Common use of Purchase Commitments Clause in Contracts

Purchase Commitments. Except as set forth in Schedule 4.14.(c), Sellers have no purchase commitments for inventory items or supplies that, together with amounts on hand, constitute in excess of 6 months normal usage, or which are at an excessive price.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Oakmont Acquisition Corp.), Asset Purchase Agreement (Oakmont Acquisition Corp.)

Purchase Commitments. Except as set forth in Schedule 4.14.(c4.13.(c), Sellers have Company has no purchase commitments for inventory items or supplies that, together with amounts on hand, constitute in excess of 6 three months normal usage, or which are at an excessive price.

Appears in 1 contract

Sources: Asset Purchase Agreement (National Research Corp)

Purchase Commitments. Except as set forth in Schedule 4.14.(c), Sellers have Seller has no purchase commitments for inventory items or supplies that, together with amounts on hand, constitute in excess of 6 months normal usage, or which are at an excessive pricenot on commercially reasonable terms.

Appears in 1 contract

Sources: Asset Purchase Agreement (Veri-Tek International, Corp.)