Master Purchase Agreement definition
Examples of Master Purchase Agreement in a sentence
The price of the Goods and Services is the price stated in the Purchase Order (the "Price") or Master Purchase Agreement (MPA).
After the Group had first entered into the INESA Master Purchase Agreement in 2014, the Company and HHGrace, among others, formed Hua Hong Wuxi, a non-wholly owned subsidiary of the Company, in 2018 to engage in the new business of production, manufacture and sale of 12-inch (300mm) wafers.
Pricing basis : The purchase prices of the goods and services under the INESA Master Purchase Agreement are determined with reference to market prices of comparable products which are available on an arm’s length basis and on terms no less favourable than those provided by at least two independent suppliers for identical or comparable products.
The historical transaction amount under the INESA Master Purchase Agreement for the period commencing on 1 January 2019 and ending on 15 November 2019 was approximately USD2,700,000, representing approximately 96.43% of the Existing Annual Cap under the INESA Master Purchase Agreement for the year ending 31 December 2019.
The Revised Annual Cap under the INESA Master Purchase Agreement for the year ending 31 December 2019 is USD5,800,000, which is approximately 2.07 times of the Existing Annual Cap or an increase of USD3,000,000 in the Existing Annual Cap under the INESA Master Purchase Agreement for the year ending 31 December 2019.