Common use of Order Acknowledgment Clause in Contracts

Order Acknowledgment. Purchase of Products will be initiated by an issuance of an Order by VOLCANO. EI will acknowledge the Order with a delivery date. If an Order exceeds the Forecast or shortens the Purchase Order Lead Time, EI will use its commercially reasonable efforts to fill such excess or accommodate such shorter Purchase Order Lead Time. Any expedite fees associated with an order in excess of Forecast will be agreed by both Parties in advance of any action or work to fulfill the Order.

Appears in 2 contracts

Sources: Manufacturing Services Agreement (Volcano CORP), Manufacturing Services Agreement (Volcano CORP)