Annual Purchase Amount definition

Annual Purchase Amount means (a) for each Harvesting Year from January 1, 2006 through the Harvesting Year beginning January 1, 2010, a minimum of Two Hundred Ninety-Four Thousand (294,000) tons of Qualifying Timber; (b) for each Harvesting Year from January 1, 2011 through the Harvesting Year beginning January 1, 2016, a minimum of Two Hundred Thirty-Five Thousand (235,000) tons of Qualifying Timber; and (c) to the extent Buyer exercises its option to extend the Term pursuant to Section 9.2 below, for each Harvesting Year from January 1, 2017 through the Harvesting Year beginning January 1, 2019, a minimum of Two Hundred Five Thousand (205,000) tons of Qualifying Timber.
View Source
Annual Purchase Amount means (a) for each of 2008 and 2009, the Softwood Volume and the associated Residual Qualifying Stumpage Volume set out in Exhibit C; and (b) for each Harvesting Year beginning January 1, 2010 through the remainder of the Term, the Softwood Volume and the associated Residual Qualifying Stumpage Volume (prorated for any partial year during the Term).
View Source
Annual Purchase Amount means the volumes of Qualifying Timber as set forth in Section 2.2 of this Agreement.
View Source

Examples of Annual Purchase Amount in a sentence

  • A sufficient number of tracts shall be made available so as to satisfy the obligations of Seller herein to sell to Buyer and Buyer to purchase from Seller the applicable Annual Purchase Amount.

  • In the event that DKSH does not meet the Annual Minimum Purchase Quantity in the Territory in any Calendar Year during the Term, DKSH shall compensate the difference between the Annual Actual Purchase Quantity and 90% of the Annual Minimum Purchase Quantity at the Supply Price, except where the reason for the shortfall in Annual Purchase Amount is attributable to changes in government purchasing regulations or other external factors which are outside the control of DKSH.

  • For Replacement Products supplied by a third party, (i) GPI shall receive a credit in the amount paid to Sun for such Non-Conforming Product, if applicable; and (ii) purchases of Replacement Products from third parties shall be treated as if purchased from Sun for the purpose of calculating the Minimum Aggregate Purchase Amount, Minimum Annual Purchase Amount, and Quarterly Rebate threshold.

  • If such Exchange Rate is more than five percent (5%) greater or five percent (5%) less than the Exchange Rate used for the most recent previous determination date for the Minimum Annual Purchase Amount pursuant to this First Amendment, it shall be rounded up or rounded down (as appropriate) so that it is no more than five percent (5%) greater or five percent (5%) less.

  • Executive's fulltime employment with the Company under this Agreement shall commence as of October 15, 2001 ("Commencement Date") and this Agreement shall expire after a period of three (3) years from the Commencement Date, unless terminated earlier pursuant to Article 6.

  • Subject to and in accordance with the terms of this Agreement, Neenah agrees to sell to NPNS and NPNS agrees to purchase from Neenah for each Harvesting Year during the Term the Annual Purchase Amount applicable to such Harvesting Year.

  • GPI may also purchase, and Sun may sell, such other items (“Additional Products”) as may be mutually agreed upon by the Parties pursuant to mutually satisfactory terms and conditions; provided that any purchases by GPI of such Additional Products from Sun will be deemed to count toward the Minimum Aggregate Purchase Amount, the Minimum Annual Purchase Amount, the purchase thresholds necessary to achieve a specified rebate rate or percentage and the purchase volumes eligible for rebates.

  • During the Term of this Agreement SONOMA undertakes to maintain a liability insurance policy covering at least an amount equal to the aggregate Minimum Annual Purchase Amount for the first five years forecast set forth on Schedule 4.

  • Exhibit C attached hereto sets forth the portions of the Timberlands which NPNS shall harvest for the Short Harvesting Year and for the Harvesting Year commencing January 1, 2009 for the Annual Purchase Amount situated thereon in accordance with the terms of this Agreement.

  • A sufficient number of Tracts shall be identified so as to satisfy the Annual Purchase Amount.


More Definitions of Annual Purchase Amount

Annual Purchase Amount means (a) for the Short Harvesting Year, a prorated portion of the Softwood Sawable Volume and the associated Softwood Pulpwood, Hardwood Sawlog and Hardwood Pulpwood volumes harvested from the Actual Designated Tracts necessary to produce the Softwood Sawable Volume (the “Residual Qualifying Stumpage Volume”); and (b) for each Harvesting Year beginning January 1, 2007 through the remainder of the Term, the Softwood Sawable Volume and the associated Residual Qualifying Stumpage Volume. * The redacted text has been filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
View Source