Last Time Buy definition

Last Time Buy means Nevro’s option to order any quantities of Products totaling up to the quantities ordered by Nevro over the preceding [***] period, subject to the requirements set forth in this Agreement.

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Last Time Buy means the Seller’s anticipated shutdown of the Businesses and related last time buy opportunity for products of the Businesses, as announced to the Seller’s customers and suppliers on or about April 24, 2023.

Last Time Buy means sufficient materials to cover the time necessary to select a new supplier and begin receiving production quantities from them.

Examples of Last Time Buy in a sentence

SELLER shall provide LOCKHEED ▇▇▇▇▇▇ with a "Last Time Buy Notice" at least twelve (12) months prior to any action to discontinue any Work purchased under this Contract.
The resolutions further shall certify that Defendant’s governing body and Defendant’s parent’s Board of Directors have authorized these actions, and that all corporate formalities for such authorizations have been observed.
The intent of this paragraph is to allow Battelle to confirm that intended changes do not affect ▇▇▇▇▇▇▇▇’s requirements or that Battelle has an opportunity to make a Last Time Buy prior to implementation of the change.
Any Last Time Buy under Section 20.1 will be subject to a price increase equal to [***] (i.e., [***]), provided that such incremental costs shall not exceed [***]% of the price of the applicable Products.
ADVA may place Last Time Buy Orders if at the time of placing the order a documented supply chain disruption or force majeure event exists with the understanding that the delivery will be limited or delayed due to such conditions pursuant to section 4.3.4.
Stellar may terminate this Agreement at-will at any time on six (6) months’ notice (“Stellar Voluntary Termination”), without incurring any liability or obligation to Customer, except Customer’s right to a Last Time Buy under Section 12.
If Nevro provides the notice of termination under Section 21.1, then Nevro must provide the Last Time Buy order at the same time it provides the notice of termination.
The Last Time Buy process is part of the turnkey concept by which expenses are recovered via quarterly recovery process.
If CCC provides the notice of termination under Section 11.1, then Nevro must provide the Last Time Buy order at least [***] ([***]) months prior to the effective date of termination and must take delivery of such Last Time Buy within [***] ([***]) months of such order.
Customer may make a Last Time Buy at any time through the last day of the six (6)-month notice period.

More Definitions of Last Time Buy

Last Time Buy. Notwithstanding anything to the contrary herein, Buyer reserves the right to place a last-time firm order with Supplier for any Good, subject to the same terms and conditions of this Contract, in the event that this Contract terminates or expires for any reason, or Supplier ceases, or intends to cease, to supply such Good or otherwise terminate or materially reduce its business relationship with Buyer, in each case, at any time during the twelve (12) month period following the date that Supplier last delivered such Good to Buyer. The quantity of Goods in such last-time firm order may not exceed the total quantity ordered by ▇▇▇▇▇ over the twelve (12) month period immediately preceding the date that Supplier last delivered such Good to Buyer. Unless otherwise agreed upon between the parties, the Supplier shall fulfill any such order as soon as commercially reasonable, but in no event later than ninety (90) days after Supplier’s receipt of Buyer’s PO. This paragraph shall survive the expiration or termination of the Contract for any reason.

Last Time Buy has the meaning set forth in Clause 11.3.2.