Purchase Excess Clause Samples
The Purchase Excess clause defines the terms under which a buyer may acquire quantities of goods or services that exceed the originally agreed-upon amount in a contract. Typically, this clause outlines the conditions, pricing, and notification requirements for purchasing additional units beyond the initial order, ensuring both parties understand how excess purchases are handled. Its core function is to provide a clear mechanism for managing and pricing unexpected increases in demand, thereby preventing disputes and ensuring supply continuity.
Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. (New York time) on the immediately succeeding Business Day.
Purchase Excess. After completion of the disbursements --------------- specified in Subsections 6.03(a), (b) and (c), the Operating Agent shall notify the Seller of any remaining Purchase Excess, and the Seller shall deposit the amount of such Purchase Excess remaining in the Collection Account by 11:30 a.m. on the following Business Day.
Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify MRFC and the Master Servicer or Successor Servicer, as applicable, of any Purchase Excess on such day, and MRFC shall deposit the amount of such Purchase Excess in the Collection Account by 3:00 p.m. (New York time) on the following Business Day.