Purchasing Volume definition

Purchasing Volume means for any portion of Contract Year 1996 the total dollar volume of purchases made by Member Facilities and Overlap Providers during that time period under group purchasing agreements of the Partnership or its predecessor American Healthcare Systems Purchasing Partners, L.P., that pay Group Purchasing Fees. For any Contract Year after Contract 1996, "Purchasing Volume" means the total volume of purchases made by Member Facilities and Overlap Providers during the applicable Contract Year under group purchasing agreements of the Partnership that pay Group Purchasing Fees. Notwithstanding the foregoing sentence, the volume of purchases made by Member Facilities and Overlap Providers pursuant to any agreement between the Partnership and a distributor shall only be included in Purchasing Volume in the same proportion 4 as the Group Purchasing Fee under such distribution agreement as compared to the average Group Purchasing Fee received by the Partnership pursuant to all of its group purchasing agreements. By way of example only, if the Group Purchasing Fee under such distribution agreement were 1.1% and the Partnership's average Group Purchasing Fee were 2.2%, the applicable proportion would be fifty percent (50%) and fifty percent (50%) of Quorum's purchases under such distribution agreement would be included in the applicable Purchasing Volume.
Sample 1
Purchasing Volume means the total volume of purchases made by Member Facilities and Overlap Providers during the applicable Contract Year under group purchasing agreements of the Partnership that pay Group Purchasing Fees. Notwithstanding the foregoing sentence, the volume of purchases made by Member Facilities and Overlap Providers pursuant to any agreement between the Partnership and a distributor shall only be included in Purchasing Volume in the same proportion 4 as the Group Purchasing Fee under such distribution agreement as compared to the average Group Purchasing Fee received by the Partnership pursuant to all of its group purchasing agreements. By way of example only, if the Group Purchasing Fee under such distribution agreement were 1.1% and the Partnership's average Group Purchasing Fee were 2.2%, the applicable proportion would be fifty percent (50%) and fifty percent (50%) of Quorum's purchases under such distribution agreement would be included in the applicable Purchasing Volume.
Sample 1

Examples of Purchasing Volume in a sentence

  • Upon the occurrence of any Agreement Termination other than a (i) Termination for Cause by iSecureTrac in accordance with Section 13.2, or (ii) Termination for Convenience by DISTRIBUTOR under Section 13.3, the [confidential treatment requested] Commitment and all other Purchasing Commitments (if any) shall terminate, and DISTRIBUTOR shall have no further liability or obligation to iSecureTrac hereunder or otherwise with respect thereto, any Purchasing Volume Default, or any similar deficiency or amount.

  • Commencing with Contract Year 1997 and for each Contract Year hereafter, the Partnership shall guarantee that Quorum receive Administrative Fees from vendors for Purchasing Volume made during the applicable Contract Year in the amount of Six Million Four Hundred Thousand Dollars ($6,400,000), so long as the Purchasing Volume for the applicable Contract Year equals or exceeds the applicable Participant Benchmark set forth in Section 4.4 below.

  • If the applicable Participant Benchmark is not satisfied, the guarantee of Administrative Fees set forth in this Section 4.2 shall be reduced in the same proportion as the shortfall between the actual Purchasing Volume for the applicable Contract Year and the applicable Participant Benchmark expressed as a percentage of the Participant Benchmark.

  • The parties agree and acknowledge that, as of the date of this First Amendment, the Purchasing Volume for Contract Year 1996 has not been finally determined and reconciled to the satisfaction of both parties.

  • Upon the occurrence of any Agreement Termination other than a (i) Termination for Cause by iSecureTrac in accordance with Section 13.2, or (ii) Termination for Convenience by DISTRIBUTOR under Section 13.3, the 1,000 Xxxx Commitment and all other Purchasing Commitments (if any) shall terminate, and DISTRIBUTOR shall have no further liability or obligation to iSecureTrac hereunder or otherwise with respect thereto, any Purchasing Volume Default, or any similar deficiency or amount.

  • Any amount of Administrative Fees owed by the Partnership to Quorum for a particular Contract Year pursuant to this Section 4.2 shall be reduced and offset by those Administrative Fees paid by the vendors directly to Quorum for such Contract Year's Purchasing Volume.

  • In the event the Purchasing Volume exceeds the Participant Benchmark for any Contract Year, Quorum will be entitled to any Administrative Fees generated by such excess Purchasing Volume only to the extent Administrative Fees actually received by Quorum directly from vendors and/or from the Partnership exceed six million four hundred thousand dollars ($6.4 million) in any Contract year.

  • For example only, if the Purchasing Volume for Contract Year 1997 is $200,000,000 (50% of the Participant Benchmark for that Contract Year), the Administrative Fee guarantee shall be reduced by fifty percent (50%) to $3,200,000 (50% of $6,400,000).

  • DISCOUNT SCHEDULE The Eligible Product Discounts set forth below (i) shall be used for the sole purpose of computing the amount of any Unearned Discount which may accrue in favor of iSecureTrac hereunder if (and only if) DISTRIBUTOR commits a qualifying Purchasing Volume Default hereunder, and (ii) shall not grant or entitle DISTRIBUTOR to a second, additional reduction in the Price for any Product above and beyond the discount already reflected in its Contract Unit Price.

  • Quorum shall provide the Partnership with reasonable access to its books and records for the sole purpose of verifying the Purchasing Volume for a Contract Year and the amount of Administrative Fees paid to Quorum by vendors for that Contract Year Purchasing Volume.

Related to Purchasing Volume

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

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

  • Accelerated Purchase Share Volume Maximum means the number of shares of Common Stock traded on the Principal Market during normal trading hours on the Accelerated Purchase Date equal to (i) the amount of shares of Common Stock properly directed by the Company to be purchased on the Accelerated Purchase Notice, divided by (ii) the Accelerated Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

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

  • Additional Accelerated Purchase Share Volume Maximum means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, a number of shares of Common Stock equal to (i) the number of Purchase Shares specified by the Company in the applicable Additional Accelerated Purchase Notice as the Additional Accelerated Purchase Share Amount to be purchased by the Investor in such Additional Accelerated Purchase, divided by (ii) the Additional Accelerated Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • 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.

  • Combined Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Purchasing Card or “P-Card” means The State of West Virginia’s Purchasing Card program, administered under contract by a banking institution, processes payment for goods and services through state designated credit cards.

  • Closing Sales Price means, for any security as of any date, the last sales price of such security on the principal trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Corporation if Bloomberg Financial Markets is not then reporting closing sales prices of such security) (collectively, “Bloomberg”), or if the foregoing does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no such price is reported for such security by Bloomberg, the average of the bid prices of all market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a trading day for such security, on the next preceding date that was a trading day. If the Closing Sales Price cannot be calculated for such security on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Corporation, with the costs of such appraisal to be borne by the Corporation.

  • Allocated Purchase Price means with respect to each Purchaser, the dollar amount set forth opposite such Purchaser’s name under the heading “Allocated Purchase Price” on Schedule A hereto.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Per Unit Purchase Price equals $2.125, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.