Purchasing COOP Clause Samples

A Purchasing Coop clause establishes the framework for multiple parties to join together in a cooperative arrangement to purchase goods or services collectively. This clause typically outlines the terms under which members can participate, how orders are aggregated, and how costs and benefits are distributed among participants. For example, several small businesses might use a purchasing coop to negotiate better pricing with suppliers by combining their orders. The core function of this clause is to enable participants to leverage collective buying power, thereby reducing costs and increasing efficiency for all members involved.
Purchasing COOP. Permit the Purchasing Coop to engage in any material business or activity other than (a) procuring or arranging the procurement of equipment by, and on behalf of, the Loan Parties and franchisees and licensees of the Loan Parties for use by the Loan Parties and such franchisees and licensees at their respective restaurant locations and (b) activities incidental to the businesses or activities described in clause (a) of this Section.
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Purchasing COOP. County shall purchase the COOP from the Vendor with the understanding and agreement of the Municipalities to reimburse County for their individual costs based on a Municipality ’s Full Time Equivalents (referenced as “FTEs”).
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Purchasing COOP. 97 Article VIII EVENTS OF DEFAULT AND REMEDIES 97
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Related to Purchasing COOP

  • Purchasing Card The State has implemented a purchasing card (P-Card). The Contractor may receive payments via the State’s P-Card. P-Card acceptance for purchases is a mandatory requirement for the Contract but is not the exclusive method of payment. If the State changes its P-Card platform during the term of Contract, the Contractor shall make all necessary changes to accept payment via the State’s new P-Card platform within 30 calendar days of notification of such change.

  • Purchasing Card (P card) Program

  • Purchasing Entities This Participating Addendum may be used by (a) all departments, offices, institutions, and other agencies of the State of Vermont and counties (each a “State Purchaser”) according to the process for ordering and other restrictions applicable to State Purchasers set forth herein; and (b) political subdivisions of the State of Vermont and any institution of higher education chartered in Vermont and accredited or holding a certificate of approval from the State Board of Education as authorized under 29 V.S.A. § 902 (each an “Additional Purchaser”). Issues concerning interpretation and eligibility for participation are solely within the authority of the State of Vermont Chief Procurement Officer. The State of Vermont and its officers and employees shall have no responsibility or liability for Additional Purchasers. Each Additional Purchaser is to make its own determination whether this Participating Addendum and the Master Agreement are consistent with its procurement policies and regulations. The maximum dollar amount payable under this contract is not intended as any form of a guaranteed amount. The Contractor will be paid for products actually delivered or performed, as specified in Attachment A, up to the maximum allowable amount specified on page 1 of this contract. 1. Prior to commencement of work and release of any payments, Contractor shall submit to the State: a. a certificate of insurance consistent with the requirements set forth in Attachment C, Section 8 (Insurance), and with any additional requirements for insurance as may be set forth elsewhere in this contract; and 2. Payment terms are Net 30 days from the date the State receives an error-free invoice with all necessary and complete supporting documentation. 3. All invoices are to be rendered by the Contractor on the vendor's standard billhead and forwarded directly to the institution or agency ordering materials and shall specify the address to which payments will be sent.

  • Purchasing Party A Party requesting or receiving a Service from the other Party under this Agreement.

  • Purchasing Entity Law These provisions shall be applicable only to extent they are not in conflict with the applicable public disclosure laws of any Purchasing Entity.