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 actual cost of California gas purchases are reduced by an amount equal to the Minimum Purchase Obligation (MPO) costs allocated to the noncore in rates.

• Customer must make this Minimum Purchase Obligation Payment within 30 days of the date of Hologic’s invoice.

• If Customer does not order and pay for the quantity listed for each Product Category (“Estimated Yearly Quantity”) within any 12 month period (“Minimum Purchase Obligation”), then Hologic may require Customer to pay, at the end of the 12 month period, the difference between the Minimum Purchase Obligation and the amount actually paid by Customer during that period for the Product (“Minimum Purchase Obligation Payment”).

• Also, Hologic may increase pricing by up to 5% for the rest of the Term for any Product for which Customer does not meet the Minimum Purchase Obligation.

• After the Force Majeure event or circumstance is concluded, (i) Purchaser may, at its option, require Supplier to supply Products to make up any deficiency in the quantities of the Products procured by Purchaser during said Force Majeure event or circumstance and (ii) the Minimum Purchase Obligation shall be adjusted for any deficiency in the quantities of the Product procured by Purchaser from third-party suppliers during the Force Majeure.

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. 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 means seventy percent (70%) 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 20% 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 has the meaning assigned to such term in the Supply Agreement.

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

Minimum Purchase Obligation means the total dollar value of Qualifying Purchases (as provided in Section 10.1) which Distributor is obligated to make or exceed each calendar quarter while this Agreement is in effect.

Minimum Purchase Obligation means the quantities of Product described in Exhibit C; provided, however, that if Purchaser exercises its right to conduct Independent Manufacturing (as defined in the License Agreement), Minimum Purchase Obligation shall thereafter mean, for each calendar year during the Term, the greater of (a) *** (***%) percent of Purchaser’s requirements of Product during such calendar year and (b) the quantities of Product described in Exhibit C.