Spot Purchase definition

Spot Purchase means a one-time purchase occasioned by a small requirement, an unusual circumstance, or to take advantage of a favorable market condition.
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Spot Purchase means any purchase of fuel, reagent, or related transportation on behalf of Big Rivers where the terms and conditions are incorporated in the Letter Agreement, Purchase Order or Spot Contract and the term is typically of one year or less.
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Spot Purchase means the purchase of a defined quantity of one Product for a specified price. Specifically, a Spot Purchase shall not include: (i) a supply agreement for an indeterminate quantity of a Product; or (ii) a purchase agreement requiring the purchase of more than one Product as part of the agreement to purchase such Product; or (iii) any series of single purchases entered into for purposes of circumventing such Spot Purchase limitations.
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Examples of Spot Purchase in a sentence

  • The 100% Spot Purchase and Hedged Supply strategies are shown as rotated bell curves, symbolizing the probability distribution of cost per MWh for each (cost per MWh is the vertical axis); the horizontal mark is the expected value of the price.

  • The officer of the indenting department will act as the convener of the Spot Purchase Committee.

  • Spot Purchase Committee for Miscellaneous and petty itemsThis committee will have a member from Stores, and they will make all petty and miscellaneous purchases.

  • During restoration the stores department shall play a pro-active role in making emergency purchases preferably through Standing Spot Purchase Committee ( To be formed at SS, JAG and SAG levels empowering to make spot purchases at par Tender Committee ) and supplying the same to user department at sites.

  • The WP was tasked with defining provisions for a „safe vehicle“ and its approval.

  • Item 1.12 Constitution of Spot Purchase Committee & Inspection CommitteeFrom the start of the functioning of the University, efforts were made to procure the requirements of the University on DGS&D rates.

  • Stage (A):- Spot Purchase: The bank purchases Nasdaq Murabaha Certificates from the Spot Seller through a brokerage firm.68 Stage (B):- Murabaha Sale: The bank sells Nasdaq Certificates on Murabaha basis to the customer.

  • The effect of additional interactions in the same events (referred toas pileup) is accounted for by simulating additional interactions for each hard scattering event.

  • Spot Purchase: The acquisition of goods or services within the delegated limit where one price is quoted from one (1) vendor and additional quotes/prices or participation of vendors is not sought.

  • This cluster System Impact Study combines the two clusters into one study while respecting the individual clusters as they relate to potential system upgrades.


More Definitions of Spot Purchase

Spot Purchase means a purchase of Gas by UAMPS from a Participating Member for a period of less than one month.
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Spot Purchase means, as the context requires, a spot purchase Contract entered into between a Buyer and Olam using the Portal Shop as described in clause 4, for the supply of Products.
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Spot Purchase means a one­time purchase occasioned by a small requirement, an unusual circumstance, or to take advantage of a favorable market condition.
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Related to Spot Purchase

  • 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.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • 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.

  • Subsequent Purchaser Any Person that acquires an interest in a Mortgage Loan from Purchaser.

  • Subsequent Placement means the sale, grant of any option to purchase, or other disposition of by the Company, directly or indirectly, of any of the Company’s or its Subsidiaries’ equity or equity equivalent securities, including, without limitation, any Convertible Securities, Options, preferred stock or other instrument or security that is, at any time during its life and under any circumstances, convertible into or exchangeable or exercisable for Common Stock or Convertible Securities or Options.

  • First purchaser means the first buyer of a manufactured item that contains ferrous or nonferrous metal in a retail or business-to-business transaction. A person that purchases scrap metal, or other property described in section 10, in violation of this act, or an automotive recycler, pawnshop, scrap metal recycler, or scrap processor is not considered a first purchaser.