Minimum Purchase Obligation definition

Minimum Purchase Obligation means the quantities of Product described in Exhibit C.

Minimum Purchase Obligation has the meaning given in Section 3.6

Minimum Purchase Obligation means as such term is defined [ * ]

Examples of Minimum Purchase Obligation in a sentence

• The parties shall then meet and agree to the Annual Minimum Purchase Obligation of Strips that shall apply for each additional year.

• The Minimum Purchase Obligation is subject to the lower limit provided in this Section 2(b).

• Supplier shall be under no obligation to supply or sell Product above the Minimum Purchase Obligation, provided that if Supplier accepts a Purchase Order (hereafter defined) for Product above the Minimum Purchase Obligation, the terms of this Agreement shall apply and control such order.

• The Minimum Purchase Obligation shall be deemed to equal the higher of (i) thirty-three percent (33%) of Purchaser’s and its subsidiary’s actual requirements for Product aggregated over the Term or (ii) the Baseline Quantity.

• Supplier agrees that the Order Shortfall Payments are Purchaser’s sole liability and Supplier’s sole and exclusive remedy in the event that Purchaser fails to purchase any or all of the Minimum Purchase Obligation as provided in this Agreement.

More Definitions of Minimum Purchase Obligation

Minimum Purchase Obligation means the greater of (a) such quantities of Product or API, subject to Section 2.4, described in Exhibit C and (b) [****] percent ([****]%) of Purchaser’s, or Purchaser’s designee’s, worldwide requirements of Product or API, subject to Section 2.4.

Minimum Purchase Obligation means * percent (*%) of the total quantity of Product purchased by Client for commercial sale in the Territory on an annual basis during the Term, subject to adjustment in accordance with Section 4.1; provided that, Client may designate up to *% of Product purchased on an annual basis as “safety stock” and such safety stock shall not be deemed to be “for commercial sale” for the purposes of calculating the percentage of the total quantity of Product purchased by Client hereunder.

Minimum Purchase Obligation. A cumulative total target of 120,000 units of Slinger Tennis Ball Launchers as per Schedule 4 ● Shipping (INCOTERMS) Terms: Slinger Equipment: FCA at the DSV Logistics Centre in Ghent, Belgium or FOB Xiamen, China

Minimum Purchase Obligation has the meaning assigned to such term in the Supply Agreement.

Minimum Purchase Obligation is defined in Section 3.4(c). (af) "New Major Appliance" is a kitchen or laundry appliance that does not constitute a Same Major Appliance Product Lines.

Minimum Purchase Obligation means the greater of (a) such quantities of Product or API, subject to Section 2.4, described in Exhibit C and (b) [****] percent ([****]%) of Purchaser’s, or Purchaser’s designee’s, worldwide requirements of Product or API, subject to Section 2.4. Notwithstanding the above, the Parties agree that Menarini shall be entitled to sell the finished Product manufactured by Menarini at its Xxx Xxxxxx manufacturing facility from API supplied by VIVUS to Menarini for purposes of process validation; provided that the quantities of API supplied by VIVUS to Menarini for such process validation shall not be credited against Menarini’s Minimum Purchase Obligations (the “Tablet Validation Product”). Furthermore, the Parties agree that Menarini shall be entitled to sell the finished Product manufactured with the API manufactured by Menarini at its Lusochimica manufacturing facility; provided that the quantities of API manufactured by Menarini for such process validation shall not be credited against Menarini’s Minimum Purchase Obligations (the “API Validation Product”). Menarini further agrees (i) to pay royalties pursuant to Article 7 on any Product sold pursuant to this paragraph and (ii) that the Tablet Validation Products and API Validation Products are not to exceed [****] batches in total of each dosage with an estimated total yield of [****] tablets, [****] tablets, and [****] tablets.

Minimum Purchase Obligation means * percent (*%) of the total quantity of Product purchased by Client for commercial sale in the Territory on an annual basis during the Term, subject to adjustment in accordance with Section 4.1; provided that, Client may