Minimum Purchase Commitment definition

Minimum Purchase Commitment shall have the meaning set forth in Section 2.01.

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Minimum Purchase Commitment means Company’s minimum binding purchase commitment to SAFC for a minimum number of Batches of Vector Product during a Contract Year, determined as set forth in Section 3.1(a).

Minimum Purchase Commitment means the quantity of Batches which Prothena is obliged to purchase in any Year under the Product Agreement(s) and which shall mean the certain percentage of the Maximum Capacity Reservation as set forth in Section 4 and Appendix 3, as it may be adjusted in accordance with this Agreement.

Examples of Minimum Purchase Commitment in a sentence

• The Minimum Purchase Commitment is set fort in Section 23 and in Annex K.

• In addition to meeting the Minimum Purchase Commitment, Distributor shall use its best efforts to promote the sale of the Products within the Territory, to develop a market for the Products and to enhance the Company's image in the marketplace as a provider of quality medical devices.

• If Distributor fails to meet the Minimum Purchase Commitments in any given period, INFRAREDX may either (i) provide Distributor the opportunity to purchase Products to satisfy such Minimum Purchase Commitment, (ii) terminate Distributor’s exclusivity in the Territory and appoint other distributors to distribute Products in the Territory, or (iii) terminate this Agreement upon ninety (90) days’ written notice.

• The Owner agrees that the aggregate amount of all payments to the Vendor pursuant to Purchase Orders delivered to the Vendor during the Contract Term shall be not less than Three Hundred Thirty Million Dollars ($330,000,000) (the "Minimum Purchase Commitment").

• The failure to meet the Minimum Purchase Commitment shall not constitute an Event of Default as defined in Section 14.2 (Termination Upon Event of Default) of this Agreement unless and/or until the amount Purchaser orders for delivery during any Contract Year falls below seventy-five percent (75%) of the then applicable Minimum Purchase Commitment.

More Definitions of Minimum Purchase Commitment

Minimum Purchase Commitment is defined in subsection 5.1(i).

Minimum Purchase Commitment has the meaning set forth in Section 3.3.

Minimum Purchase Commitment. Section 2.2(a) “Nonconformance” Section 7.2

Minimum Purchase Commitment is defined in Exhibit C.

Minimum Purchase Commitment means Company’s minimum binding purchase commitment to SAFC for a minimum number of Vector Product during a Contract Year, including those additional Batches that are part of Company’s Binding Forecast, determined as set forth in Sections 3.1(a) and 3.2(a).

Minimum Purchase Commitment means the number of products OpGen must purchase under the Supply Agreement during any applicable Minimum Purchase Commitment Period that equals or exceeds the number of products that must be purchased to receive [*****] volume pricing as set forth in Exhibit A to the Supply Agreement.

Minimum Purchase Commitment has the meaning set forth in subsection 4.01 of this Agreement.