Major purchase definition

Major purchase. – shall mean the purchase of goods or services that, in the aggregate, exceeds $10,000.
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Major purchase means the purchase of goods or services that, in the aggregate, exceeds $5000. - Capital Campaign Steering Committee – shall mean the committee constituted to contract for the procurement of goods or services in furtherance of the Capital Campaign, including issuing requests for proposals (RFPs), reviewing responses thereto and accepting any proposals. - Vendor – any person or entity that provides goods or services subject to this Protocol.
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Major purchase. – shall mean the purchase of goods or services that, in the aggregate, exceeds $5000.
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Examples of Major purchase in a sentence

  • Major purchase is defined as purchase of an item where the cost is greater than $500 or where the service/maintenance period on the equipment is greater than one year and could exceed $500 in total maintenance costs.

Related to Major purchase

  • Shareholder-Initiated Transfer Purchase means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract to a Fund, but does not include transactions that are executed: (i) automatically pursuant to a contractual or systematic program or enrollment such as transfer of assets within a Contract to a Fund as a result of “dollar cost averaging” programs, insurance company approved asset allocation programs, or automatic rebalancing programs; (ii) pursuant to a Contract death benefit; (iii) one-time step-up in Contract value pursuant to a Contract death benefit; (iv) allocation of assets to a Fund through a Contract as a result of payments such as loan repayments, scheduled contributions, retirement plan salary reduction contributions, or planned premium payments to the Contract; or (v) pre-arranged transfers at the conclusion of a required free look period.

  • Offer Price or Purchase (Public Offer) Price means the sum to be paid by the investor for purchase of one Unit, such price to be determined pursuant to this document.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.