Minimum Buys Clause Samples

The Minimum Buys clause sets a required baseline quantity or value of goods or services that a buyer must purchase from a seller within a specified period. In practice, this means the buyer is obligated to meet or exceed a certain purchase threshold, such as ordering at least 1,000 units annually or spending a minimum dollar amount per quarter. This clause ensures the seller receives a predictable level of business, reducing uncertainty and helping to justify investments in production or inventory.
Minimum Buys. BIT may be required to purchase certain minimum quantities of materials, wherein such minimum quantities may exceed what is required to meet Client’s forecast. After the Parties discuss such cases and Client agrees to BIT’s purchase by providing a material authorization, Client shall pay for such “minimum-buy excess material” upon termination of this Agreement, if such material is not consumed by BIT during the course of executing its obligations under this Agreement. If Client requests BIT to purchase excess materials for any reason, Client shall pay BIT a carrying cost charge on such material in the amount of [***]% per month of the ending dollar value of the material on a monthly basis.
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Minimum Buys. BIT may be required to purchase certain minimum quantities of materials, wherein such minimum quantities may exceed what is required to meet Client’s forecast. After the Parties discuss such cases and Client agrees to BIT’s purchase by providing a material authorization, Client shall pay for such “minimum-buy excess material” upon termination of this Agreement, if such material is not consumed by BIT during the course of executing its obligations under this Agreement. If Client requests BIT to purchase excess materials for any reason, Client shall pay BIT a carrying cost charge on such material in the amount of [***]% per month of the ending dollar value of the material on a monthly basis. Manufacturing Agreement – No. 20312 Issue A Page 4 January 2nd, 2014 [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Minimum Buys. If a vendor requires Supplier to order a minimum quantity of materials or components that will be used in Custom Product, Supplier will obtain Google’s written approval before placing such order.
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Minimum Buys. ▇▇▇▇▇▇ is not responsible or liable in any way for the restocking, handling, disposal, etc., of any “Minimum Buy” quantities of chemicals or hazardous materials that exceed ▇▇▇▇▇▇ needed quantities and are not required to be physically delivered by the Purchase Order, notwithstanding the fact that the Purchase Order provides for payment of the total “Minimum Buy Quantity.”
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Minimum Buys. Customer acknowledges that certain suppliers may require Cirtronics to place orders for specified minimum quantities of Materials (“Minimum Buys”), and Customer agrees to be liable for all Minimum Buys that it approves under Section 4.4(b). Any such Minimum Buy that becomes Excess Material and/or Obsolete Material shall be treated in accordance with Section 4.4(d).
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Related to Minimum Buys

  • Minimum Book Net Worth The Borrower will maintain, during each period described below, its Book Net Worth in an amount not less than the amount set forth below:

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."

  • Minimum Balance ▇▇▇▇▇▇▇▇ agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Minimum Orders Client may order Manufacturing Services for batches of Products only in multiples of the Minimum Order Quantities as set out in Schedule B to a Product Agreement.