Joint Purchasing Agreements definition
Joint Purchasing Agreements means any agreement between or among the Corporation and/or its Restricted Subsidiaries, and/or any of their respective Subsidiaries, whereby the parties thereto agree to jointly purchase goods or services from third parties, provided that such agreements result in the Corporation or the applicable Restricted Subsidiary purchasing such goods or services on terms that are no worse than would have been obtained by the Corporation or applicable Restricted Subsidiary in the absence of such agreement.
Examples of Joint Purchasing Agreements in a sentence
The Lauderdale County Board of Education is authorized to use all State of Alabama bids, Cooperative Bids, and Joint Purchasing Agreements when they are advantageous to the Board.