Minimum Annual Purchase Quantities definition
Examples of Minimum Annual Purchase Quantities in a sentence
In the event that the DISTRIBUTOR’S rights to distribute any Product are converted to non-exclusive rights, the Parties will agree on new applicable Minimum Annual Purchase Quantities.
In any full calendar year following the Start Date, where DISTRIBUTOR retains exclusive rights, DISTRIBUTOR shall purchase the Minimum Annual Purchase Quantities.
For the avoidance of doubt, a forecast shall have no bearing on the Minimum Annual Purchase Quantities referred to in Section 6.1 above.
For the avoidance of doubt, in the event of delay, shortfall or failure to supply caused solely by SUPPLIER, the Parties shall discuss and agree in good faith a [***] adjustment to the Minimum Annual Purchase Quantities as required to take account of such delay, shortfall or failure to supply.
For the avoidance of doubt, a forecast, shall have no bearing on the Minimum Annual Purchase Quantities referred to in Section 6.1 above.
For the avoidance of doubt, a Forecast shall have no bearing on the Minimum Annual Purchase Quantities referred to in Section 6.1.
The minimum annual purchase quantity in effect for a product for resale and use in a country in the Territory is herein referred to as "Minimum Annual Purchase Quantity." Minimum Annual Purchase Quantities shall be based on factors including the incidence of disease, cost of the Delcath procedure, reimbursement amount and sales levels in other countries.
The Parties have discussed and agreed upon new Minimum Annual Purchase Quantities and a new Price (as defined in the Agreement) for 2024 as well clarifying certain information requirements, and now wish to amend the Agreement accordingly.
In case of supply issues the Minimum Annual Purchase Quantities will be adapted by mutual agreement.
In any full calendar year following the Start Date, whereby DISTRIBUTOR retains exclusive rights, DISTRIBUTOR shall purchase the Minimum Annual Purchase Quantities set forth in ANNEX D.