Purchase Term definition

Purchase Term means, with respect to any Purchased Asset and any date of determination, the applicable period from the Purchase Date for such Purchased Asset to such date of determination.

Purchase Term means the period of time beginning on the Closing Date and ending three years from the Closing Date.

Purchase Term means the five (5) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice six (6) months prior to the end of the initial five (5) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon six (6) months prior written notice by Lannett or MOVA to the other.

Examples of Purchase Term in a sentence

• Notwithstanding the foregoing, the Assessment Term will be followed by a Purchase Term provided that, within ninety (90) days of the expiration date of the Assessment Term, the Parties have agreed to a written document to this Exhibit, which will itemize the titles selected by Customer.

• Any Purchase Term which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating any other Purchase Terms.

• Exhibit A hereto sets forth the interest component and the principal component of each payment of Purchase Price during the Purchase Term.

• During the Purchase Term, Purchaser shall keep a complete and accurate register of all such assignments in form necessary to comply with Section 149(a) of the Internal Revenue Code of 1986, as amended.

• Purchaser intends, subject to the provisions of Section 6.04, to continue the Purchase Term and to pay all of the Purchase Price hereunder.

More Definitions of Purchase Term

Purchase Term means, with respect to any Purchased Loan and any date of determination, the applicable period from the Purchase Date for such Purchased Loan to such date of determination.

Purchase Term means the period of a power purchase agreement during which the qualifying facility is selling its output to the public utility.

Purchase Term means the period beginning with the Commencement Date and continuing until terminated as provided in Article IV.

Purchase Term means, with respect to each state, the Standard Account Closure Period or the Extended Account Closure Period, as applicable, in each case as such terms are defined in Exhibit A to the Pledge and Security Agreement.

Purchase Term means the five (5) year ------------- period that begins on the date the first order for Product is shipped after the Approval Date.

Purchase Term means the three (3) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice six (6) months prior to the end of the initial three (3) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon six (6) months prior written notice by Lannett or Novopharm to the other. In the event that the market does not support the agreement either party may cancel the agreement by giving the other party one hundred and eighty (180) days written notice.

Purchase Term means, with respect to any Purchased Asset and any date of determination, the applicable period from the Purchase Date for such Purchased Asset to such date of determination. “Purchased Asset” shall mean (i) with respect to any Transaction, the Eligible Assets sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer. “Purchased Asset Documents” shall mean, with respect to a Purchased Asset, the documents specified in Schedule 2. “Purchased Asset File” shall mean the Purchased Asset Documents, together with any additional documents and information required to be delivered to Buyer or its designee (including Custodian) pursuant to this Agreement.