Common use of Orders and Forecasts Clause in Contracts

Orders and Forecasts. Every fiscal month, Maxtor shall issue to IMS binding purchase orders ("Orders") for Products, covering a thirteen (13) week period from such issue date and a nonbinding forecast for an additional subsequent thirteen (13) week period. No Order shall be binding upon IMS unless accepted by IMS in writing, subject to Section 7.3 ("Sales Commitment"), provided that if such written acceptance is not received by Maxtor within five (5) working days from date of Order issuance, said Order shall be deemed accepted.