Single Purchase definition

Single Purchase has the meaning given such term in Clause 4.1(b).
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Single Purchase has the meaning given to it in Clause 10.1.2 (Put Option).
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Single Purchase means a one-time purchase of goods and services, or an annual aggregate of like purchases not to exceed King County’s Direct Buy threshold, for which King County does not have an existing purchase agreement or contract established.
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Examples of Single Purchase in a sentence

  • The Single Purchase Payment must be paid and received by Us before the Contract Date.

  • The Single Purchase Payment must be made payable to Us at Our Administrative Office or made payable to Us and delivered to one of Our financial professionals.

  • No subsequent Purchase Payment is permitted after the Single Purchase Payment.

  • GOOD ORDER -- The receipt by Us, at Our Administrative Office, of all information, documentation, instructions and/or Single Purchase Payment deemed necessary by Us, in Our sole discretion, to issue this Contract or execute any transaction pursuant to its terms.

  • This Contract is issued in consideration of the Single Purchase Payment approved by Us on or before the Contract Date.

  • The initial Contract Value is equal to the Single Purchase Payment shown on the Contract Specifications, less any deduction for Taxes.

  • Taxes may result on Our receipt of the Single Purchase Payment, when a Withdrawal or Surrender is made, this Contract is annuitized or a Death Benefit is paid.

  • ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY Home Office: Dover, Delaware Principal Office: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Phone Number: ▇-▇▇▇-▇▇▇-▇▇▇▇ This is a legal contract between you and the Company and is issued in consideration of the Single Purchase Payment shown on the Specifications page.

  • The amount of the Single Purchase Payment is shown on the Contract Specifications.

  • If the age or the sex of the Annuitant has been misstated, the benefits in this Contract will be those which the Single Purchase Payment would have bought for the right age and sex.


More Definitions of Single Purchase

Single Purchase or “Spot purchase” means a one-time purchase made in an open market. If it is under the small purchase threshold, it will be made in accordance with the Small Purchase Policy. If over the small purchase threshold, it will be made by competitive sealed bidding or competitive negotiation or by an exception authorized by law.
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