Common use of Performance Commitment Clause in Contracts

Performance Commitment. A. CSP shall be permitted to purchase IPG Products directly from HP only in the event that the individual HP CSP shall commit to and substantiate a minimum annual Ship-to dollar amount of one hundred million dollars ($100,000,000) in IPG Products. B. HP reserves the right, in its sole discretion, to permit a CSP to purchase IPG Products directly from HP despite CSP’s initial inability to substantiate an annual performance commitment as set forth above in Subsection 3(A). C. CSP’s annual performance commitment under this IPG Product Specific Addendum shall be for deliveries of IPG Products purchased over a twelve (12) month period. In the event the term of this IPG Product Specific Addendum is shorter than twelve (12) months, an applicable twelve (12) month performance commitment shall be calculated by projection over a full twelve (12) month term. D. HP shall review progress towards CSP’s performance commitment pertaining to this IPG Product Specific Addendum at any time in its sole discretion. In the event CSP’s projected performance commitment falls below the actual performance commitment, HP reserves the right to terminate the Agreement or this IPG Product Specific Addendum for cause.

Performance Commitment. A. CSP shall be permitted to purchase IPG ProCurve Products directly from HP only in the event that the individual HP CSP shall commit to and substantiate a minimum annual Ship-to dollar amount of one hundred ten million dollars ($100,000,00010,000,000) in IPG ProCurve Products. B. HP reserves the right, in its sole discretion, to permit a CSP to purchase IPG ProCurve Products directly from HP despite CSP’s initial inability to substantiate an annual performance commitment as set forth above in Subsection 3(A). C. CSP’s annual performance commitment under this IPG ProCurve Product Specific Addendum shall be for deliveries of IPG ProCurve Products purchased over a twelve (12) month period. In the event the term of this IPG ProCurve Product Specific Addendum is shorter than twelve (12) months, an applicable twelve (12) month performance commitment shall be calculated by projection over a full twelve (12) month term. D. HP shall review progress towards CSP’s performance commitment pertaining to this IPG ProCurve Product Specific Addendum at any time in its sole discretion. In the event CSP’s projected performance commitment falls below the actual performance commitment, HP reserves the right to terminate the Agreement or this IPG ProCurve Product Specific Addendum for cause.