Low Value Purchase definition

Low Value Purchase. (LVP) means the acquisition of deliverables having an estimated acquisition value as stated in Schedule “E” - Thresholds of this Policy (including non- refundable HST);
Sample 1Sample 2Sample 3
Low Value Purchase means the procurement of Goods, Services or Construction valued at less than $10,000;
Sample 1Sample 2Sample 3
Low Value Purchase. (LVP) means the acquisition of deliverables having an estimated acquisition value as stated in Appendix “E” - Thresholds of this Policy (including all applicable taxes);
Sample 1Sample 2Sample 3

Examples of Low Value Purchase in a sentence

  • Each Location determines its Low- Value Purchase Authorization limit amount.

  • Divisions are required to follow the Low Value Purchase Protocol when obtaining quotes.

  • If the required Deliverables have a Procurement Value of less than $25,000.00 and are not covered under an existing Standing Offer or Qualified Supplier Roster, the purchase may be made in accordance with the Low Value Purchase Protocol.

  • Chief Executive’s Response Approximately 25% of all purchasing transactions are completed with Low Value Purchase Cards yet this only represents approximately 2% of the annual purchase value transacted by the Council.

  • If the required deliverables have a procurement value of less than $25,000 and are not covered under an existing Standing Offer or Qualified Supplier Roster, the purchase may be made in accordance with the Low Value Purchase Protocol.

  • Low Value Purchase Cards (LVPCs) are point-of sale cards that can be used for purchasing once-off items below a pre-determined value and they are in place in a limited number of areas already in the Council.

  • S) ∩ act(R) = ø.Now, if we consider the apps in Examples 1, 2 and 5, it is easy to verify that:• Fb2Ld ~ Tw2Fb holds;• Tw2Fb ~ Fb2Ld does not hold because act(Tw2Fb) ∩services, i.e., services affecting the physical environment, such as the temperature of a room, we may end up accepting as safe a system of apps in the presence of some kind implicit interactions.

  • RecommendationMoved – Deputy Mayor Ellsworth; Seconded – Councillor Hann Council approved the increase in the Low Value Purchase Order threshold.

  • The Procurement Unit provides ongoing assistance to staff preparing requests for tenders/quotations, develops and co-ordinates procurement training for staff, monitors the procured spend on MS4, administrates and monitors spend on the Low Value Purchase Card System (LVPC), and co-ordinates the publication of summary information on contracts awarded in line with EU and national requirements.

  • Exceptions for LVP and LVC:Employees may not use a Low Value Purchase, or a Low Value Contract Form for transactions such as:• Meals on approved travel will be reimbursed through a travel claim using the applicable per diem rates;• Paying employee salaries.


More Definitions of Low Value Purchase

Low Value Purchase. (LVP) means a purchase for goods, service(s) or construction, which is not included as part of an existing contract and is not available out of the Owner’s inventory, and which authority has been delegated to Town staff up to the amount stated in Schedule “D” Thresholds of this by-law (excluding taxes), except for the position(s) stated in Schedule “E” Position Exceptions.
Sample 1Sample 2
Low Value Purchase means a purchase of Goods or Services not covered under an existing Contract and having a purchase value up to the limit as stated in Schedule “C” of this By-law;
Sample 1Sample 2
Low Value Purchase means a purchase of Goods, services or Construction which is random in nature, is not included as part of a Price Agreement, is not available out of the Corporation’s inventory and does not exceed a value of $1,000.00;
Sample 1
Low Value Purchase or “LVP” means a Purchase of Goods, Services, or Construction which is not included as part of an existing Contract and is not available out of the Town’s inventory. LVPs shall not exceed the amount stated in Schedule “D” - Bid Thresholds of this by-law;
Sample 1
Low Value Purchase means a purchase of Goods or Services not covered under an existing Contract and having a purchase value up to the limits stated in Schedule “B” of this by-law.
Sample 1
Low Value Purchase. (LVP) means the acquisition of deliverables having an estimated acquisition value as stated in the procurement policy, under “Schedule “E” – Procurement Policy Thresholds (including non-refundable HST)”;
Sample 1

Related to Low Value Purchase

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Book Value Per Share is the Bank’s equity capital (excluding FAS 115 and FAS 158 adjustment and Extraordinary Items) at the end of the Plan Year divided by the Plan’s number of Phantom shares of one million three hundred sixty thousand (1,360,000).

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Taxable value per membership pupil means each of the following divided by the district’s membership:

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Half-value layer (HVL) means the thickness of specified material which attenuates the beam of radiation to an extent such that the exposure rate is reduced to one-half of its original value. In this definition the contribution of all scattered radiation, other than any which might be present initially in the beam concerned, is deemed to be excluded.

  • VWAP Purchase Date means, with respect to any VWAP Purchase made hereunder, the Business Day following the receipt by the Buyer of a valid VWAP Purchase Notice that the Buyer is to buy Purchase Shares pursuant to Section 1(c) hereof.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to (a) the aggregate principal balance of all Portfolio Investments acquired by the Company prior to such date minus (b) the aggregate principal balance of all Portfolio Investments repurchased by the Parent or an Affiliate thereof prior to such date.

  • Alternate Adjusted Regular Purchase Share Limit means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, the maximum number of Purchase Shares which, taking into account the applicable per share Purchase Price therefor calculated in accordance with this Agreement, would enable the Company to deliver to the Investor, on the applicable Purchase Date for such Regular Purchase, a Regular Purchase Notice for a Purchase Amount equal to, or as closely approximating without exceeding, One Hundred Fifty Thousand Dollars ($150,000).

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the