Common use of Minimum Purchase Requirements Clause in Contracts

Minimum Purchase Requirements. Buyer hereby acknowledges and agrees that the prices set forth in this Contract are contingent upon Buyer’s agreement to purchase the total quantities set forth in the Buyer’s request for quote/proposal. If Buyer fails to purchase at least ninety percent (90%) of the quantities of Goods contained in its request for quote/proposal, Buyer agrees that the pricing on the Goods delivered to Buyer shall be adjusted retroactively to reflect the impact of lower volume on material pricing, labor efficiencies and other cost and expenses of Seller. Buyer hereby agrees to pay Seller such additional sums within thirty (30) days of the date of Seller’s invoice for payment.

Appears in 2 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale

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Minimum Purchase Requirements. Buyer hereby acknowledges and agrees that the prices set forth in this Contract contract are contingent upon Buyer’s 's agreement to purchase the total quantities set forth in the Buyer’s 's request for quote/proposal. If Buyer fails to purchase at least ninety percent (90%) % of the quantities of Goods goods contained in its request for quote/proposal, Buyer agrees that the pricing on the Goods goods delivered to Buyer shall be adjusted retroactively to reflect the impact of lower volume on material pricing, labor efficiencies and other cost costs and expenses of Seller. Buyer hereby agrees to pay Seller such additional sums within thirty (30) 30 days of the date of Seller’s 's invoice for payment.

Appears in 2 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale

Minimum Purchase Requirements. Buyer hereby acknowledges and agrees that the prices set forth in this Contract contract are contingent upon Buyer’s 's agreement to purchase the total quantities set forth in the Buyer’s 's request for quote/proposal. If Buyer fails to purchase at least ninety Buyer's actual purchases differ more than ten percent (9010%) of from the estimated quantities of Goods goods contained in its request for quote/proposal, Buyer agrees that the pricing on the Goods goods delivered to Buyer shall be adjusted retroactively to reflect the impact of lower the volume difference on material pricing, labor efficiencies and other cost and expenses of Seller. Buyer hereby agrees to pay Seller such additional sums within thirty (30) calendar days of the date of Seller’s 's invoice for payment.

Appears in 1 contract

Samples: Sales Contracts

Minimum Purchase Requirements. Buyer hereby acknowledges and agrees that the prices set forth in this Contract contract are contingent upon Buyer’s agreement to purchase the total quantities set forth in the Buyer’s request for quote/proposal. If Buyer fails to purchase at least ninety percent (90%) of Buyer's actual purchases differ more than 10% from the estimated quantities of Goods goods contained in its request for quote/proposal, Buyer agrees that the pricing on the Goods goods delivered to Buyer shall be adjusted retroactively to reflect the impact of lower the volume difference on material pricing, labor efficiencies and other cost and expenses of Seller. Buyer hereby agrees to pay Seller such additional sums within thirty (30) days of the date of Seller’s invoice for payment.

Appears in 1 contract

Samples: Terms and Conditions of Sale

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Minimum Purchase Requirements. Buyer hereby acknowledges and agrees that the prices set forth in this Contract contract are contingent upon Buyer’s Xxxxx's agreement to purchase the total quantities set forth in the Buyer’s 's request for quote/proposal. If Buyer fails to purchase at least ninety percent (90%) % of the quantities of Goods goods contained in its request for quote/proposal, Buyer Xxxxx agrees that the pricing on the Goods goods delivered to Buyer shall be adjusted retroactively to reflect the impact of lower volume on material pricing, labor efficiencies and other cost costs and expenses of Seller. Buyer hereby agrees to pay Seller such additional sums within thirty (30) 30 days of the date of Seller’s 's invoice for payment.

Appears in 1 contract

Samples: Terms and Conditions of Sale

Minimum Purchase Requirements. Buyer hereby acknowledges and agrees that the prices set forth in this the Contract are contingent upon Buyer’s agreement to purchase the total quantities set forth in the Buyer’s request for quote/proposal. If Buyer fails to purchase at least ninety percent (90%) of the quantities of Goods contained in its request for quote/proposal, Buyer Xxxxx agrees that the pricing on the Goods delivered to Buyer shall be adjusted retroactively to reflect the impact of lower volume on material pricing, labor efficiencies and other cost and expenses of SellerSeller as determined by Seller in its sole discretion. Buyer hereby agrees to pay Seller such additional sums within thirty (30) days of the date of Seller’s invoice for payment.

Appears in 1 contract

Samples: Terms and Conditions of Sale

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