Common use of Minimum Purchases Clause in Contracts

Minimum Purchases. Distributor shall purchase a sufficient amount of Products from Developer so as to meet or exceed the minimum purchase requirements set forth below, provided, however; that purchases of Products in excess of the minimum purchase requirement set forth below for any period shall be credited towards the minimum purchase requirements set forth below for subsequent periods. For the purposes of this provision, a "purchase" of Products within specified time period shall mean paying Developer for such Products on or before the last day of such period. Year 1: ▇▇▇▇▇ Spinal Needles Year 2: ▇▇▇▇▇ Spinal Needles Year 3: ▇▇▇▇▇ Spinal Needles