Common use of Purchase and Sale Commitments Clause in Contracts

Purchase and Sale Commitments. Each outstanding purchase and sale commitment of the Company in the amount of $5,000.00 or more. No material outstanding purchase commitments by the Company is in excess of the normal, ordinary and usual requirements of the Company's Business. No commitment the term of which extends beyond ninety (90) days after the date hereof purports to obligate the Company to sell any product at a price which, in view of currently prevailing and projected costs of raw materials, would result, when all such sales commitments are taken in the aggregate, in a loss to the Company. The Company has not rendered bill▇▇▇▇ ▇▇▇ or collected progress or other advance payments under any sales commitment providing for such payments in excess of amounts that could reasonably be billed or collected on the basis of work actually completed thereunder.

Purchase and Sale Commitments. Each outstanding purchase and sale commitment of the Company Companies in the amount of $5,000.00 1,000.00 or more. No material outstanding purchase commitments by the Company Companies is in excess of the normal, ordinary and usual requirements of the Company's Companies' Business. No commitment the term of which extends beyond ninety (90) days after the date hereof purports to obligate the Company Companies to sell any product or service at a price which, in view of currently prevailing and projected costs of raw materials, would result, when all such sales commitments are taken in the aggregate, in a loss to the CompanyCompanies. The Company has Companies have not rendered bill▇▇▇▇ ▇▇▇ or collected progress or other advance payments under any sales commitment providing for such payments in excess of amounts that which could reasonably be billed or collected on the basis of work actually completed thereunder.