Common use of Minimum Quantity Clause in Contracts

Minimum Quantity. 8.1 The Distributor shall buy US Products for at least eighty (80) per cent of the total value of the agreed forecast as mentioned in Appendix 2. 8.2 If the Distributor does not comply with its obligation in this Article 8, Clause 8.1 above, the Vendor shall be entitled to convert the exclusive rights for the US Products as mentioned under Article 2 ABOVE TO A NONexclusive right by registered letter within ninety (90) days after each forecasting period on giving thirty (30) days notice. Failure to comply with the obligations in Article 8, Clause 8.1 shall not be a material breach of this Agreement and the Vendor sole and exclusive remedy for such failure is set forth in this Clause 8.2. 8.3 The Distributor shall purchase Haemofix Blood Lancet within the term of this Agreement an accordance to the schedule in Appendix 2. At no time during the first two twelve (12) month time periods, as stipulated in Appendix 2, can the order quantities of the Products fall below the minimum quantities set forth in the APPENDIX 2. AT NO TIME during the twelve months periods, three (3) through four (4) inclusive, as stipulated an Appendix 2, can the order QUANTITIES OF the Products fall more than twenty (20) per cent below the minimum quantities set forth in Appendix 2.