Minimum Purchases definition
Examples of Minimum Purchases in a sentence
For the avoidance of the doubt, the obligation of the Distributor to purchase Products in at least the amount listed as the Minimum Purchases Amount during any applicable period during the Fixed Term shall not in any way be conditioned upon any minimum purchase requirements agreed to by the Supplier and the Dealers or actual orders received by the Distributor from the Dealers.
The Minimum Purchases Amount shall be measured using the aggregate value (ex-works price to the Distributor) of all Equipment and Parts purchased and paid for by the Distributor during the applicable period.
The foregoing Minimum Purchases shall be reduced by any carry-over credits pursuant to article 7.6. • The Minimum Purchases will be determined with reference to goods and services produced and rendered up to date and included in the price list attached hereto as Annex 1 by LEM.
The Minimum Purchases for calendar year 2013 (the “2013 Minimum Amount”) shall be calculated by adding (i) the delayed minimum purchase amounts in the Original Agreement of € 301,000.00 from calendar year 2011, plus an extra 20% “bonus” amount of € 60,200.00 (for a total of € 361,200.00), and (ii) the total Benefit actually utilized by O21 for calendar year 2012, for a total combined maximum amount of both (i) and (ii) of up to € 761,200.00.
Moreover, orders of goods and services made by O21 and/or its subsidiaries, and unreasonably refused by LEM or cancelled by O21 and/or its subsidiaries owing to LEM’s liability, shall be accounted for the purposes of satisfying the Minimum Purchases requirement.
The number of Units purchased by Oakley and/or its Affiliates from others or manufactured by Oakley and/or its Affiliates pursuant to this Subsection, will be deducted from the Minimum Purchases required during the Contract Year and/or Renewal Year in which such Products were so manufactured or so purchased from others.
To the extent that any discontinuance of an ICD Product by Manufacturer, causes Purchaser not to meet any Aggregate Minimum Purchases set forth on Schedule 7.5(b) for a Region, the Aggregate Minimum Purchases shall be deemed waived for that Region for the year in question.
CRI agrees that its right to stop or cancel work does not relieve if from the obligation to purchase and pay for the Minimum Purchases.
In the event Manufacturer refuses to prosecute an infringement action following notice thereof by Purchaser, to the extent that Purchaser demonstrates that such failure to prosecute resulted in Purchaser's failure to meet Aggregate Minimum Purchases set forth on Schedule 7.5(b) for a Region, then the Aggregate Minimum Purchases shall be deemed waived for that Region for the year in question.
CRI shall receive credit against its yearly Minimum Purchases only for purchases of the Service which have a start date that is no more than [****] days from the end of the [****] period in which they were purchased.