Inventory Purchase Amount definition

Inventory Purchase Amount means each of the amounts funded by the Inventory Purchaser to the Supplier to represent the balance of the purchase price for the Products set forth in the applicable Purchase Order and Invoice, after payment of the Deposit by the Company.
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Examples of Inventory Purchase Amount in a sentence

  • If Inventory Purchaser, in its discretion, elects to make the Inventory Purchase Amount, then, subject to the terms of this Agreement, the Inventory Purchaser shall promptly schedule a wire transfer of immediately available funds, representing the Inventory Purchase Amount of the applicable Invoice and Purchase Order to the Supplier for the remaining 80% balance of the purchase price for the Products set forth in the Purchase Order and Invoice.

  • In the event that for any reason the Company wishes to engage vendors for the Products other than the Supplier named herein (an “Alternate Supplier”) and requests the Inventory Purchaser to provide an Inventory Purchase Amount to such Alternate Supplier under this Agreement, such Alternate Supplier shall be subject to the prior written approval of the Inventory Purchaser and it is hereby authorized to communicate with and get information from such Alternate Supplier.