Split purchase definition

Split purchase means dividing a known quantity or failing to consolidate a known quantity of an acquisition for the purpose of evading a competitive bidding requirement.
Sample 1Sample 2Sample 3
Split purchase means dividing a known quantity or failing
Sample 1Sample 2Sample 3
Split purchase means dividing a known quantity or failing to consolidate a known quantity of an acquisition for the purpose of evading a competitive bidding requirement. Conviction for making an acquisition by split purchase is a felony pursuant to the Oklahoma Central Purchasing Act.
Sample 1Sample 2Sample 3

Examples of Split purchase in a sentence

  • The Company has obtained a fairness opinion with respect to the Reverse Split transaction, including the $3.35 per share Reverse Split purchase price, from Centerpoint Advisors, Inc., dated as of February 17, 1998 (the "Fairness Opinion"), which indicated that the proposed Reverse Split is fair from a financial point of view to the Company's shareholders.

  • Condition Precedent means a policy term or condition upon which the Insurer’s liability under the Policy is conditional upon.

  • Split purchase is the deliberate practice of splitting a transaction into two or more smaller transactions to keep the purchase beneath a cardholder’s single purchase limitation, or other stated purchaselimitation.

  • QPRTS IN OPERATION 6APPENDIX B: FORMS: 7APPENDIX C: QPRT PRIVATE LETTER RULINGS 8BIBLIOGRAPHY 12(NEW) APPENDIX E: QPRT–PRT COMPARISON 13(NEW) TABLE OF AUTHORITIES 15 The QPRT Manual, cumulative updates, corrections, and additions since publication in late 2004: CHAPTER 1: HOW QPRTS SAVE TAXES ¶ 1.4.05 Split purchase of life estate and remainder Change the title of this subsection to “Split purchase of life estate and remainder; sale of remainder.”At the bottom of p.

  • Split purchase means dividing a purchase into two or more smaller amounts to circumvent procurement regulations or an established single purchase limit.

  • The Company (i) shall not be required to ------------------- transfer on its books, or may issue appropriate "stop transfer" instructions to its transfer agents, if any, with respect to any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement, and (ii) the Company shall not be required to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.

  • Deferred Payments Payments are deferred until end of promo period 0% interest1, 3-24 months Monthly Installments Split purchase into equal monthly payments 0% interest1, 3-72 months Revolving Credit Purchase Like a regular credit card Up to 30 days interest free Founded in 2013 by Peter Kalen, Flexiti is one of Canada's fastest-growing point-of-sale fintech lenders, offering customers 0% interest1 financing at retailers that sell big- ticket goods like furniture, appliances, jewelry and electronics.

  • Split purchase transactions were identified for three different cardholders.

  • Hybrid DAPTs – non-self-settled trusts that permit access by giving someone a non-fiduciary power to add beneficiaries from a class that includes the grantor.4. GRATs – Grantor retained annuity trusts.5. SPLATsSM – Split purchase annuity trusts - two parties purchase an interest in an asset (e.g. the client and a GST exempt trust) and share ownership much like a GRAT6.

  • Split purchase customers are the same as, or very similar to dual play customers across all relevant dimensions.


More Definitions of Split purchase

Split purchase means a separate contract or acquisition for the purpose of evading the requirement of competitive bidding;
Sample 1Sample 2
Split purchase means dividing a known quantity or failing to consolidate a known quantity of an acquisition for the purpose of evading a competitive bidding requirement. Split purchasing for the purpose of evading competitive bidding requirements is a felony.
Sample 1

Related to Split purchase

  • Stock Purchase has the meaning set forth in the Recitals.

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Asset Purchase has the meaning set forth in the Recitals.

  • Retail Purchase means a purchase of any goods or services by the use of the Card and may, at the Bank’s absolute discretion and without prior notice, include or exclude any Card transaction as may be determined by the Bank;

  • Reverse Stock Split Date means the first date following the Initial Exercise Date on which a reverse stock split of the Common Stock is approved and deemed effective.

  • Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

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

  • Subscription Plan means a fixed term plan which relates to the Licensed Services as specified in the PGi Service Agreement

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.

  • Common Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share; provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Share Purchase has the meaning set out in Section 2.1.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • 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.

  • Securities Purchase has the meaning set forth in the recitals in this Agreement. “Seller” has the meaning set forth in the introductory paragraph to this Agreement.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Purchase means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property.

  • Asset Purchase Agreement has the meaning set forth in the Recitals.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

  • Recapitalization Agreement shall have the meaning set forth in the Recitals.

  • Stock Purchase Plan means the employee stock purchase plan to be established by Water Pik pursuant to Section 2.2.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. Immediate-need Reliability Project: “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.