Purchase Target definition

Purchase Target means the minimum amount of total Upcharge to be earned by Supplier as a result of the purchase of Product from Supplier in each of the first four (4) years of the Term, as set forth on Schedule 1.6.
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Purchase Target. With respect to any Operational Year, the number of Cases of Products that is set as a target number of Cases for Importer to purchase from Brand Owner during such Operational Year, as set forth on the attached Exhibit V as the same may be amended pursuant to the terms of this Agreement; provided, however, that Importer is not under any obligation to purchase all such Cases, but subject to Brand Owner’s termination right pursuant to Sections 13(g) and 13(h).
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Examples of Purchase Target in a sentence

  • If Distributor fails to meet its annually-agreed Annual Purchase Target, Aruba may, in its sole discretion, change the level of discount that the Distributor is receiving and to amend Exhibit A to reflect such change in discount.

  • If, during any Year, Supplier has not earned total Upcharges as part of the Invoice Price for Product in an amount equal to or greater than the Purchase Target for such Year, then Buyer shall pay Supplier, within thirty (30) calendar days of the end of such Year, an amount equal to the Purchase Target less the amount of Upcharge earned by Supplier on Product purchased during such Year as part of the Invoice Price for Product (a "Purchase Target Deficiency Payment").

  • During the Term following the end of the second (2nd) Contract Year, Ginkgo may elect, upon written notice to BLI, to buy-down its remaining financial obligations under the Full Purchase Target (the “Buy-Down Election”) by making a one-time payment to BLI in the amount of the Buy-Down Amount.

  • For each subsequent year in which this Agreement remains in force (if any), the Minimum Purchase Target shall be increased by the purchase target increase indicated in Schedule 2, unless, prior to the beginning of the year, the Parties agree in writing to reset the Minimum Purchase Target for such year in a different manner.

  • If a New Product is manufactured and supplied by Supplier, such New Product shall become Product and, then to the extent purchased, an agreed-to upcharge shall be credited toward Buyer's Purchase Target obligation.

  • If the Upcharge earned by Supplier in any Year is less than the Purchase Target for such Year and such deficiency is a result of a Supplier Default or a Force Majeure Event (as defined in Section 19), then the Purchase Target Deficiency Payment shall be reduced to the extent such deficiency was attributable to such Supplier Default or Force Majeure Event.

  • A motor vehicle retail installment sale contract between a motor vehicle dealership and a vehicle purchaser.

  • Such additional Production Purchases in excess of the Production Purchase Target for such Contract Year will be creditable towards Ginkgo’s Production Purchases in subsequent Contract Year(s) until such excess amount has been exhausted and will count towards the Minimum Cumulative Purchase Commitment.

  • The Annual Purchase Target for the initial year is set forth on Exhibit A.

  • CMGFC may also use Loans which are adjustable rate loans ("ARM Loans") to satisfy the Monthly Purchase Target for any month by offering to sell such Loans to the Purchaser, provided that the ARM Loans, by principal balance, represent no more than 50% of the related Monthly Purchase Target.