NPI Product definition
Examples of NPI Product in a sentence
Each NPI Purchase Order will identify the specific NPI Product by SKU, the quantity of each NPI Product ordered, and the delivery date(s) that such NPI Product must be available for Fulfillment Orders (as defined below).
The “Price” is equal to (i) during the period commencing on the Effective Date and continuing until the day immediately before the Price Trigger Date, the Actual Monthly Costs plus or minus any applicable Monthly True-Up; and (ii) commencing on the Price Trigger Date, the sum of (A) the Recipe Ingredient Cost; (B) the NPI Product Price; (C) the Fulfillment Cost; (D) the Annual Baseline PTGA Fee; (E) the EOL Quarterly Surcharge; and (F) the FR Margin.
FreshRealm may amend the NPI Product Price, on an SKU-by-SKU basis, no more than [**] period during the Term by providing Blue Apron at least [**] prior written notice.
A NPI Purchase Order is not considered accepted by FreshRealm until the NPI Products are shipped to a Consumer or until FreshRealm sends an acknowledgement, which it will use reasonable effort to provide within [**], provided that FreshRealm will be deemed to have accepted any NPI Purchase Order placed by Blue Apron requesting a quantity of NPI Product that is for more than the PO Minimum and less than the PO Maximum for that SKU.
However, in no event shall FreshRealm be required to pay the NPI Rebate for a given NPI Product until Blue Apron has paid for that NPI Product.
Customer shall pay for or obtain and consign to Flex any Product and NPI Product specific tooling, equipment or software (collectively, “Customer Tooling”) and other reasonably necessary non-recurring expenses (if any) as shall be set forth in the Fee List.
Title to the applicable NPI Product must transfer from FreshRealm to Blue Apron before that NPI Product will count towards the NPI Rebate for that calendar quarter, and in determining the applicable quarter in which to count a NPI Product towards an NPI Rebate, the date will be based on the date that title to the NPI Product so transfers.
FreshRealm will invoice Blue Apron for the Price when the associated Recipe Unit Product and/or NPI Product leave the FreshRealm facility in a Package.
It is further agreed that any NPI Services performed, and/or NPI Product delivered, hereunder shall be provided on an “as-is” basis.
Blue Apron will pay FreshRealm the NPI Product Price for the NPI Products.