Minimum Purchase Obligations definition

Minimum Purchase Obligations means the amount of Strips listed ---------------------------- on Exhibit C.
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Minimum Purchase Obligations shall have the meaning set forth in Section 7.2(a).
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Minimum Purchase Obligations. These are defined as being to achieve unit sales up to 0.5% of the agreed (between parties) UK AND IRELAND avid tennis player market consisting of 2 MILLION avid players, over a 5 year period. This represents a cumulative total of 9,000 units of Slinger Tennis Ball Launchers.
Sample 1

Examples of Minimum Purchase Obligations in a sentence

  • Nipro shall purchase no less ----------------------------------- than the amount of Strips listed on Exhibit C for sale in the Territory in each calendar year (the "Annual Minimum Purchase Obligations").

  • If TheraSense is unable to meet the required and necessary TNO Guidelines and is unable to obtain the IVD-CE xxxx by June 30, 2001 then TheraSense and Disetronic shall engage in good faith discussions regarding an amendment to the Minimum Purchase Obligations in Exhibit C.

  • For the avoidance of doubt, Metuchen shall not have any Minimum Purchase Obligations under the Supply Agreement for calendar year 2020, 2021 or otherwise.

  • The compensation provisions of Section 5.8 (Compensation to Supplier) and Section 12.5(b) (Minimum Purchase Obligations) shall be Supplier’s sole remedy for Replidyne’s failure to purchase the minimum purchase quantities of Drug Substance pursuant to this Section 3.2. For clarity, the provisions of this Section 3.2, Section 5.8 and Section 12.5(b) shall only apply from and after the Launch Go Date.

  • For contracts above this threshold, the YAA board of directors are required to proceed with an invitational competition.

  • Subject to the foregoing, if Disetronic fails to meet the Minimum Purchase Obligations during the *** of the *** or in any *** thereafter of the Initial Term (as defined in Section 13.1 below), TheraSense shall have the right, at its option, to terminate this Agreement for cause pursuant to Section 13.2 hereof.

  • In cases where Distributor places orders in excess of the quantities of the Minimum Purchase Obligations for any given year, date of de1ivery shall be by agreement between the parties.

  • In cases where Distributor places orders in excess of the quantities of the Minimum Purchase Obligations for any given year, date of delivery shall be by agreement between the parties.

  • In the event Disetronic does not obtain such -14- Initials: ____ ____ *** CONFIDENTIAL TREATMENT REQUESTED National Registrations until *** Disetronic's Minimum Purchase Obligations for year 2001 shall be *** (e.g. if such National Registrations are not obtained until ***, Disetronic shall only be obligated to purchase *** in 2001).

  • If the Agreement is so terminated, no sums or other form of compensation shall be due to MCM from Distributor by reason of Distributor failure to meet its Minimum Purchase Obligations, provided that such failure to meet the Minimum Purchase Obligations by Distributor is not due to or as a result of Distributor's gross negligence, omission, willful malfeasance or fraud.


More Definitions of Minimum Purchase Obligations

Minimum Purchase Obligations. These are defined as being to achieve unit sales to 2.5% of the agreed (between parties) Japanese avid tennis player market consisting of 1.3 million avid players, over a 5-year period. This represents a cumulative total of 32,500 units of Slinger Tennis Ball Launchers.
Sample 1
Minimum Purchase Obligations means Ascend’s obligations to purchase Product set forth on Exhibit B hereto for each period specified therein.
Sample 1
Minimum Purchase Obligations or ‘MPOs’ means in respect of any Quarter the minimum amount of each Product that Distributor is obliged to purchase from the Company in that Quarter in accordance with Clauses 3.5 and 3.6, it being agreed that Product that is purchased but subsequently returned shall not be counted when calculating the amounts purchased by the Distributor unless such Product is rejected because it does not meet the specifications set out in the Registration or is not manufactured according to Applicable Law (in which case such non-conforming or non-compliant Product shall be counted when calculating the amounts purchased by the Distributor);
Sample 1

Related to Minimum Purchase Obligations

  • Purchase Obligation means the unconditional and irrevocable obligation of the Liquidity Provider during the term and pursuant to the terms of the VRDP Shares Purchase Agreement to purchase Outstanding VRDP Shares on any Purchase Date at the Purchase Price from Beneficial Owners, in the case of any Optional Tender, and Holders, in the case of any Mandatory Tender or any Mandatory Purchase, in each case following delivery of a Final Notice of Purchase with respect to such VRDP Shares.

  • Repurchase Obligations shall have the meaning assigned thereto in Article 6(a).

  • Repurchase Obligation has the meaning set forth in Section 8.6.

  • Eligible Repurchase Obligations Repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States, in either case entered into with a depository institution or trust company (acting as principal) described in clauses (c)(ii) and (c)(iv) of the definition of Permitted Investments.

  • Finance Lease Obligations of any Person means the obligations of such person under any lease that meets the criteria of a finance lease (as defined by ASC 842) and would be capitalized on a balance sheet of such person prepared in accordance with GAAP, and the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. For purposes of determining the aggregate consideration paid for an Acquisition at the time of such Acquisition, the amount of any Earn Out Obligations shall be deemed to be the maximum amount of the earn-out payments in respect thereof as specified in the documents relating to such Acquisition. For purposes of determining the amount of any Earn Out Obligations to be included in the definition of Funded Indebtedness, the amount of Earn Out Obligations shall be deemed to be the aggregate liability in respect thereof, as determined in accordance with GAAP.

  • Lease Obligations of the Company and its Subsidiaries, as of the date of any determination thereof, the rental commitments of the Company and its Subsidiaries determined on a consolidated basis, if any, under leases for real and/or personal property (net of rental commitments from sub-leases thereof), excluding however, obligations under Financing Leases.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a Finance Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP.

  • Synthetic Lease Obligations means, with respect to any Person, the sum of (i) all remaining rental obligations of such Person as lessee under Synthetic Leases which are attributable to principal and, without duplication, (ii) all rental and purchase price payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option to purchase the lease property at the end of the lease term.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Securitization Repurchase Obligation means any obligation of a seller of Securitization Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a Standard Securitization Undertaking, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Capitalized Lease Obligation means an obligation under a lease that is required to be capitalized for financial reporting purposes in accordance with generally accepted accounting principles, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with such principles.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.