Common use of Sales Target Clause in Contracts

Sales Target. On or before November 1 of each calendar year during the term hereof, the Parties shall agree to non-binding annual sales targets for the Products in each Territory (the “Sales Target”) to be used by the Parties to estimate volumes and as a factor in determining the pricing of the Products. Each Party shall use its commercially reasonable efforts in order to achieve the Sales Target, subject to their duties and obligations as set forth herein. The Parties shall review and adjust the Sales Targets, Iveco Shares and Nikola Shares no less than once for each quarter.

Sales Target. On or before November 1 of each calendar year during the term hereof, the Parties shall agree to non-binding annual sales targets for the Products in each Territory (the “Sales Target”) to be used by the Parties to estimate volumes and as a factor in determining the pricing of the Products. Each Party shall use its commercially reasonable best efforts in order to achieve the Sales Target, subject to their duties and obligations as set forth herein. The Parties shall review and adjust the Sales Targets, Iveco Shares and Nikola Shares no less than once for each quarter.