Common use of Minimum Requirement Clause in Contracts

Minimum Requirement. During each Contract Year, Client shall purchase the minimum number of units of Product (“Minimum Requirement”) set forth on Exhibit B. If Client does not purchase such Minimum Requirement during any Contract Year, within […***…] after the end of such Contract Year, Client shall pay Catalent the difference between (A) the total amount Client would have paid to Catalent if the Minimum Requirement had been fulfilled for the Product and (B) the sum of all purchases from Catalent for the Product during the just-concluded Contract Year.

Appears in 4 contracts

Sources: Softgel Commercial Manufacturing and Packaging Agreement, Softgel Commercial Manufacturing and Packaging Agreement (Insys Therapeutics, Inc.), Softgel Commercial Manufacturing and Packaging Agreement (Insys Therapeutics, Inc.)

Minimum Requirement. During each Contract Year, Client shall purchase the minimum number of units of Product (“Minimum Requirement”) set forth on Exhibit B. If Client does not purchase such Minimum Requirement during any Contract Year, within […***…] thirty (30) days after the end of such Contract Year, Client shall pay Catalent the difference between (A) the total amount Client would have paid to Catalent during the just-concluded Contract Year if the Minimum Requirement had been fulfilled for the Product and (B) the sum of all purchases from Catalent for the Product during the just-concluded Contract Year.

Appears in 3 contracts

Sources: Softgel Commercial Manufacturing Agreement (Blue Water Acquisition Corp.), Softgel Commercial Manufacturing Agreement (Clarus Therapeutics Inc), Softgel Commercial Manufacturing Agreement (Clarus Therapeutics Inc)

Minimum Requirement. During each Contract Year, Client shall purchase the minimum number of units of Product set forth on Attachment B (“Minimum Requirement”) set forth on Exhibit B. ). If Client does not purchase such Minimum Requirement during any Contract Year, then within [***] ([***]) days after the end of such Contract Year, Client shall pay Catalent [***] percent ([***]%) of the difference between (A) the total amount Client would have paid to Catalent if the Minimum Requirement had been fulfilled for the Product and (B) the sum of all purchases of Product from Catalent for the Product during the just-concluded such Contract Year.

Appears in 1 contract

Sources: Commercial Supply Agreement (TherapeuticsMD, Inc.)

Minimum Requirement. During each Contract Year, Client shall purchase the minimum number of units of Product (“Minimum Requirement”) set forth on Exhibit B. If Client does not purchase such Minimum Requirement during any Contract Year, within [***] after days of the end of such Contract Year, Client shall pay Catalent the difference between (A) the total amount Client would have paid to Catalent if an amount equal to the Minimum Requirement had been fulfilled for the Product and (B) the sum of all purchases from Catalent for the Product during the just-concluded Contract Yearcost of: [***].

Appears in 1 contract

Sources: Softgel Commercial Manufacturing Agreement (Blue Water Acquisition Corp.)

Minimum Requirement. During each Contract Year, Client shall purchase the minimum number of units of Product ("Minimum Requirement") set forth on Exhibit B. If Client does not purchase such Minimum Requirement during any Contract Year, within […***…] thirty (30) days after the end of such Contract Year, Client shall pay Catalent the difference between (A) the total amount Client would have paid to Catalent during the just-concluded Contract Year if the Minimum Requirement had been fulfilled for the Product and (B) the sum of all purchases from Catalent for the Product during the just-concluded Contract Year.

Appears in 1 contract

Sources: Softgel Commercial Manufacturing Agreement (Clarus Therapeutics Inc)