Common use of Minimum Purchase Requirements Clause in Contracts

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 for the 1/st/ Year, rather than $50,000 and $75,000 for the 1/st/ 6 months and the 2/nd/ 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until this Agreement shall have been in force for more than one year."

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 for the 1/st/ 1st Year, rather than $50,000 and $75,000 for the 1/st/ 1st 6 months and the 2/nd/ 2nd 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until this Agreement shall have been in force for more than one year."

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C of the License Agreement are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 for the 1/st/ Yearby April 28, 2001 and $175,000 by April 28, 2002, rather than $50,000 and $75,000 for the 1/st/ 1st 6 months and the 2/nd/ 2nd 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until this Agreement shall have been in force for more than one yearApril 28, 2001."

Minimum Purchase Requirements. The Purchase Obligations set forth on Exhibit C of the License Agreement are hereby modified so that Licensee's minimum purchase requirement shall be $125,000 for the 1/st/ Yearby April 5, 2001 and $175,000 by April 5, 2002, rather than $50,000 and $75,000 for the 1/st/ 1st 6 months and the 2/nd/ 2nd 6 months, respectively. In addition, the following sentence is hereby added after the last sentence on Exhibit C: "Grantor shall have no right to enforce, and no action shall accrue in respect of, Licensee's Purchase Obligations until this Agreement shall have been in force for more than one yearApril 5, 2001."