Purchasing Volume definition

Purchasing Volume means for any portion of Contract Year 1996 the total dollar volume of purchases made by Member Facilities and Overlap Providers during that time period under group purchasing agreements of the Partnership or its predecessor American Healthcare Systems Purchasing Partners, L.P., that pay Group Purchasing Fees. For any Contract Year after Contract 1996, "Purchasing Volume" means the total volume of purchases made by Member Facilities and Overlap Providers during the applicable Contract Year under group purchasing agreements of the Partnership that pay Group Purchasing Fees. Notwithstanding the foregoing sentence, the volume of purchases made by Member Facilities and Overlap Providers pursuant to any agreement between the Partnership and a distributor shall only be included in Purchasing Volume in the same proportion 4 as the Group Purchasing Fee under such distribution agreement as compared to the average Group Purchasing Fee received by the Partnership pursuant to all of its group purchasing agreements. By way of example only, if the Group Purchasing Fee under such distribution agreement were 1.1% and the Partnership's average Group Purchasing Fee were 2.2%, the applicable proportion would be fifty percent (50%) and fifty percent (50%) of Quorum's purchases under such distribution agreement would be included in the applicable Purchasing Volume.
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Purchasing Volume means the total volume of purchases made by Member Facilities and Overlap Providers during the applicable Contract Year under group purchasing agreements of the Partnership that pay Group Purchasing Fees. Notwithstanding the foregoing sentence, the volume of purchases made by Member Facilities and Overlap Providers pursuant to any agreement between the Partnership and a distributor shall only be included in Purchasing Volume in the same proportion 4 as the Group Purchasing Fee under such distribution agreement as compared to the average Group Purchasing Fee received by the Partnership pursuant to all of its group purchasing agreements. By way of example only, if the Group Purchasing Fee under such distribution agreement were 1.1% and the Partnership's average Group Purchasing Fee were 2.2%, the applicable proportion would be fifty percent (50%) and fifty percent (50%) of Quorum's purchases under such distribution agreement would be included in the applicable Purchasing Volume.
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Examples of Purchasing Volume in a sentence

  • Upon the occurrence of any Agreement Termination other than a (i) Termination for Cause by iSecureTrac in accordance with Section 13.2, or (ii) Termination for Convenience by DISTRIBUTOR under Section 13.3, the [confidential treatment requested] Commitment and all other Purchasing Commitments (if any) shall terminate, and DISTRIBUTOR shall have no further liability or obligation to iSecureTrac hereunder or otherwise with respect thereto, any Purchasing Volume Default, or any similar deficiency or amount.

  • The Regional Leader will make routine on-site visits to discuss performance issues and solve problems according to the schedule below: Average Monthly Purchasing Volume Frequency of Contact with MMCAP Participating Facility Type of Contact $0 - $25,000 Dialogue with MMCAP Participating Facility once every 30 calendar days unless otherwise requested by the MMCAP Participating Facility Telephone Call Onsite visits available upon reasonable request $25,001 – and up 1.

  • In the event the Purchasing Volume exceeds the Participant Benchmark for any Contract Year, Quorum will be entitled to any Administrative Fees generated by such excess Purchasing Volume only to the extent Administrative Fees actually received by Quorum directly from vendors and/or from the Partnership exceed six million four hundred thousand dollars ($6.4 million) in any Contract year.

  • The parties agree and acknowledge that, as of the date of this First Amendment, the Purchasing Volume for Contract Year 1996 has not been finally determined and reconciled to the satisfaction of both parties.

  • Using the facts set forth in the preceding example, if as of June 30, 2001, Cumulative Signed Purchasing Volume is $2,000 million, and 4,968,592 Tranche A Shares become Vested Shares, then 814,849 Tranche A Shares shall be deemed Tranche A Shortfall Shares as of the First Determination Date: 5,783,441 - 4,968,592 = 814,849 Tranche A Shortfall Shares A Determination Date as of which there is a Tranche A Shortfall Amount is referred to as a "TRANCHE A SHORTFALL DETERMINATION DATE".

  • Commencing with Contract Year 1997 and for each Contract Year hereafter, the Partnership shall guarantee that Quorum receive Administrative Fees from vendors for Purchasing Volume made during the applicable Contract Year in the amount of Six Million Four Hundred Thousand Dollars ($6,400,000), so long as the Purchasing Volume for the applicable Contract Year equals or exceeds the applicable Participant Benchmark set forth in Section 4.4 below.

  • If the applicable Participant Benchmark is not satisfied, the guarantee of Administrative Fees set forth in this Section 4.2 shall be reduced in the same proportion as the shortfall between the actual Purchasing Volume for the applicable Contract Year and the applicable Participant Benchmark expressed as a percentage of the Participant Benchmark.

  • Any amount of Administrative Fees owed by the Partnership to Quorum for a particular Contract Year pursuant to this Section 4.2 shall be reduced and offset by those Administrative Fees paid by the vendors directly to Quorum for such Contract Year's Purchasing Volume.

  • Within ninety (90) days after the end of each Contract Year, Quorum shall provide the Partnership with a written report setting forth the amounts and sources of all Administrative Fees paid to Quorum and due to be paid to Quorum by vendors for such Contract Year Purchasing Volume.

  • To Be Discussed APPENDIX（C）Minimum Purchasing Volume During the first contractual period of (MM/DD/YY)- (MM/DD/YY), a purchasing value quota of; is agreed upon by the parties.

Related to Purchasing Volume

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).