Aggregate Spend definition
Examples of Aggregate Spend in a sentence
If the expenditure for any Geographical Region becomes less than the amount stipulated under clauses 15.1(A)(1) or 15.1(A)(2) above (as applicable)(the "Threshold"), the Licensee must spend the difference between the Threshold and the actual Advertising and Promotion expenditure in the relevant Geographical Region in such other Geographical Region or Geographical Regions as it may choose provided that at all times the Licensee spends no less than the Aggregate Spend in the Territory.
The Report must contain the following fields: • Participating Entity Name (e.g., City of Staples Highway Department); • Participating Entity Physical Street Address; • Participating Entity City; • Participating Entity State/Province; • Participating Entity Zip/Postal Code; • Item Purchased Description; • Aggregate Spend by Participating Entity; • Sourcewell Administrative Fee Applied; and • Quarter-End Date.
Subject to clause 0, in each year of the term of this Agreement the Supplier’s liability for Costs in respect of the Customer shall be limited to the greater of £3m (three million pounds sterling) or 150% of the Aggregate Spend.
The aggregate of the amounts to be spent on Advertising and Promotion in all of the Geographical Region of the Territory pursuant to clauses 15.1(A)(1) and 15.1(A)(2) shall for the purposes of this clause 15.1 hereinafter be referred to as the "Aggregate Spend".
In addition to the above, and notwithstanding any other provision in this Agreement and without reference to the limitations contained in this Section 9 or Section 10, but subject to a cap of four times (4x) the Aggregate Spend, Palo Alto Networks agrees that with respect to any alleged breach of its data security or privacy obligations in this Section 13 or in Section 12 directly caused by its action or inaction, Palo Alto Networks shall reimburse Customer in full for Data Breach Remediation Costs.