Purchasing Year definition

Purchasing Year means, with respect to any calendar year, the period beginning on June 1 of the prior calendar year and ending on September 30 of that calendar year, which, by way of example, means the 2011 "Purchasing Year" is the period beginning on June 1, 2010 and ending on September 30, 2011.
View Source
Purchasing Year means a calendar year.
View Source

Examples of Purchasing Year in a sentence

  • At the end of each Purchasing Year, the Parties will true-up any discrepancies between the Annual Advance Payment and the amounts due for purchased Products.

  • After the first Purchasing Year, at least sixty (60) days prior to the commencement of the next Purchasing Year, the Parties will negotiate in good faith an annual minimum purchase requirement and the Annual Advance Payment.

  • If the Parties fail to agree on an annual minimum purchase requirement and the Annual Advance Payment, then either Party may terminate this Agreement by giving at least thirty (30) days’ advance written notice to the other Party prior to the end of the current Purchasing Year.

  • Without limiting the generality of Ottobock’s Distribution efforts obligation under Section 3.1, Ottobock shall purchase the minimum number of Units shown in Exhibit F of the Products in the first Purchasing Year of the Term.

  • To facilitate discussion, both Parties shall provide to the other Party its proposals for any proposed minimum purchase requirements and the Annual Advance Payment, which shall be based upon bona fide, reasonable market, purchasing and commercial data and trends analysis, at least (60) days prior to the end of each Purchasing Year for the subsequent Purchasing Year.

  • If Ottobock fails to submit sufficient orders to meet the minimum requirements in the then current Purchasing Year and such failure is not excused by a Supplier Default, Ottobock shall pre-purchase additional stock of the Products, in order to meet its agreed upon minimum requirements.