Minimum Buys Clause Samples
The Minimum Buys clause sets a required baseline quantity or value of goods or services that a buyer must purchase from a seller within a specified period. In practice, this means the buyer is obligated to meet or exceed a certain purchase threshold, such as ordering at least 1,000 units annually or spending a minimum dollar amount per quarter. This clause ensures the seller receives a predictable level of business, reducing uncertainty and helping to justify investments in production or inventory.
Minimum Buys. BIT may be required to purchase certain minimum quantities of materials, wherein such minimum quantities may exceed what is required to meet Client’s forecast. After the Parties discuss such cases and Client agrees to BIT’s purchase by providing a material authorization, Client shall pay for such “minimum-buy excess material” upon termination of this Agreement, if such material is not consumed by BIT during the course of executing its obligations under this Agreement. If Client requests BIT to purchase excess materials for any reason, Client shall pay BIT a carrying cost charge on such material in the amount of [***]% per month of the ending dollar value of the material on a monthly basis.
Minimum Buys. BIT may be required to purchase certain minimum quantities of materials, wherein such minimum quantities may exceed what is required to meet Client’s forecast. After the Parties discuss such cases and Client agrees to BIT’s purchase by providing a material authorization, Client shall pay for such “minimum-buy excess material” upon termination of this Agreement, if such material is not consumed by BIT during the course of executing its obligations under this Agreement. If Client requests BIT to purchase excess materials for any reason, Client shall pay BIT a carrying cost charge on such material in the amount of [***]% per month of the ending dollar value of the material on a monthly basis. Manufacturing Agreement – No. 20312 Issue A Page 4 January 2nd, 2014 [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Minimum Buys. If a vendor requires Supplier to order a minimum quantity of materials or components that will be used in Custom Product, Supplier will obtain Google’s written approval before placing such order.
Minimum Buys. ▇▇▇▇▇▇ is not responsible or liable in any way for the restocking, handling, disposal, etc., of any “Minimum Buy” quantities of chemicals or hazardous materials that exceed ▇▇▇▇▇▇ needed quantities and are not required to be physically delivered by the Purchase Order, notwithstanding the fact that the Purchase Order provides for payment of the total “Minimum Buy Quantity.”
Minimum Buys. Customer acknowledges that certain suppliers may require Cirtronics to place orders for specified minimum quantities of Materials (“Minimum Buys”), and Customer agrees to be liable for all Minimum Buys that it approves under Section 4.4(b). Any such Minimum Buy that becomes Excess Material and/or Obsolete Material shall be treated in accordance with Section 4.4(d).