MINIMUM QUANTITY REQUIREMENT, PURCHASE PRICE Sample Clauses

The Minimum Quantity Requirement, Purchase Price clause sets a baseline amount of goods or services that the buyer is obligated to purchase from the seller, along with the agreed price for those purchases. Typically, this clause specifies the minimum units or dollar value that must be ordered within a certain timeframe, and it may outline the price per unit or total purchase price applicable to those minimums. By establishing these terms, the clause ensures predictable sales for the seller and price certainty for the buyer, reducing the risk of under-ordering and disputes over pricing.
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MINIMUM QUANTITY REQUIREMENT, PURCHASE PRICE. 3.1 Supplier shall be obligated to sell to Customer and Customer shall be obligated to purchase from Supplier, pursuant to the terms and conditions of this Agreement, for each Contract Year, the Annual Minimum Product Purchase Requirement of Product for the Customer Facility. All Product shall be originated at the Kenosha Mill and transported to the Customer Facility via the Transfer System or shipped to other Customer Facilities at Customer's expense including a reasonable loading and rail equipment charge payable to Supplier. It is anticipated by the parties that the Annual Minimum Product Purchase Requirement for the first Contract Year will be approximately [ * ] cwts; for the second Contract Year will be approximately [ * ] cwts; and for the third Contract Year will be approximately [ * ] cwts. The actual Annual Minimum Product Purchase Requirement for each Contract Year shall be established by mutual agreement of the parties on or before July 1 immediately preceding such Contract Year. At the time of establishing the Annual Minimum Product Purchase Requirements for the third Contract Year, Customer shall provide Supplier with good faith estimates of the Annual Minimum Product Purchase Requirements for the balance of the Initial Term. The actual Annual Minimum Product Purchase Requirements for the period from March 31, 1999 through September 30, 1999 will be established by mutual agreement on or before July 1, 1998. Subject to Paragraph 3.2, Customer agrees, in any case, to purchase at least [ * ]% of its Semolina requirements for the Customer Facility from Supplier's Kenosha Mill. Supplier guarantees to supply to Customer up to the Supplier Guaranteed Maximum Annual Volume for each Contact Year. Supplier will use commercially reasonable efforts to supply Customer with Product in excess of the Supplier Guaranteed Maximum Annual Volume if required by Customer.
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Related to MINIMUM QUANTITY REQUIREMENT, PURCHASE PRICE

  • 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 Condition and Warranty Requirements for TIPS Sales All goods quoted or sold through a TIPS Sale shall be new unless clearly stated otherwise in writing. All new goods and services shall include the applicable manufacturers minimum standard warranty unless otherwise agreed to in the Supplemental Agreement.

  • Minimum Purchase Requirements Distributor shall make the minimum annual purchase of Products established in Exhibit B, unless the Agreement has become coexclusive. In the period within the fixed term and extension, if applicable, of the Agreement under Section 10(a) subsequent to [ * ], the parties shall meet in San Francisco at least [ * ] prior to the beginning of each of respective year to discuss market conditions and appropriate minimum purchases for such year. In the event that the parties fail to agree on an appropriate minimum any year subsequent to [ * ], the minimum annual purchase requirement for such year shall be calculated increasing or decreasing (as the case may be) the minimum purchase requirement for the preceding year in proportion to the increase or decrease in the [ * ] (based on data from mutually acceptable data provider) of the applicable product in the Territory. In the event Supplier is unable to deliver Products ordered by Distributor in an amount consistent with the most recent forecast, then the minimum annual purchase requirement shall be reduced by the quantity of Products that Supplier is unable to deliver when requested. In the event Distributor fails in any year (a “Shortfall Year”) to make the annual minimum purchase of Agreement Products required by Exhibit B, Supplier shall have the right to give Distributor written notice of default, and if such failure to make the minimum purchase is not cured (through the purchase of an amount of Agreement Product equal to the entire shortfall in the Shortfall Year, which amount shall not be counted towards any minimum purchase requirements for the year of purchase) within [ * ] of receipt of the notice, then Supplier shall have the right, in Supplier’s sole discretion and as Supplier’s sole remedy for Distributor’s failure to meet the minimum purchase requirements hereunder, either to convert the appointment of Distributor from exclusive to non-exclusive or to terminate this Agreement. In the event of either conversion to non-exclusive or termination of this Agreement pursuant to this Section 3(e), the Supplier shall pay Distributor a conversion fee equal to [ * ], and Distributor shall transfer all Regulatory Approvals relating to BMS or DES in the Territory to Supplier.

  • Minimum Purchase Broker-Dealer shall not sell fewer than $5,000 in Notes to any purchaser without the prior written consent of Issuer.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.