Combined Purchases definition
Combined Purchases means, for any period, the sum of (A) Net Purchases for such period and (B) the Purchaser Incremental Purchases during such period. 1.10. "Purchaser" shall mean GE Capital Information Technology Solutions - North America, Inc. 1.11. "Base Amount" shall mean, with respect to the Purchaser (excluding all Acquired Entities) or any Acquired Entity, (i) for the first year during the term hereof, the Base Percentage of the total invoice amounts, net of all rebates and returns, of all Products purchased by the Purchaser (excluding all Acquired Entities) or by such Acquired Entity, as the case may be, from Ingram in the United States and Canada during the twelve full consecutive months prior to (x) the Closing Date (as defined below) in the case of the Purchaser (excluding all Acquired Entities) or (y) the date of the acquisition by the Purchaser of the Acquired Entity, in the case of an Acquired Entity and (ii) for each subsequent year during the term hereof, the Base Amount for the prior year, multiplied by the Base Percentage. 1.12. "Purchaser Incremental Purchases" shall mean, for any period, the sum of (A) the excess, if any, of (i) the total invoice amounts, net of all rebates and returns, of all Products purchased by Purchaser (excluding all Acquired Entities) from Ingram and its subsidiaries in the United States and Canada during such period pursuant to that certain resale agreement (as it may be amended, supplemented or renewed from time to time) between Ingram and the Purchaser or similar agreements or any replacement or successor agreement of the same general business character, over (ii) the Base Amount with respect to the Purchaser (excluding all Acquired Entities) and (B) the sum (for each Acquired Entity) of the excess, if any, of (i) the total invoice amounts, net of all rebates and returns, of all Products purchased by an Acquired Entity from Ingram and its subsidiaries in the United States and Canada during such period pursuant to that certain resale agreement (as it may be amended, supplemented or renewed from time to time) between Ingram and the Purchaser and any replacement, successor or similar agreements, over (ii) the Base Amount with respect such Acquired Entity. 1.13. "Base Percentage" means (i) in the case of the Purchaser (excluding all Acquired Entities), ** and (ii) in the case of any Acquired Entity, a percentage to be mutually agreed by the parties hereto based on such Acquired Entity's historical growth in purchase volume with Ingr...
Combined Purchases means, for any period, the sum of (A) Net Purchases for such period and (B) the Purchaser Incremental Purchases during such period.
Examples of Combined Purchases in a sentence
The intention of both parties is that the Combined Purchases will be at a rate of $600 million per year ("Annual Minimum Revenue").
XLS hereby agrees that the Combined Purchases will equal a minimum of $1.8 billion of Products ("Guaranteed Minimum Revenue") during the term of this Agreement.