and test services and of all product distribution center services related to such packaging and test services from all Persons during Year Four) for both Existing Packages (excluding hermetic Packages, which shall be provided pursuant to Section 7.9 of this Agreement) and New Packages (in accordance with the right of first refusal to provide such Services for New Packages set forth in Section 3.2). During Year Five, Intersil shall source from ChipPAC a minimum of eighty percent (80%) of its requirements for Packaging and Test Services and for PDC Services (determined by reference to Intersil’s aggregate purchases of all packaging and test services and of all product distribution center services related to such packaging and test services from all Persons during Year Five) for both Existing Packages (excluding hermetic Packages, which shall be provided pursuant to Section 7.9 of this Agreement) and New Packages (in accordance with the right of first refusal to provide such Services for New Packages set forth in Section 3.2).
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Related to Minimum Quantity Requirements

  • Quality Requirements Performance Indicator Heading Indicator (specific) Threshold Method of Measurement Frequency of monitoring Consequence of Breach

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."