Common use of Purchase Commitments Clause in Contracts

Purchase Commitments. Seller has no purchase commitments for inventory items or supplies that, together with amounts on hand, constitute in excess of 3 months normal usage, or which are at an excessive price.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zitel Corp)

Purchase Commitments. Except as set forth on SCHEDULE 4.16(C), Seller has no purchase commitments for inventory items or supplies that, together with amounts on hand, constitute in excess of 3 6 months normal usage, or which are at an excessive priceusage and exceeds $100,000 in the aggregate.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hickok Inc)

Purchase Commitments. Seller has no purchase commitments for inventory items or supplies in an amount in excess of $25,000 on an annual basis that, together with amounts on hand, constitute in excess of 3 three months normal usage, or which are at an excessive price.

Appears in 1 contract

Sources: Asset Purchase Agreement (Macrovision Corp)

Purchase Commitments. Seller has no purchase commitments for inventory items or supplies that, together with amounts on hand, constitute in excess of 3 three months normal usage, or which are at an excessive price.

Appears in 1 contract

Sources: Asset Purchase Agreement (Macrovision Corp)