Initial Purchase Agreement Sample Clauses
The Initial Purchase Agreement clause establishes the terms under which the buyer agrees to purchase a specified quantity of goods or services from the seller at the outset of the contract. It typically outlines the items to be purchased, the agreed-upon price, delivery timelines, and any conditions that must be met before the transaction is completed. By clearly defining the initial obligations of both parties, this clause ensures mutual understanding and reduces the risk of disputes regarding the first transaction under the contract.
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Initial Purchase Agreement. The Seller will not amend, waive or modify any provision of the Initial Purchase Agreement or waive the occurrence of any “Event of Termination” under the Initial Purchase Agreement, without in each case the prior written consent of the Purchaser and (prior to the RIPA Final Payment Date) the Program Agent; provided, however, that the Seller may amend the percentage set forth in the definition of “Discount” in the Initial Purchase Agreement in accordance with the provisions of the Initial Purchase Agreement without the consent of the Purchaser or the Program Agent; provided, further, that the Seller shall promptly notify the Purchaser and the Program Agent of any such amendment. The Seller will perform all of its obligations under the Initial Purchase Agreement in all material respects and will enforce the Initial Purchase Agreement in accordance with its terms in all material respects.
Initial Purchase Agreement. All representations and warranties of the Loan Parties to the Agent and the Purchasers set forth in Article 5 in the Initial Purchase Agreement were true and correct as of February 8, 2002, the closing date for the Initial Purchase Agreement.