Rolling 12 Month Forecast Sample Clauses

A Rolling 12 Month Forecast clause requires one party to regularly provide updated projections of their anticipated needs, usage, or demand for goods or services over the upcoming twelve months. Typically, this forecast is updated on a monthly or quarterly basis, with each new forecast period extending the outlook by another month as the previous month concludes. This mechanism enables suppliers or service providers to plan production, inventory, or resource allocation more effectively, reducing the risk of shortages or overstock and ensuring smoother operations for both parties.
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Rolling 12 Month Forecast. When each Product Agreement is executed, Indivior will give Patheon a non-binding 12 months forecast of the volume of Product that Indivior expects to order in the first 12 months of commercial manufacture of the Product. This forecast will then be updated by Indivior on or before the tenth day of each month on a rolling forward basis.
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Rolling 12 Month Forecast. When each Product Agreement is executed, Client will give Patheon a non-binding 12 month forecast of the volume of Product that Client expects to order in the first 12 months of commercial manufacture under such Product Agreement. This forecast will then be updated by Client on or before the fifteenth day of each month (or, at Client’s discretion, at any time from the eighth day of such month up to and including the twenty-second day of such month) on a rolling forward basis as contemplated by Section 5.1(b), as applicable. The most recent 12 month forecast will prevail. Client will update the forecast forthwith if it determines that the volumes estimated in the most recent forecast have changed by more than 20%.
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Rolling 12 Month Forecast. Pursuant to Section 5.3, Customer shall provide a Rolling Forecast quarterly to BVL. BVL will provide Customer with an electronic copy utilizing Microsoft Word of the following form for submission, which will include twelve (12) monthly periods for forecasting. Customer shall provide the Rolling Forecast one hundred twenty (120) days in advance of the first day of each Contract Quarter. (The format is for representation only, do not enter information below) Product Description BVL End Item Number Batch Size/Order Quantity Month 1 Month 2 Month 3 . . . Month 12 Enter Product Description including packaging for each end item Manufacturing and Service Agreement (BVL and Vion Pharmaceuticals, Inc.)
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Rolling 12 Month Forecast. When each Product Agreement is executed, Client will give Patheon a 12 month forecast of the volume of Product that Client expects to order in the first 12 months of commercial manufacture of the Product (the “Initial Annual Forecast”). On a rolling monthly basis during the term of the Product Agreement, Client will issue an updated 12 month forecast on or before the tenth day of each month (the Initial Annual Forecast and each updated 12 month forecast are an “Annual Forecast”). Each Annual Forecast after the Initial Forecast will start on the first day of the month immediately following the date on which the Annual Forecast is to be provided. This forecast will then be updated by Client once every month on a rolling forward basis. These forecasts should be reasonably consistent with the Long Term Forecast. The 12 month forecast will be binding on both parties as follows: (i) the Product volumes forecasted during the first [***] months of the then-current Annual Forecast may only be changed by written agreement between the parties; (ii) the Product volumes forecasted during months [***] of the then-current Annual Forecast may be adjusted by Client by up to [***] of the Product volumes forecasted by Client under Section 5.1(b)(i); and (iii) the Products forecasted during months [***] of the then-current Annual Forecast may be adjusted by Client by up to [***] of the Product volumes forecasted by Client under Section 5.1(b)(i).
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Related to Rolling 12 Month Forecast

  • Rolling Forecast (i) On or before the fifteenth (15th) calendar day of each month during the Term (as defined in Section 6.1 herein), Buyer shall provide Seller with an updated eighteen (18) month forecast of the Products to be manufactured and supplied (each a “Forecast”) for the eighteen (18) month period beginning on the first day of the following calendar month. The first two months of each Forecast will restate the balance of the Firm Order period of the prior Forecast, and the first three (3) months of the Forecast shall constitute the new Firm Order period for which Buyer is obligated to purchase and take delivery of the forecasted Product, and the supply required for the last month of such new Firm Order period shall not be more than one (1) full Standard Manufacturing Batch from the quantity specified for such month in the previous Forecast (or Initial Forecast, as the case may be). Except as provided in Section 2.2(a), Purchase Orders setting forth Buyer’s monthly Product requirements will be issued for the last month of each Firm Order period no later than the fifteenth calendar day of the first month of each Firm Order period, and such Purchase Order will be in agreement with the Firm Order period of the Forecast. If a Purchase Order for any month is not submitted by such deadline, Buyer shall be deemed to have submitted a Purchase Order for such month for the amount of Product set forth in Buyer’s Forecast for such month. (ii) The remainder of the Forecast shall set forth Buyer’s best estimate of its Product production and supply requirements for the remainder of the Forecast period. Each portion of such Forecast that is not deemed to be a Firm Order shall not be deemed to create a binding obligation on Buyer to purchase and take delivery of Products nor a binding obligation of Seller to deliver Products, except as otherwise provided in Section 2.2(f). (iii) Forecast and Purchase Orders shall be in full Standard Manufacturing Batches. If a Product has multiple SKUs, then the composite of the forecasted SKU must equate to the Standard Manufacturing Batch. One Purchase Order shall be issued for each full Standard Manufacturing Batch of Product and contain the required information set forth in Section 2.2(e) hereof.

  • Rolling Forecasts The Client shall provide Patheon with a written non-binding [ * ] forecast of the volume of each Product that the Client then anticipates will be required to be produced and delivered to the Client during each [ * ] of that [ * ] period. Such forecast will be updated by the Client [ * ] on or before the [ * ] day of each [ * ] on a rolling [ * ] basis. The most recent [ * ] forecast shall prevail.

  • Forecast Customer shall provide Flextronics, on a monthly basis, a rolling [***] forecast indicating Customer’s monthly Product requirements. The first [***] of the forecast will constitute Customer’s written purchase order for all Work to be completed within the first [***] period. Such purchase orders will be issued in accordance with Section 3.2 below.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Annual Forecasts As soon as available and in any event no later than 90 days after the end of each Fiscal Year, forecasts prepared by management of the Borrower, in form satisfactory to the Administrative Agent, of balance sheets, income statements and cash flow statements on an annual basis for the Fiscal Year following such Fiscal Year.