Binding Order definition
Examples of Binding Order in a sentence
All LSF payments shall be paid in U.S. Dollars within thirty (30) days of the later of MSD’s receipt of Specialty Allografts or Bone Paste, as the case may be, pursuant to a Binding Order, or the receipt of RTI’s invoice therefor.
In case of conflict between Supplier’s quotation and/or the Binding Order and these terms and conditions, Supplier’s quotation and/or the Binding Order will prevail.
The Supplier shall under no circumstances be committed to commence work before the terms of the Binding Order is agreed.
Beginning on the Implementation Date, MSD shall pay to RTI a license and service fee (“LSF”) for Specialty Allografts and Bone Paste delivered to MSD from RTI pursuant to a Binding Order.
Such sublicense and assistance shall apply only to those types and sizes of Specialty Allografts and Bone Paste that RTI is unable to supply to MSD in quantities sufficient to meet a Binding Order or MSD Forecast and only for quantities needed to meet the Binding Order or MSD Forecast.