Annual Minimum Purchase definition

Annual Minimum Purchase means the number of units of Product identified for a particular year on Schedule A.
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Annual Minimum Purchase. An OEM must purchase a minimum of $10,000 annually of their authorized 3M Industrial Market Center products. • Days Beyond Terms Taken (DBTT) • OEM DBTT must be 5 or less to meet conformance requirements. • A DBTT of 6 or greater will result in a price discount penalty. • Transportation & Shipping Terms • Prepaid Freight Change will be $3,500 • For individual orders for single shipment to OEM location having an order value of $3,500 net or more the pricing is F.O.B. point of shipment with transportation charges prepaid and allowed via lowest cost routing in 48 contiguous United States. • No items may be added on once an order is processed. Any add-ons subsequent to order processing are considered separate orders and are subject to freight policy minimums. • Profile & Contact Information - To purchase 3M Industrial Channel products, OEMs may be required to sign and have on file an Authorized 3M Supply Agreement. OEMs must also file with 3M a Profile and Contact Information form for any location from which the OEM wishes or is authorized to sell through. New forms should also be completed if there are any changes to existing locations. Please contact your 3M Sales Representative to complete the required documentation. • Expedite Policy – OEM-requested expedite shipments will be charged premium routing and OEM is responsible to fully pay the freight charges. • Product Certification/Specification Testing • Reminder that CERTS charges are not eligible for payment terms discount and must be paid in full. • CERTS requests made after time of order are subject to additional charges. ITB-TCoS-ACOEM Effective Date: January 1, 2013 3M 2013 Advanced Composites OEM Terms and Conditions of Sale Product Line General Guidelines Page 3 Authorized Product Listing Page 3 Minimum Order Requirement Page 3 Order Entry Page 5 Electronic Invoicing & Payment Options & Requirements Pages 5-6 Disputed Invoice Process Page 6 Credit Adjustments Page 7 Standard Transportation and Shipping Terms Page 8 Non-Standard Orders Page 8 Product Certifications Page 9 Return of Merchandise Page 10 Warranties & Limited Remedies Page 11
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Annual Minimum Purchase has the meaning ascribed thereto in Section 3.2(b) of this Agreement.
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Examples of Annual Minimum Purchase in a sentence

  • This could jeopardize America’s economic recovery and its long-term competitiveness while making it even more difficult to reduce the U.S. trade deficit.

  • Beyond Contract Year Two, the parties were to use good faith efforts to mutually agree on Annual Minimum Purchase quantities, and if after such good faith negotiations, the parties were unable to agree on the Annual Minimum Purchase for the next contract year, the amount would be the same as the then-current Contract Year.

  • Therefore, at the same time Nipro was claiming it could not meet Trividia’s Annual Minimum Purchase requirement because of “market forces,” it was nevertheless entering into competing agreements that contained yearly minimum purchase requirements.

  • Thus, Section 3.2 of the IDA states:A rolling 12 (12) month purchase forecast is required within fifteen(15) days of the execution date of this Agreement matching or exceeding the Annual Minimum Purchase for the first Contract Year as set forth in Schedule C attached hereto.

  • A critical path is the one that can cause a delay of the project because there is no slack time on the critical path.

  • Thus, Nipro cannot— and does not—contend that termination of the IDA was improperly based on Nipro’s failure to purchase the Year Three Annual Minimum Purchase amount during Contract Year Three or Nipro’s failure to provide forecasts.

  • Nipro also admittedly failed to meet the Annual Minimum Purchase requirement for Contract Year Three during Contract Year Three, even though this Tribunal issued a Partial Final Award explaining that Trividia could seek damages for Nipro’s failure to meet its annual minimum obligations.

  • The Agreement set a specific Annual Minimum Purchase amount for Contract Year One in the amount of 3,400,000 fifty (50)-count vials of strips (170,000,000 strips), which equates to a price of $17,850,000; and for Contract Year Two in the amount of 3,600,000 fifty (50)-count vials of strips (180,000,000 strips), which equates to a price of $18,900,000.

  • As set forth above, Nipro materially breached the IDA in a number of ways, including by failing to meet the Annual Minimum Purchase for Contract Year Three, by failing to provide forecasts, and by misusing Trividia’s licensed trademarks in violation of the IDA to “switch” customers over to its competing product.

  • Specifically, Section 2.2 states:Commencing from the second Contract Year, in the event that the parties have not agreed on the Annual Minimum Purchase for the next Contract Year during the initial or any renewal term, then the parties shall use good faith efforts to mutually agree on the Annual Minimum Purchase for the next Contract Year prior to the end of the then current Contract Year.


More Definitions of Annual Minimum Purchase

Annual Minimum Purchase means annual minimum quantities of certain Products that the Distributor is required to purchase during each Contract Year as set forth in Schedule
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Related to Annual Minimum Purchase

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Run Time For all generating units that are not combined cycle units, “Minimum Run Time” shall mean the minimum number of hours a unit must run, in real-time operations, from the time after generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, to the time of generator breaker opening, as measured by PJM's State Estimator. For combined cycle units, “Minimum Run Time” shall mean the time period after the first combustion turbine generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, and the last generator breaker opening as measured by PJM’s State Estimator.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Year 3 means the school year in which the majority of pupils attain the age of eight;

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions. Member:

  • Minimum Subsequent Subscription means, in relation to the Euro RDR ‘Retail’