Purchase Order Variations and Raw Materials Inventory Sample Clauses

Purchase Order Variations and Raw Materials Inventory. From and ----------------------------------------------------- after the time that LifeScan places purchase orders for more than 10,000 units per month and so long as orders continue at such rate, LifeScan may vary its purchase order quantities and schedules for any specific month from LifeScan's previous purchase order quantities for such month as follows: -------------------------------------------------------------------------------- CONFIDENTIAL [*] = CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. ----------------------------------------------------------------------------------------- Allowable Allowable Allowable Maximum Month Prior to Quantity Quantity Quantity Reschedule Date of Delivery Increases Cancelable Reschedulable Period ----------------------------------------------------------------------------------------- [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] ----------------------------------------------------------------------------------------- There will be no cancellation charge for orders canceled within the allowable time frames and quantities set forth above. Any purchase order quantities rescheduled pursuant to this Section 7.2 may not subsequently be canceled or rescheduled by LifeScan without the prior written approval of ENACT. ENACT shall notify the LifeScan buyer by telephone immediately upon knowledge that any order quantity exceeds ENACT's capacity constraints and shall within one (1) week confirm this notification in writing by fax or by letter with the identity of the limiting factor(s) preventing ENACT from fulfilling the LifeScan order. Once LifeScan places purchase orders for more than 10,000 units per month and so long as orders continue at such rate, to assure a continuing source of supply of Products and to support the flexibility requirements specified above, ENACT shall during the term of this Agreement purchase, and retain certain mutually agreed upon raw materials in inventory at its manufacturing location. The quantities maintained in such inventory shall be modified from time to time, but no more often than quarterly, based upon LifeScan's actual and forecasted usage. Products maintained in such inventory are to be used solely for fulfilling LifeScan Purchase Orders and are to be continuously cycled to LifeScan on a First-In, First-Out basis. Title to all such inventory shall remain in ENACT until s...
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Related to Purchase Order Variations and Raw Materials Inventory

  • Raw Materials A. Catalent shall procure Raw Materials only from vendors that are approved in writing by Palatin or otherwise qualified in accordance with the provisions of the Quality Agreement. Catalent shall be responsible for procuring Raw Materials as necessary to meet the Firm Commitment. Catalent shall not be liable for any delay in delivery of Product if (i) Catalent is unable to obtain, in a timely manner, a particular Raw Material necessary for Processing and (ii) Catalent placed orders for such Raw Materials promptly following receipt of Palatin’s Firm Commitment. In the event that any Raw Material becomes subject to purchase lead time beyond the Firm Commitment time frame, the parties will negotiate in good faith an appropriate amendment to this Agreement, including Clause 4.2. B. In certain instances, Palatin may require a specific supplier, manufacturer or vendor (“Vendor”) to be used for Raw Material. In such an event, (i) such Vendor will be identified in the Specifications and (ii) the Raw Materials from such Vendor shall be deemed Palatin-supplied Materials for purposes of this Agreement. If the cost of the Raw Material from any such Vendor (other than a Vendor specified in the Specifications as of the Effective Date) is greater than Catalent’s costs for the same raw material of equal quality from other vendors, Catalent shall add the difference between Catalent’s cost of the Raw Material and the Vendor’s cost of the Raw Material to the Unit Pricing. Palatin will be responsible for all reasonable, out-of-pocket costs incurred by Catalent associated with qualification of any such Vendor who has not been previously qualified by Catalent. C. In the event of (i) a Specification change for any reason, (ii) obsolescence of any Raw Material or (iii) termination or expiry of this Agreement, Palatin shall bear the cost of any unused Raw Materials (including packaging), so long as Catalent (a) purchased such Raw Materials in quantities consistent with Palatin’s then current Firm Commitment and any minimum purchase obligations required by the vendor and (b) used commercially reasonable efforts to mitigate such costs by using any such unused Raw Materials in the manufacture of other products.

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  • Purchase Order Pricing/Product Deviation If a deviation of pricing/product on a Purchase Order or contract modification occurs between the Vendor and the TIPS Member, TIPS must be notified within five (5) business days of receipt of change order. TIPS reserves the right to terminate this agreement for cause or no cause for convenience with a thirty (30) days prior written notice. Termination for convenience is conditionally required under Federal Regulations 2 CFR part 200 if the customer is using federal funds for the procurement. All purchase orders presented to the Vendor, but not fulfilled by the Vendor, by a TIPS Member prior to the actual termination of this agreement shall be honored at the option of the TIPS Member. The awarded Vendor may terminate the agreement with ninety (90) days prior written notice to TIPS ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇. The vendor will be paid for goods and services delivered prior to the termination provided that the goods and services were delivered in accordance with the terms and conditions of the terminated agreement. This termination clause does not affect the sales agreements executed by the Vendor and the TIPS Member customer pursuant to this agreement. TIPS Members may negotiate a termination for convenience clause that meets the needs of the transaction based on applicable factors, such as funding sources or other needs. Usually, purchase orders or their equal are issued by participating TIPS Member to the awarded vendor and should indicate on the order that the purchase is per the applicable TIPS Agreement Number. Orders are typically emailed to TIPS at ▇▇▇▇▇▇@▇▇▇▇-▇▇▇.▇▇▇. • Awarded Vendor delivers goods/services directly to the participating member. • Awarded Vendor invoices the participating TIPS Member directly. • Awarded Vendor receives payment directly from the participating member. • Fees are due to TIPS upon payment by the Member to the Vendor. Vendor agrees to pay the participation fee to TIPS for all Agreement sales upon receipt of payment including partial payment, from the Member Entity or as otherwise agreed by TIPS in writing and signed by an authorized signatory of TIPS.