Purchase Approval definition

Purchase Approval means the agreement by Assignee to purchase a Contract resulting from a given Approval, subject to the terms and conditions of this Agreement.
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Purchase Approval. Purchases under the cost reimbursable technical provisions with an acquisition cost in excess of $5,000 shall be submitted to the COR for approval prior to purchase. Where possible, at least 3 bids must be documented with the purchase being awarded to the lowest bidder. When 3 bids are not possible or reasonable, the contractor will provide written justification for approval by the COR. In the event emergency repair parts are required to protect personnel or property, the Contractor is authorized to make purchases to affect immediate repair. All items, regardless of cost, which will become accountable property items, must be submitted to the COR for approval prior to purchase.
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Examples of Purchase Approval in a sentence

  • Refer to Exhibit A, Statement of Work, Purchase Approval section.

  • Any vehicle(s) replaced must be disposed of 90 days after receiving the Proof of Purchase Approval.

  • An Assignment corresponding to the Contract shall have been fully and properly completed and signed by Registered Contractor, and submitted to Assignee, prior to the expiration of the Purchase Approval Period.

  • Assignee may elect, in its sole discretion, to accept from Registered Contractor, subject to any limitations imposed by applicable law, (i) a Contract reflecting an Amount Financed less than the Minimum Amount Financed and greater than the Maximum Amount Financed, or (ii) a Contract for which corresponding Contract Documents have not been delivered within the applicable Purchase Approval Period.

  • If the Approval is not a Subsequent Approval, the Application Approval Period shall equal thirty (30) calendar days and the Purchase Approval Period shall equal one hundred eighty (180) calendar days.

  • The Contract shall have been executed by both Buyer and Registered Contractor within the Application Approval Period, or, if the Contract is a Subsequent Contract, within the Purchase Approval Period.

  • If the Approval is a Subsequent Approval, the Application Approval Period shall equal the lesser of thirty (30) calendar days or the number of days remaining in the existing and unexpired Purchase Approval Period, and the Purchase Approval Period shall equal the number of days remaining in the existing and unexpired Purchase Approval Period.

  • The Home Improvement Project shall have been completed and unconditionally accepted by Buyer, as reflected on a fully and properly completed and signed Completion Certificate, and submitted to Assignee, prior to the expiration of the Purchase Approval Period; provided, however, that Assignee may waive this condition at any time in its sole discretion.

  • If evidence of supply chain traceability (chain of custody) to the OCM/ OEM is not available, the Seller must notify the Buyer immediately in writing and get authorization to purchase this product, and our Buyer will send you a D088 (Component Purchase Approval) form to complete.

  • If evidence of supply chain traceability (chain of custody) to the OCM/ OEM is not available, Seller must notify Buyer immediately in writing and get authorization to purchase this product and our Buyer will send you a D088 (Component Purchase Approval) form to complete.