Purchase Requirements Sample Clauses
The Purchase Requirements clause sets out the specific conditions or obligations that a buyer must fulfill when making purchases under an agreement. Typically, this clause details minimum order quantities, frequency of purchases, or standards that must be met for each transaction. For example, it may require the buyer to purchase a certain volume of goods each quarter or to submit purchase orders in a particular format. Its core function is to ensure both parties have clear expectations regarding purchasing commitments, thereby reducing misunderstandings and helping to manage supply and demand effectively.
POPULAR SAMPLE Copied 3 times
Purchase Requirements. (a) Subject to the other provisions of this Article II, Purchaser agrees to purchase from Supplier 100% of Purchaser’s requirements for PET Bottles for Purchaser’s customers specified on Schedule B hereto (the “Constar Customers”).
(b) At least 31 days prior to the beginning of each year, Purchaser shall provide Supplier with a non-binding forecast for the PET Bottles that it will purchase from Supplier during such year, which shall represent a good faith estimate of Purchaser’s requirements for PET Bottles for the Constar Customers. On or before the 15th day of each month, Purchaser shall submit a firm order for production during the following month (a “Production Request”), which shall not exceed the maximum capacity of the Sidel SBO-10 blowing machine located at the Faba Facility, and a non-binding forecast for the following two months, which forecast shall represent a good faith estimate of Purchaser’s requirements for such two months. Purchaser shall be deemed to purchase, and shall be responsible for payment to Supplier for, any PET Bottles blown by Supplier in response to a Production Request, regardless of whether Purchaser submits a Release Request for such PET Bottles. In addition, to maximize utilization of the Faba Facility, Supplier may blow PET Bottles based upon Purchaser’s non-binding forecasts. If Purchaser provides its written consent to such production, Purchaser shall be deemed to purchase, and shall be responsible for payment to Supplier for, any PET Bottles blown by Supplier in response to such forecast, regardless of whether Purchaser submits a Release Request for such PET Bottles. At any time that Supplier is holding greater than 5 million PET Bottles in inventory at the Faba Facility in response to Production Requests or approved production based on Purchaser’s forecasts, Supplier shall promptly notify Purchaser of the number and type of PET Bottles held in inventory and shall not be obligated to accept Production Requests or to produce and hold PET Bottles until such inventory is reduced below 5 million PET Bottles.
(c) From time to time Purchaser may submit requests to release PET Bottles for shipment (“Release Requests”) to Supplier. So long as the aggregate amount of PET Bottles released during a month does not exceed that month’s Production Request and agreed existing stockholdings, Supplier shall satisfy any Release Request; provided, that Supplier shall not be obligated, but shall use commercially reasonable efforts, to ship...
Purchase Requirements. You shall (a) purchase initial Services for a Supported Software only for the most current generally available version of the Supported Software, and (b) initially purchase and renew Subscription Services for all of Your licenses of a Supported Software.
Purchase Requirements. During the term of this Agreement as set forth in Section 4, you are required to purchase Services for each Instance from either (i) Service Provider, when the Software Instance is obtained from Service Provider, or (ii) Red Hat or a Red Hat authorized business partner, when the Software Instance is obtained from Red Hat or authorized business partner. If you are using any of the Services to support or maintain instances of Red Hat or non-Red Hat software (other than Software Instances obtained from and for which you have paid Services Provider) either within or outside the Portal, then you are required to notify Red Hat of such use and pay Red Hat the standard published software subscription fees for such use (e.g. ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/wapps/store/catalog.html) under the terms of the Red Hat Enterprise Agreement, a copy of which is set forth at ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇. Distributing the Software and Services (or any portion) to a third party outside the Portal or using the Software and/or Services to support a third party without paying for each Instance is a material breach of this Agreement even though the open source license applicable to individual software packages may give you the right to distribute those packages (and this Agreement is not intended to interfere with your rights under those individual licenses). For clarification purposes, this Agreement does not apply to Software subscriptions purchased from Red Hat directly for use outside the Portal or in conjunction with the Red Hat Cloud Access program (as set forth at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/solutions/cloud/access/enroll.html).
Purchase Requirements. Subject to the agreement between the Parties relating to Launch Stocks under Clause 4.7, Acorda shall be bound to order one hundred percent (100%) of the forecasted quantities of the Product for each month of the first three (3) months of the most recent rolling forecast referred to in Clause 4.1.3, but otherwise forecasts shall not be binding.
Purchase Requirements. DISTRIBUTOR shall be required [***] as set forth for the [***] and will [***].
Purchase Requirements. Without prejudice to Seller’s contract law remedies for Buyer's failure to purchase the Annual Minimum quantities, Seller may apply the following remedies: if, in any three (3) month period, Buyer, for any reason (except for reasons of a Force Majeure Event as defined below or a reason attributable to Seller), purchases and accepts less than eighty percent (80%) of the Quarterly Minimum, Seller may reduce, for the remaining Term of the Contract, the Annual Maximum by the same percentage that the quantity actually purchased and accepted by ▇▇▇▇▇ during said three (3) month period falls short of 100% of the Quarterly Minimum (i.e. if 10.
Purchase Requirements. Upon termination of this Agreement due to material breach or termination without notice by Merchant, Merchant, its successors and assigns shall, at Household's option and upon Household's request, purchase or arrange to purchase by a third party, the Accounts, without recourse to Household and without representations or warranty, express or implied, at a price determined by Household, in Household's sole discretion, but not less than the full amount of all of the outstanding Account balances; the purchase to occur not later than ninety (90) days after the effective date of termination of this Agreement and to be under such terms and conditions as are reasonably acceptable to Household. In any event, commencing on the effective date of termination of this Agreement, Merchant shall pay to Household, monthly, within ten (10) days of Household's request, a liquidation fee in the amount of $5.00 per active Account per month until such time as the outstanding Account balances/receivables are liquidated and paid in full or, if a purchase is required as stated above, such purchase of all of the outstanding Account balances is consummated and Household receives the purchase price.
Purchase Requirements. (a) Except as otherwise provided for by VMware, Customer may purchase initial Services only for the most current, generally available release of the Software.
(b) Customer must purchase and/or renew Services at the same Services level for all of the licenses for a particular Software product or suite that has been or is being installed in a given environment, such as Test, Development, QA, or Production (i.e. Customer cannot purchase Production level support for only one license of vSphere in its lab and purchase Basic level support for the other vSphere licenses in that environment).
(c) Except as otherwise provided in the applicable price list, the minimum term for any Service offering is one (1) year.
(d) These Services Terms and conditions will automatically update to VMware’s then-current Services terms and conditions set forth at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/files/pdf/support/support_terms_conditions.pdf upon any renewal of Services.
Purchase Requirements. In addition to Correspondent’s obligations in this Agreement, Correspondent agrees to comply with Section 400 of the Loan Manual with regard to certain pre-purchase obligations, including, not limited to, the submission of a complete and accurate Delivery Submission Form, a copy of which is published on the Website under “Forms.”
Purchase Requirements. Attached hereto as Attachment D, which is based on an initial [**] calendar month rolling forecast of purchases of each of the PRODUCTS, including desired delivery dates (the "INITIAL FORECAST"). XANODYNE agrees to purchase, at a minimum, the total dollar amount as specified in Attachment D, for the year 2008 (Total of $[**] according to sales prices indicated on Attachment B) and 2009 (Total of $[**] according to sales prices indicated on Attachment B) respectively during the term of this AGREEMENT. In the event XANODYNE fails to purchase the minimum dollar amount set forth in the attached forecast in any [**] month period, within [**] days thereafter, XANODYNE shall pay to BIRI a sum equal to the difference between the total price that XANODYNE would have been required to pay hereunder and the total price actually paid by XANODYNE during such period. XANODYNE'S obligation to purchase the foregoing minimum dollar amount shall be suspended during any period in which XANODYNE's inability to purchase such minimum dollar amount is attributable to the fault of BIRI or due to an event of force majeure, which in each case continues for at least [**] days.