Blanket Purchase Order. IQE plc agrees to issue a Blanket Purchase Order within two (2) days from the Effective Date for [***] ([***]) 6” Wafer Products (the “Minimum Purchase”). IQE plc agrees to issue a [***] 6” Wafer Blanket Take or Pay Purchase Order at [$***]. IQE agrees to be bound under this Agreement to Purchase the Minimum Purchase prior to March 31, 2010. IQE plc and Ordering Entities: (i) shall issue Purchase Order Releases for Products against the Minimum Purchase within the Initial Term (as defined in Section 3 below). The Blanket Purchase Order, all Purchase Orders and Purchase Order Releases are firm and non cancelable by IQE plc and/or its Ordering Entities. IQE plc is responsible for the full price of Products as ordered in the Blanket Purchase Order, any Purchase Order or Purchase Order Release submitted by IQE plc or an Ordering Entity. In the event XXX fails to deliver the Minimum Purchase per the forecast submitted by IQE plc or if XXX is disqualified by IQE plc’s customers, all purchased quantities of competitor wafers in default of the delivery date shall be included in the Minimum Purchase quantity. In addition, all 5” wafer purchases (price to be agreed upon separately) will also be counted towards the Minimum Purchase quantity. IQE plc will issue payment for all 6” wafers not released from the SMI inventory within 60 days from March 31, 2010.
Blanket Purchase Order. In the event that this order is designated by Buyer as a blanket purchase order or scheduling order, as indicated on the face hereof, Buyer shall have an option, but not the obligation, to procure up to the quantity of Products described on the face hereof at the pricing and during the time period specified by providing separate subsequent release orders to Seller. Each release shall be subject to these terms and conditions, excepct to the extent any release identifies, to the extent not specified in the original blanket order, the quantities of Products to be included in a particular order, the delivery locations and requested delivery dates for such Products.
Blanket Purchase Order. Sun may provide Supplier with a Blanket Purchase Order for Products. Blanket Purchase Orders are not a commitment and shall not be used as a basis for Supplier’s materials resource planning.
Blanket Purchase Order. Private Label Partner shall place quarterly blanket purchase orders for Product. Symbol must receive blanket purchase order for Private Label Partner’s next quarter requirements four (4) weeks prior to the first requested ship date specified on that blanket order. Symbol Technologies, Inc. Private Label Partner Agreement August 31, 2006 Confidential 10
Blanket Purchase Order is issued to a vendor, any authorized City employee may contact the vendor directly to place orders per the terms and conditions specified in the Blanket Purchase Orders. All purchases made under the Blanket Purchase Order are still subject to the required purchasing methods outlined in Sections VIII, IX, and X.
Blanket Purchase Order. An Agreement of no more than one year between the City and a Vendor allowing authorized City employees to charge repetitive Purchases of supplies, equipment or services under certain terms and conditions. Bond – A form of collateral provided by the contractor that assures that funds are available to reimburse the City for damages incurred should the contractor refuse to fail to execute a City contract based on the contractor’s proposal (e.g. bid bond, labor and materials bond, performance bond).
Blanket Purchase Order. Azur Space agrees to issue a Blanket Purchase Order (the “Blanket Purchase Order”) within thirty (30) days from the Effective Date for 4” Wafer Products with either 140um or 175um thickness The Blanket Purchase Order shall be a Blanket Take or Pay Purchase Order for a minimum of [***(***)] 4” wafers at US[$***] per wafer Delivered Duty Unpaid (the “Initial Price”), with an option to purchase an additional [***(***)] 4” Wafer Products over years 3, 4, and 5 per the price adjustment clause and an option to purchase an additional [***(***)] 4” Wafer Products in year 2010 and an additional [***(***)] 4” Wafer Products in Year 2011 at the agreed price of [$***] per Wafer Product. Any 4” Wafer Product demands over and above [***(***)] for Year 2010 and [***(***)] for Year 2011 shall be priced by comparing the price of Ge as of September 30, 2009 of [$***] per kilo to the posted price of Ge Metal as posted at xxx.Xxxxx-Xxxxx.xxx the month the order or orders are placed. The adjustment price shall be per the formula set forth for years 3, 4, and 5 of this contract. All purchase orders submitted by Azur Space after September 1, 2009 are deemed to be/have been part of the Blanket Purchase Order. The Initial Price shall be the purchase price for each 4” wafer purchased during the first two years of this Agreement, through December 31, 2011. This Initial Price per wafer shall be adjusted for wafers purchased during years 3, 4, and 5 based on the percentage change in Ge metal prices as posted at xxx.Xxxxx-Xxxxx.xxx (or other equivalent website to be mutually agreed). The adjustment in the Initial Price, and in each price determined annually thereafter, shall be agreed by September 30 of each year. The adjustment shall be made by comparing the price of Ge as of September 30 for the current year with the price of Ge as of November 30 for the prior year, multiplied by [***] %. The price established by the Initial Price is based on a Ge price of US[$***]. For example: if Ge metal price increases to [$***] per kilogram as of September 30, 2011, difference = [$***] - [$***]=[$***]or [***]%. Accordingly, the Initial Price would be adjusted beginning January 1, 2012 by [***]% (being [***]% x [***]% = [***]%; US[$***] increased by [***]% = US[$***]). If Ge Metal Prices increases beyond [$***] per kilogram, Azur Space is entitled to submit a termination of this agreement
Blanket Purchase Order. (BPO) Release is Dot Hill’s signal of its intent to procure Products from Supplier, and each BPO Release automatically decrements the quarterly Blanket Purchase Order. The Direct Customer Fulfillment Specification describes the BPO Release process. A BPO Release will indicate the part number(s), quantity(ies), delivery date(s), and destination(s) for the Product(s) being requested.
Blanket Purchase Order. A purchase order, generally for services, which only specifies the quality or general information about the services to be provided. Ex. A purchase order for a maximum dollar amount which does not set guidelines on location or quantity ofservices that a vendor is authorized to invoice for.
Blanket Purchase Order. If material purchased is covered by a blanket purchase order, no shipment can be made or invoice issued until a purchase order release is issued. Unauthorized shipments will be returned or held at shipper’s risk and expense.
