Common use of Minimum Purchase Requirements Clause in Contracts

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C of the License Agreement are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 by April 5, 2001 and $175,000 by April 5, 2002, rather than $50,000 and $75,000 for the 1st 6 months and the 2nd 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until April 5, 2001."

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C of the License Agreement are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 by April 5, 2001 and $175,000 by April 5, 2002for the 1/st/ Year, rather than $50,000 and $75,000 for the 1st 1/st/ 6 months and the 2nd 2/nd/ 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until April 5, 2001this Agreement shall have been in force for more than one year."

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C of the License Agreement are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 by April 5, 2001 and $175,000 by April 5, 2002for the 1st Year, rather than $50,000 and $75,000 for the 1st 6 months and the 2nd 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until April 5, 2001this Agreement shall have been in force for more than one year."

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C of the License Agreement are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 by April 528, 2001 and $175,000 by April 528, 2002, rather than $50,000 and $75,000 for the 1st 6 months and the 2nd 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until April 528, 2001."